Jacob A. Lutz III

Partner

Richmond
Business Phone: 804.697.1490
Business Fax: 804.698.6014

jake.lutz@troutman.com

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Jake is a member of the firm’s Financial Institutions, Corporate, M&A and Securities practices. He is also a member of the International and Education practices.

Financial Institutions, Corporate, M&A and Related Practices

The Financial Institutions practice represents banks and other financial services providers domestically and internationally. Jake advises institutions in connection with equity and debt capital formation and restructuring, including new offerings and subordinated debt, stock repurchases, reverse stock splits, going private transactions, and other related transactions involving the formation, structure and restructuring of capital. Jake assists institutions involved in mergers and acquisitions, both on the buy side and the sell side. He also assists with charter selection issues, including charter conversions and holding company reorganizations, and formation of new financial institutions, including national banks, state banks, and thrift institutions, their holding companies and affiliates, including non-bank affiliates and subsidiaries.

A former attorney with the FDIC in its Washington, D.C. headquarters and Atlanta regional office, Jake also advises clients regarding regulatory developments and compliance with complex banking laws and regulations. He assists clients in negotiations with federal and state regulatory agencies and advises clients regarding regulatory enforcement agreements, including cease and desist orders, formal agreements, supervisory agreements, civil money penalty actions and related matters. He has conducted administrative hearings on behalf of institutions, individuals and the FDIC. Jake closely follows regulatory trends and developments as they affect all financial institutions, including national banks, state member and state non-member banks, thrifts, and other financial entities.

International Practice

Jake formerly served as Chair of the Finance and Banking Practice Group of TerraLex, an international network of 155 law firms in more than 100 countries. He is experienced in international banking matters as well as other corporate and business matters domestically and abroad. He also served as Co-Vice Chair of TerraLex for North America for more than five years and as a member of the TerraLex Board of Directors for more than ten years. Jake was the primary internal and external representative for the firm's membership in TerraLex for twenty years. He presently maintains working relationships with law firms around the world.

Education Law Practice

Another important part of Jake’s practice involves education law. Jake advises public and private colleges and universities in connection with regulatory and compliance matters, accreditation issues, mergers and substantive change transactions, internal audits and reviews, and related matters. Jake is a former member of the State Council of Higher Education for Virginia, the coordinating entity for all public and private institutions conducting business in Virginia. Jake is also a former trustee of a major land grant research university and a prior chair of that board. In addition, Jake has been a board member and chair of a major university-affiliated advanced technologies research institute, a board member of a university endowment, and a board member of an alumni association.

Representative Engagements

  • Represented a multi-billion dollar bank holding company and subsidiaries in merger transaction creating the largest community bank in the Washington, DC metropolitan area.
  • Represented multi-billion dollar bank holding companies and subsidiaries in merger transactions creating the largest community bank in Richmond, Virginia.
  • Represented bank holding company and bank in merger transaction creating one of the largest bank holding companies based in eastern Virginia.
  • Represented bank holding company in private equity recapitalization in excess of $50 million with registration rights and follow-on rights offering.
  • Represented ten separate national and state-chartered banks with overlapping shareholder basis and simultaneous consolidation into a single multi-billion dollar institution.
  • Represented numerous financial institutions entering into and exiting from US Treasury TARP Program involving hundreds of millions of dollars in TARP securities.
  • Advised numerous boards of directors in regulatory negotiations involving the entry into and exit from formal and informal regulatory agreements.

Professional Honors and Activities

  • Best Lawyers' 2013 Richmond Financial Services Regulation Law "Lawyer of the Year".
  • Best Lawyers' 2013 Washington, D.C. & Baltimore Banking and Finance Law "Lawyer of the Year".
  • Recognized in Best Lawyers in America in Banking and Finance Law (1995-2019) and Financial Services Regulation Law (2011-2019).
  • Recognized by Law & Politics’ as a Virginia Super Lawyer in Banking Law since 2006.
  • Recognized as a Top Lawyer in America since 2008.
  • Who's Who, Legal USA, Banking Law since 2000.
  • Life Fellow, American Law Foundation.
  • Fellow, Virginia Law Foundation.
  • Former Co-Vice Chair for North America and Director, TerraLex. 
  • Former International Chair, Financial Services Practice Group, TerraLex (Affiliation of 155 independent law firms in more than 100 countries worldwide).

