Heith D.Rodman

Partner

Atlanta + 1.404.581.8356

Heith Rodman's practice focuses on transactions, product development, and regulatory issues facing the financial services industry, financial technology, and payment systems. He regularly advises clients on a wide range of transactional, regulatory, and strategic matters, including blockchain technology and security tokens, proprietary and co-branded card programs, payment processing agreements, and development of emerging financial products, as well as compliance with financial industry, consumer financial protection, and data security laws and regulations. Heith's clients range from traditional financial institutions such as banks and bank holding companies, to sophisticated global merchants, to leading-edge financial technology companies.

Heith also advises financial institutions and financial technology firms in mergers, acquisitions, joint ventures, and capital-raising activities. He provides regulatory advice, general commercial counseling, and disclosure counseling for publicly traded clients. Heith is actively involved in advising boards of directors and their committees on director liability issues, and he has been involved with a number of special committee representations involving transactions, investigations, and litigation.

Prior to his current focus on the financial services industry, Heith represented clients in a variety of industries and has extensive experience with public and private acquisitions and divestitures in transactions with values ranging from $10 million to $4.4 billion. In the capital markets arena, he has represented issuers and underwriters in public offerings and private placements.

Heith is a member of the State Bar of Georgia.

Experience

  • Financial institution seeks advice on rollout of blockchain-based energy platformJones Day is advising a financial institution on the deployment of a blockchain-based energy platform.
  • Riverside invests in Kasasa by BancVueJones Day represented The Riverside Company in connection with its investment in and related financing of Kasasa by BancVue, an Award-winning financial technology and marketing services provider.
  • Crédito Real acquires 65 percent of AFS Acceptance to scale up its used car business in the U.S.Jones Day advised Crédito Real, S.A.B de C.V., SOFOM, E.R. ("Crédito Real") in its acquisition of 65 percent of the equity interests issued by AFS Acceptance LLC, a financial institution focused on granting loans for the acquisition of used cars in the U.S.
  • Riverside acquires Baker Hill from Experian Information SolutionsJones Day advised The Riverside Company in connection with the acquisition and related financing of Baker Hill, a provider of loan origination and portfolio management software and services to the financial industry, from Experian Information Solutions, Inc., an information services provider of data and analytical tools.
  • Riverside acquires DMA CorporationJones Day advised The Riverside Company in connection with the acquisition and related financing of DMA Corporation, a provider of profitability analytics and strategic insights designed to reduce income risk to banks and credit unions.
  • Guided Therapeutics issues $3 million of Senior Convertible Notes in private placementJones Day advised Guided Therapeutics, Inc., a medical device company developing a biophotonic cancer detection testing platform, in connection with its issuance of $3 million in aggregate principal amount of 6% Senior Convertible Notes in a private placement to an institutional investor.
  • Janney Montgomery Scott acts as lead underwriter in connection with issuance of $63.2 million of 6.375% Senior NotesJones Day advised Janney Montgomery Scott LLC, as lead underwriter, in connection with the issuance of $63.2 million aggregate principal amount of 6.375% Senior Notes due 2018 as "baby bonds" by Customers Bancorp, Inc., listed on the Nasdaq Global Select Market.
  • Guided Therapeutics issues $2.6 million of Convertible Preferred Stock and Warrants in private placementJones Day advised Guided Therapeutics, Inc., a medical device company developing a biophotonic cancer detection testing platform, in connection with a $2.6 million private placement to accredited investors of Convertible Preferred Stock and Warrants to purchase shares of Common Stock.
  • FBR Capital Markets acts as lead underwriter in $103.5 million initial underwritten public offering by Customers BancorpJones Day advised FBR Capital Markets & Co., as lead underwriter, in connection with the initial underwritten public offering and the initial listing on the Nasdaq Global Select Market of $103.5 million of Common Shares by Customers Bancorp, Inc.
