David L. Ansell


David L. Ansell

Senior Counsel

Washington, D.C. | 1900 K Street, NW, Washington, DC, United States of America 20006-1110
+1 202 261 3433 | +1 202 261 3333

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David L. Ansell advises financial services companies and investors on a wide variety of bank regulatory matters, including mergers and acquisitions; controlling and non-controlling investments in banks and bank holding companies; reorganizations and recapitalizations of distressed banks; U.S. regulation of foreign banking organizations; chartering of de novo and special purpose banks and marketplace lending and FinTech financial regulatory matters. He has significant experience representing clients in matters before the federal bank regulatory agencies, including the Federal Deposit Insurance Corporation, the Federal Reserve Board and the Comptroller of the Currency, where he previously served as an attorney focusing on regulatory, legislative, and securities issues.

Mr. Ansell has been recognized for his work in Financial Services Regulation: Financial Institutions M&A by Chambers USA, a referral guide to leading lawyers in the United States based on the opinions of peers and clients. In its most recent edition, Chambers observed that he “is held in high regard by clients for his practical, thoughtful and detail-oriented approach to M&A transactions involving financial institutions.” Past editions have described him as “a very intelligent, disciplined lawyer” with “a very deep awareness of, and familiarity with, banking regulations.” Mr. Ansell has been praised as “a key partner on the transactional side” whose “industry contacts and knowledge of the regulatory process have been invaluable,” and “who regularly comes up with innovative solutions.” He was also recognized in the 2014 edition of the Legal 500 (U.S.) as "outstanding" in the area of financial services: regulatory. He is also listed in The Best Lawyers in America for banking and finance law. In 2018, Mr. Ansell was named a BTI Client Services All-Star, recognized as one of 326 lawyers nationwide for excellence in client service.

Mr. Ansell is a frequent author and speaker on issues regarding financial institutions. His book publications include:

  • The Bank Investor’s Survival Guide (2016)
  • The Volcker Rule: Commentary and Analysis (2014)
  • The Bank Holding Company Guide: New Rules of the Road for Banks and Their Investors (2009)
  • Equity Investments and Controlling Acquisitions Involving U.S. Financial Institutions (2007)

Prior to joining Dechert, he was a corporate partner in the Washington office of a large international law firm.


Recent assignments that Mr. Ansell has handled include advising:

  • Cryptocurrency firm BitGo, Inc. in connection with an equity investment by Goldman Sachs
  • Morgan Stanley Investment Management in connection with the formation of a closed end registered fund to invest in marketplace loans. 
  • Paulson & Co. Inc. in connection with the sale of OneWest Bank N.A. to CIT Group Inc.
  • Certares LP in connection with a joint venture with American Express to provide business travel services.
  • Belstar Holdings, LLC with regard to the US$730 million recapitalization of Sterling Financial Corporation.
  • Alcar, LLC in connection with its acquisition and recapitalization of Darien Rowayton Bank.
  • Western Capital Corporation in connection with the de novo formation of Western Capital Bank.
  • Citadel LLC in its 19% equity investment and debt funding of E*Trade Financial Corp.
  • Power Corporation of Canada in connection with its US$3.9 billion acquisition of Putnam Investments, Inc.
  • East Rock Capital in connection with its investments in Northeast Bancorp and Bay Bancorp.
  • Merrill Lynch in its US$1.3 billion acquisition of First Franklin Mortgage from National City Corp.

Includes matters handled at Dechert or prior to joining the firm.

  • The Wharton School, University of Pennsylvania, B.S., 1976, cum laude
  • Temple University Beasley School of Law, J.D., 1979, Member of the Law Quarterly
  • District of Columbia
  • Supreme Court of the United States
  • District of Columbia Court of Appeals
  • American Bar Association’s Banking Law Committee
Speaking Engagements
  • Washington Regulatory Review — American Council of Life Insurers Annual Conference, Washington, D.C. (October 21, 2012)