Continuing Legal Education

  • Harvard Law School, Harvard University Negotiation Project, Certificate of Completion, 1985.

Speaking Engagements

Frequent lecturer on financial institutions topics at legal and industry professional education programs, including:

  • Guest Lecturer, Regulated Industry Policy Course - Banking Law Segment, University of Virginia Law School, 2017.
  • Moderator, Regulators Panel, Virginia Bank Directors Symposium Co-Hosted by Virginia Bankers Association and Virginia Association of Community Banks, Multiple Locations, 2017.
  • Presenter, Panel Discussion, UNC Banking Institute, 2015.
  • Faculty, Virginia Bankers Association, Virginia Bankers School for Bank Management, 2013-2015.
  • "Current Legal Issues in Bank M&A," Virginia Community Banking Forum, 2011-2015.
  • “Current Issues in International Banking and Finance,” TerraLex Global Meeting, Paris, 2013.
  • AICPA School of Banking, University of Virginia.
  • "Protecting Directors & Officers of Financial Institutions and Holding Companies," Virginia Community Banking Forum, Richmond, Virginia, 2012.
  • "Legal Update," Virginia Bankers Association CFO Conference, 2012.
  • "Managing Your Bank’s Board of Directors," Virginia Bankers Association CEO Conference, 2012
  • "Finance and Banking Practice Groups," TerraLex Global Meeting General Assembly Presentation, 2012.
  • "Top 10 Legal Issues for Bank Boards of Directors," Virginia Bank Directors Symposium Co-Hosted by Virginia Bankers Association and Virginia Association of Community Banks Multiple Locations, 2012.
  • Moderator, "The Consumer Financial Protection Bureau Panel Discussion," UNC Banking Institute, 2012.
  • "Practical Guide for Directors and Officers of Failing Banks," Troutman Sanders Webinar, 2011.

Publications

Professional and Community Involvement

  • Virginia Bar Association
  • Virginia State Bar
  • Tennessee Bar Association
  • American Bar Association
  • American Bar Foundation
  • Member, State Council of Higher Education for Virginia (2009-2011)
  • Rector, Board of Visitors, Virginia Polytechnic Institute and State University (2006-2008); Vice Rector (2004-2006); Member, Executive Committee, and Chair (2006-2008); Chair, Finance and Audit Committee (2002-2006)
  • Member, Board of Directors, Virginia Tech Foundation, Inc. (2006-2014) and its Executive Committee (2006-2008)
  • Member, Board of Directors, Virginia Tech Alumni Association (2014-Present)
  • Member, Virginia Tech Athletic Council (2014-Present)
  • Chair, Virginia Bioinformatics Institute Policy Advisory Board (2002-2006)
  • Member, Pamplin Advisory Council, Pamplin School of Business, Virginia Tech (2006-Present) and Dean’s Cabinet (2014-Present)
  • Board of Advisors, Center for Banking and Finance, University of North Carolina School of Law (2009-Present)
  • Member, Virginia Business Higher Education Council (2011-Present)
  • Elder, First Presbyterian Church, Richmond
  • United Way Campaign Team Capital and Division Chair (Former)
  • Faculty, AICPA National School of Banking at the University of Virginia (Former)
  • Salvation Army Board of Directors (Former)

 


 

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Education

  • College of William and Mary, J.D., 1981
  • Virginia Polytechnic Institute & State University, B.S., Finance, with distinction; Phi Kappa Phi, Beta Gamma Sigma, 1978

Bar Admissions

  • Virginia
  • Tennessee

Court Admissions

  • U.S. District Court for the Eastern District of Virginia
  • U.S. Court of Appeals for the Fourth Circuit
  • U.S. Court of Appeals for the Eleventh Circuit
  • U.S. Court of Appeals for the Seventh Circuit
  • U.S. Court of Appeals for the District of Columbia
  • Supreme Court of the United States