Douglas P. Faucette

Doug represents publicly and privately held banks and savings associations in various corporate and securities transactions. His experience as a senior federal bank regulator during the formative years of the modern federal regulatory system led to his designing of precedent-setting transactions. Doug was the principal attorney in structuring and advising the creation of the first multistate banking networks and designing numerous unique capital structures. In addition to his banking practice, he has a strong focus on financial service companies, including insurance, investment banking, real estate firms, and credit unions. Doug assists clients with regulatory compliance, holding company formations and acquisitions, de novo bank formation, mergers and acquisitions, and securities offerings, including initial public offerings and venture financing.

Doug has extensive experience with mutual bank governance, demutualization, mergers/conversions, and dissident depositor litigation. He also advises on executive and employee compensation structuring and has played a pivotal role in the passage of significant financial institution legislation. Currently, Doug is engaged in projects aimed at tailoring banking regulations to the needs of community banks. He also advises clients on how to align banking regulations with fintech innovations and blockchain technology.

Doug’s background in senior governmental positions, including as director of the securities division and senior associate general counsel at the Federal Home Loan Bank Board, further enhances his ability to help clients navigate complex legal challenges.

Doug is a frequent commentator in national media and a sought-after speaker at industry conferences, sharing his knowledge on a wide range of topics relevant to the evolving financial services sector.

• Serve as director and counsel to America’s Mutual Banks, which advocates for mutual savings institutions, including mutual holding companies.
• Supported and advocated for various statutory and regulatory reforms such as the expansion of the small bank holding company capital exemption.
• Advised Ponce Financial Group, Inc., and PDL Community Bancorp, one of the nation’s largest minority depository institutions and CDFIs, in connection with the multiple-step conversion and reorganization of Ponce Bank Mutual Holding Company from the mutual to stock form of organization and related stock offering.
• Represented PFG in the issuance to the U.S. Treasury Department of $240 million in ECIP preferred stock.
• Advised Spencer Savings Bank SLA in connection with Spencer’s various acquisitions, including the acquisition of Mariner’s Bank.
• Advised and structured the leading form of stock conversion, significantly impacting the financial landscape and enabling these institutions to access capital markets more effectively.
• Served as special TARP counsel to the U.S. Treasury for the design and issuance of subordinated debt by Sub S banks to the Treasury.
• Played a pivotal role in the passage of major financial institution legislation, including FIRREA, FDICIA, and the Dodd-Frank Act, which reformed the regulatory framework for financial institutions.
• Advised on projects to align banking regulations with fintech businesses and blockchain distributed ledger transfers, aiming to modernize the regulatory environment and foster innovation in financial services.
• Advised clients on private and public securities offerings, including IPOs and venture financing, as well as mergers and acquisitions, facilitating significant capital formation and corporate growth.
• Represented a large corporate investor in structuring and negotiating the private purchase of an S&L holding company’s perpetual preferred stock.
• Advised the nation’s largest mutual savings banks on reforming its corporate governance to assure its independence and prevent self-serving actions to alter its mutual form.
• Represented numerous bank and S&L holding companies before the Federal Reserve Board in acquisitions and HC formations.