  • FirstMerit acquires Citizens Republic Bancorp for $912 millionJones Day advised FirstMerit Corporation in its stock-for-stock acquisition of Citizens Republic Bancorp for approximately $912 million.
  • KeyBank strengthens upstate New York franchiseJones Day is advising KeyBank National Association, the lead subsidiary of KeyCorp, in its acquisition of 37 bank branches with $2.4 billion in deposits currently owned by HSBC Bank USA, N.A., in Buffalo and Rochester, New York. The branches are being sold by First Niagara Bank, N.A. to KeyBank, in connection with First Niagara's acquisition of HSBC's upstate New York banking franchise.
  • Republic Bancorp subsidiary assumes all deposits and select assets of Tennessee Commerce BankJones Day advised Republic Bancorp, Inc. in the acquisition by subsidiary Republic Bank & Trust Company of substantially all of the deposits and select assets of Tennessee Commerce Bank, Franklin, Tennessee ("TCB") from the FDIC.
  • Macquarie Capital serves as financial advisor in recapitalization or sale of Tennessee Commerce and two bank holding companiesJones Day assisted Macquarie Capital (USA) Inc., as financial advisor, in connection with the recapitalization or sale of Tennessee Commerce Bancorp and two bank holding companies controlled by Tennessee Commerce as a result of debts from previously contracted transactions, together with an approximately $200 million sale of bank assets.
  • Cumulus Media makes $2.4 billion acquisition of larger rival Citadel Broadcasting to become 2nd largest U.S. radio companyJones Day advised Cumulus Media Inc., a leading owner and operator of radio stations in the United States, in connection with its acquisition, and related financing, of Citadel Broadcasting Corporation, a Nevada-based broadcast company, for $2.4 billion, payable in cash and shares of Cumulus.
  • Bank holding company seeks advice regarding potential saleJones Day provided advice to a $3 billion mid-Atlantic public bank holding company regarding its potential sale to an out-of-state buyer.
  • Cardinal Financial acquires banks from FDICJones Day advised Cardinal Financial Corporation, a Virginia-based bank holding company, in connection with the acquisition of various banks from the FDIC, as receiver, including the acquisition of a troubled Southwest Florida bank and concurrent sale of a substantial portion of the bank's loans to an unrelated third party.
  • Timbercreek Asset Management assists foreign buyer in proposed investmentJones Day assisted a foreign buyer in its proposed investment as a lead investor in the United States.
  • Atlanta Financial Services Investors invest in Brand Group HoldingsJones Day advised Atlanta Financial Services Investors, LLC in connection with the $125 million investment in Brand Group Holdings, Inc., the parent company of Brand Banking Company.
  • KeyCorp completes purchase of several bank branchesJones Day assisted KeyCorp with the bid and purchase of over 180 bank branches and over $13 billion of deposits from an undisclosed seller.
  • Ovation Holdings acquires National Bank of Southwest Florida and certain Florida-based assets of Encore BankJones Day represented Ovation Holdings, Inc. and its lead private equity investors Resilience Capital Partners and Primus Capital Partners in connection with its acquisition of National Bank of Southwest Florida and the subsequent acquisition by NBSWF of four Florida-based branch banks of Houston-headquartered Encore Bank N.A.
  • Speaking Engagements

    • January 30, 2018
      Make It Happen! Build Value by Innovating, Buying and Selling. How to Realize Value in a Fast Changing World, Bank Director's Acquire or Be Acquired Conference 2018
    • January 31, 2017
      Should Banks Buy Fintech Companies? Doing Deals with Fintechs and Banks, Bank Director's Acquire or Be Acquired Conference 2017
    • January 27, 2015
      Why and How to Do a Deal -- Learning from Past Successes and Failures, Bank Director's Acquire or Be Acquired Conference 2015
    • January 28, 2014
      Bank M&A — Successfully Meeting Regulatory Challenges, Capital & Economic, Bank Director's Acquire or Be Acquired Conference 2014
    • January 29, 2013
      M&A--Capital Remains King, Bank Director's Acquire or Be Acquired Conference 2013
    • January 31, 2012
      M&A--Planning for Success, Bank Director's Acquire or Be Acquired Conference 2012
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