David L. Ansell

david-ansell

David L. Ansell

Senior Counsel

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

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David L. Ansell advises financial services companies on a wide variety of bank regulatory matters, including mergers and acquisitions; controlling and non-controlling private equity investments in banks and bank holding companies; reorganizations and recapitalizations of distressed banks; and corporate finance transactions. He has significant experience in matters pending 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.

Experience

Recent assignments that Mr. Ansell has handled include advising:

  • Paulson & Co. Inc. in connection with the sale of OneWest Bank N.A. to CIT Group Inc.
  • Jacobs Asset Management in connection with its investment in Cove Financial Group.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.
  • Paulson & Co. Inc. in connection with the acquisition of IndyMac Federal Bank from the FDIC.
  • 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.

Education
  • 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
Admissions
  • District of Columbia
  • Supreme Court of the United States
Memberships
  • American Bar Association’s Banking Law Committee
  • Federal Bar Association Banking Committee Executive Council