Regions Bank’s Acquisition of Sabal Capital Partners

Davis Polk is advised Regions Bank on the transaction, while Kramer Levin advised Sabal.

Regions Bank announced its acquisition of Sabal Capital Partners. The transaction is expected to close in the fourth quarter of 2021, subject to obtaining necessary consents from certain governmental agencies and government-sponsored enterprises and satisfaction of customary closing conditions.  

Regions Financial Corporation, with $156 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. 

Sabal Capital Partners operates as a financial service company. The Company specializes in commercial real estate lending and investing services. Sabal Capital Partners serves customers in the United States. 

The Davis Polk financial institutions M&A team includes partners Michael Davis (Picture) and Margaret E. Tahyar and associates Kristy Choi and Alba Baze. The executive compensation team includes partner Kyoko Takahashi Lin and associate Kerri Thompson. The tax team includes partner William A. Curran and associate Yixuan Long. The intellectual property and technology transactions team includes partner Pritesh P. Shah and associate Hilary Smith.

The Kramer Levin team advising Sabal was led by Corporate partner Todd E. Lenson and included partner Howard T. Spilko, and associates Joshua E. Davis, Mark Denton and Jackson D. Mann; Employment Law partner Robert N. Holtzman; Executive Compensation and Employee Benefits special counsel Avram J. Cahn; Tax partner Barry Herzog and associate Mariya Khvatskaya; and Technology and IP Transactions partner Harry Rubin and counsel Randal D. Murdock.

Involved fees earner: Alba Baze – Davis Polk & Wardwell; Kristy Choi – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Michael Davis – Davis Polk & Wardwell; Yixuan Long – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Hilary Smith – Davis Polk & Wardwell; Margaret Tahyar – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Kerri Thompson – Davis Polk & Wardwell; Avram Cahn – Kramer Levin Naftalis & Frankel; Joshua Davis – Kramer Levin Naftalis & Frankel; Mark Denton – Kramer Levin Naftalis & Frankel; Barry Herzog – Kramer Levin Naftalis & Frankel; Robert Holtzman – Kramer Levin Naftalis & Frankel; Mariya Khvatskaya – Kramer Levin Naftalis & Frankel; Todd Lenson – Kramer Levin Naftalis & Frankel; Jackson Mann – Kramer Levin Naftalis & Frankel; Randal Murdock – Kramer Levin Naftalis & Frankel; Harry Rubin – Kramer Levin Naftalis & Frankel; Howard Spilko – Kramer Levin Naftalis & Frankel;

Law Firms: Davis Polk & Wardwell; Kramer Levin Naftalis & Frankel;

Clients: Regions Bank; Sabal Capital Partners;

Author: Alejandro Girola