Sorling Northrup has a substantial banking practice, representing domestic banks, bank holding companies, savings banks, mortgage banks, other special banking organizations, credit unions, and finance companies. Throughout its history, the firm has provided extensive advice to firm banking clients on the legal aspects of day-to-day operations. Such services include document preparation and review, collections, representation of banking entities in bankruptcy proceedings, mergers and acquisitions, and compliance with state and federal regulations.
The firm also has experience in obtaining the appropriate Illinois regulatory licenses for both in-state and out-of-state institutions and mortgage companies, and has advised such entities on matters of state regulatory compliance. Clients include commercial and consumer lenders as well as individual borrowers and larger commercial and industrial borrowers whom Sorling Northrup has represented in connection with original loan transactions, refinancings, and credit line extensions, both secured and unsecured.
Sorling Northrup attorneys also have extensive experience in providing non-Illinois lenders with general advice and assistance in document preparation with respect to secured transactions involving Illinois real estate and personal property. Firm attorneys are also skilled in structuring letter of credit-supported debt issuances and debt restructurings. Sorling Northrup attorneys have authored banking-related articles that have appeared in banking and real estate trade journals and in chapters and updates to “Advising Illinois Financial Institutions” published by the Illinois Institute for Continuing Legal Education.
Sorling Northrup attorneys who practice in this area include: