Debra Lewis Quoted in the Birmingham Business Journal Regarding Alabama Bank Expansions
Debra Lewis, partner in the firm’s Birmingham office and member of the Banking & Financial Services Practice, spoke with the Birmingham Business Journal regarding an uptick in Alabama banks establishing an out-of-state presence. The article was published on September 6, 2018.According to the Birmingham Business Journal, more than five small banks have applied for out-of-state branches since the start of 2018. The growth follows a period in which Birmingham experienced an influx of out-of-state banks entering the market and showcases the resiliency of smaller, community banks that are growing rapidly both within Alabama and beyond.
Debra discussed the motivation behind these expansions, stating that community banks are seeking to increase deposit bases and diversify customer bases. Smaller banks are also reaping the benefits of financial deregulation, rollbacks of the Dodd-Frank Act, recent tax cuts, and favorable interest rates. Debra discussed the impact of these factors, including a banking code specific to Alabama which makes it easier for banks to expand across state lines.
Debra is a trusted advisor who possess an unyielding commitment to protecting her clients’ interests. She serves as counsel to various corporations including, national, regional, and community banks, indenture trustees, real estate developers, and owners. Debra regularly works with local, regional, and national financial institutions on regulatory, compliance, and transactional matters, including Dodd-Frank compliance and mergers and acquisitions. She is recognized by The Best Lawyers in America for her work in banking and finance law.