Heith D.Rodman

Of Counsel

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

  • CITGO signs multi-year extension with Synchrony Financial as issuer of CITGO's private label and co-branded consumer credit card programJones Day advised CITGO Petroleum Corporation, a U.S.-based refiner, transporter, and marketer of transportation fuels, lubricants, and petrochemicals, in a multi-year extension of CITGO's U.S. private-label and co-branded consumer credit card program, CITGO Rewards, which will include the benefits of Synchrony Car Care™ and a newly designed CITGO-branded EMV chip-enabled card with Synchrony Financial.
  • ClearList LLC registers as broker-dealer with FINRA and files as ATS with SECJones Day advised ClearList Holdings LLC and its subsidiary, ClearList LLC, regarding the filing of ClearList LLC's new member application with the Financial Industry Regulatory Authority to become a registered broker-dealer, and the filing of a Form ATS with the SEC to create an alternative trading system for the secondary trading of private securities.
  • ClearList Securities LLC registers as broker-dealer with FINRAJones Day advised ClearList Holdings LLC and its subsidiary, ClearList Securities LLC, regarding the filing of ClearList Securities LLC's new member application with the Financial Industry Regulatory Authority to become a registered broker-dealer.
  • Blockchain security company reviews smart contract security audit servicesJones Day advised a leading blockchain security company on commercial contract issues related to the client's blockchain smart contract security audit services.
  • ShareNett Holdings LLC establishes secondary liquidity securities trading platform and invests in ClearList Holdings LLCJones Day advised ShareNett Holdings LLC on broker-dealer regulatory issues for ShareNett's secondary liquidity securities trading platform, as well as its investment in ClearList Holdings LLC, parent company of ClearList LLC, a FINRA-registered broker-dealer and the operator of an alternative trading system for the secondary trading of private company securities.
  • ClearList Holdings LLC partners with Trellis Software for compliance and automation around complex private transaction investmentsJones Day advised ClearList Holdings LLC, the holding company for ClearList LLC, a digital trading platform created to transform price discovery of private company securities and provide liquidity for those securities, in a software license and service agreement with Trellis Software Inc., a company that helps issuers and fiduciaries navigate the private investment process with a digital platform to manage investor onboarding, KYC, document management and other regulatory processes.
  • Corporate trustees seek advice relating to LIBOR transitionJones Day is advising two U.S.-based corporate trustees with respect to portfolios impacted by LIBOR transition and COFI cessation, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
  • 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.
  • tØ.com launches initial coin offeringJones Day is advising tØ.com in connection with their launch of an initial coin offering.
  • PRO Securities LLC responds to inquiries by FINRA and SEC concerning plans to implement blockchain trading platformJones Day represented PRO Securities LLC, a broker-dealer/licensed alternative trading system, in inquiries by FINRA and the SEC concerning plans to implement a blockchain trading platform, including issues regarding compliance with books and records, custody, and trading obligations.
  • 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.
  • 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
    We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.