News & Events

Simpson Thacher is representing Lightyear Capital LLC in its investment through affiliated funds in a private placement of common stock of First National Bank of the Gulf Coast (“FNBGC”) to several private investors of approximately $148 million.  The investment will initially be used to fund FNBGC’s organic growth along the west coast of Florida and, subject to regulatory approval, will later enable FNBGC to seek opportunities to possibly bid on failed bank acquisitions through the Federal Deposit Insurance Corporation and make strategic acquisitions.  The transaction is expected to close in the second quarter of 2011.  

First National Bank of the Gulf Coast, headquartered in Naples, Florida, is a full-service community bank serving the banking needs of individuals and business owners throughout Collier, Lee and Charlotte counties in Florida. 

The Simpson Thacher team includes: Caroline Gottschalk, Daniel Tseng and Matt Reichstein (M&A); Gary Rice and Mark Chorazak (Bank Regulatory); Gary Mandel, Jonathan Goldstein and Aimee Broder (Tax); and Brian Robbins, Jeanne Annarumma and Paula Han (Executive Compensation and Employee Benefits).