Brian D. Christiansen

Based in the Firm’s Washington, D.C. office, Brian Christiansen is a Partner in Simpson Thacher’s Financial Institutions Practice. With more than two decades of experience, he is recognized as one the country’s foremost financial services lawyers. He counsels U.S. and international banking organizations, nonbank financial services firms and their investors and counterparties on all types of regulatory, transactional, compliance and enforcement matters.

Brian often handles multifaceted and novel matters in the financial services industry. He has helped clients structure and execute acquisitions, investments and corporate transactions, obtain charters, raise capital, develop new products, implement compliance programs, conduct internal investigations and resolve enforcement actions. Brian also routinely represents clients before the OCC, FDIC, Federal Reserve and state banking departments.

Brian has been recognized in Chambers USA as “a highly skilled transactional and regulatory attorney, who offers specialized counsel to financial services firms,” with clients noting he “is a very strong and pragmatic bank regulatory lawyer.” He was also featured in the IFLR 1000 as a “market leader” in the Financial Services Regulatory category.

Examples of his experience in financial services include representing:

Banking Transactions

• Israel Discount Bank in its sale of an approximately 15% equity stake in Discount Bancorp to Gallatin Point Capital
• New York Community Bancorp (now Flagstar Financial, Inc.) in its $1 billion capital raising transaction led by three prominent private equity firms and in its sale of $5 billion in warehouse loans to JPMorgan Chase*
• Banc of California in its combination with PacWest Bancorp, simultaneous capital raise from Warburg Pincus and Centerbridge Partners and conversion of the resulting institution to a state member bank*
• Flagstar Bank in its acquisition of a large branch network from Wells Fargo and its subsequent merger with New York Community Bancorp*
• Wells Fargo in the sale of its private student loan portfolio to a group of investors and the sale of its institutional retirement and trust business to an affiliate of Principal Financial Group, Inc.*
• Sumitomo Mitsui Banking Corporation in numerous matters, including its investment in The Bank of East Asia, Ltd., its acquisition of American Railcar Leasing, its investment in Ares Management Corporation, and its strategic partnership and minority investment in Jefferies Financial Group*
• OceanFirst Financial Corporation in its separate acquisitions of seven publicly traded and privately held community bank and thrift organizations*
• Citigroup in numerous matters, including the internal reorganization of its banking charters and their nonbank subsidiaries, divestitures of significant U.S. and non-U.S. businesses, and minority investments*
• E*TRADE in its sale to Morgan Stanley*
• Stone Point Capital in multiple transactions, including as lead investor in EverBank, Standard Bancshares, Inc., Atlantic Capital Bancshares and TriState Capital Holdings, Inc.*
• American Express, Bank of America, JPMorgan Chase and Wells Fargo in their formation of TruSight, a company that conducts third-party risk assessments across the financial services industry*
• Anchor BanCorp Wisconsin Inc. in its first-of-its-kind restructuring and recapitalization through a prepackaged bankruptcy process, subsequent initial public offering and later acquisition by Old National Bancorp*
• A consortium consisting of WL Ross & Co., Blackstone Group, Carlyle Group and Centerbridge in the acquisition of the banking operations of BankUnited, FSB in an auction by the FDIC, as receiver*

Fintech Transactions

• LendingClub Corporation in regulatory matters in connection with its acquisition of a national bank and transition to become a bank holding company*
• Convera in its formation and capitalization by Goldfinch Partners and The Baupost Group and its acquisition of Western Union Business Solutions to form a stand-alone B2B global payments company*
• Social Capital Hedosophia V, a special purpose acquisition company, in its merger with Social Finance, Inc. (SoFi)*
• Zip Co Limited in its $400 million acquisition of QuadPay Inc., which provides technology-enabled buy-now-pay-later services*
• Worldpay, Inc., a global ecommerce and payments processing company, in its merger with FIS, which valued Worldpay at $43 billion*
• Live Oak Bancshares, Inc. as founding investor in Finxact, LLC, a company that develops and provides core banking technology*
• PayPal Holdings, Inc. in its acquisitions of iZettle AB, a leading small business commerce platform in Europe and Latin America, and Hyperwallet, a global payout platform*
• TPG Capital, as special counsel, in its investments in GreenSky, a technology-driven consumer and business lending platform, and Varo Money, a de novo online retail bank*

Regulatory Counseling and Enforcement

• A specialty lender in connection with a regulatory consent order related to safety and soundness*
• A European online bank in regulatory matters related to its entry into the United States*
• A bank undertaking a new strategy in addressing supervisory and enforcement matters related to governance, internal controls and compliance*
• A large non-U.S. bank in the approval and licensing of new offices in the United States*
• A publicly traded banking organization in an internal investigation related to transactions with affiliates*
• A global bank holding company in complying with the activity and investment limitations of the Bank Holding Company Act of 1956*
• A nonbank payments company in its successful response to a licensing inquiry by a state banking agency*
• A regional banking organization in connection with its resolution of a public enforcement action related to its anti-money laundering program*
• A director of a troubled bank in the successful resolution of a federal regulatory enforcement action*
• An industrial loan company in its negotiation of regulatory operating conditions*

*Includes experience prior to joining Simpson Thacher & Bartlett LLP