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In the News Press Release

Why Small Banks Are Rushing to Issue Subordinated Debt

Publisher: American Banker
July 6, 2016

Michael Rave was quoted in an article, "Why Small Banks Are Rushing to Issue Subordinated Debt," in American Banker. Community banks are taking on more subordinated debt because interest payments are tax-deductible and the issues help bolster Tier 2 capital ratios, explains Rave in the report. Most buyers are pension funds, mutual funds and other community banks. "There's a lot of interest in them from institutional investors and investment banks are really pushing it," said Rave.

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Day Pitney Attorney Wins South Asian Bar Association Award
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Partner and Chair of Day Pitney's Private Equity and Finance group Namita Shah was featured in Law360 Pulse for being a recipient of a South Asian Bar Association (SABA) of North America's Cornerstone Award for 2022.

Day Pitney Represents VCV Digital Technology in its Business Combination with Fortune Rise Acquisition Corporation
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Lakeland Completes Merger With 1st Constitution
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On January 6, 2022, 1st Constitution Bancorp and Lakeland Bancorp, Inc. completed a merger in which Lakeland acquired 1st Constitution, creating the fifth-largest bank headquartered in New Jersey.

Day Pitney Represents TriStruX LLC in Sale to Huron Capital
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Day Pitney LLP represented TriStruX LLC in its successful sale to Huron Capital, a middle-market private equity firm.

Day Pitney Named "Law Firm of the Year" for Trusts & Estates Law by U.S. News – Best Lawyers for Second Year in a Row
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Day Pitney Press Release
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