Firm News August 28, 2023
Troutman Pepper Counsels Burke & Herbert Financial Services Corp. in Merger With Summit Financial Group, Inc.
RICHMOND, Va. – Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals. Read a company press release about the transaction.
Burke & Herbert Bank & Trust Company is the oldest continuously operating bank under its original name headquartered in the greater Washington DC Metro area. The bank offers a full range of business and personal financial solutions designed to meet customers’ banking, borrowing, and investment needs and has over 20 branches throughout the Northern Virginia region and commercial loan offices in Fredericksburg, Loudoun County, Richmond, and in Bethesda, Maryland.
The multidisciplinary team advising Burke & Herbert was led by Gregory Parisi, and included attorneys Zayne Tweed, Jason Langford, Seth Winter, Danilo Castelli, Mashal Shah, David Kaplan, Sheri Adler, Emily Davidson, Joel Post, Mark Goldsmith, and David Constine.
Troutman Pepper has more than 200 attorneys who regularly advise financial services providers, including banks, neobanks, payment processors, card issuers, and consumer and commercial marketplace lenders. The firm handles their full spectrum of legal needs and has been nationally recognized for its work in the financial services industry, including by Chambers and Partners, Law360, and U.S. News Best Lawyers®, among others.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
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