Linda J. Soldo

Linda J. Soldo’s practice focuses on financial institutions, including with respect to regulatory, supervisory and enforcement matters, as well as transactional matters.

In her regulatory practice, Linda advises financial institutions and their boards and senior management teams with respect to compliance, examinations, investments, corporate governance, supervisory oversight, enforcement proceedings and regulatory issues, including those arising from the implementation of The Dodd-Frank Act.

She advises clients in matters involving the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency. She also has extensive experience counseling financial institutions and corporate clients in complex structured finance transactions, regulated investments and joint ventures, as well as mergers and acquisitions and assisted transactions.

Linda is distinguished as one of the leading lawyers by Chambers USA, Chambers Global and The Legal 500 U.S.

Her selected experience includes:

• Counsel to Bank of America in connection with its $45 billion TARP repayment and its related $19.3 billion securities offering and related asset sales.
• Counsel to The Hartford in its acquisition of a thrift and its successful application to the Treasury’s Capital Purchase Program.
• Counsel to ShoreBank, the largest and oldest community development financial institution in the United States, in its recapitalization efforts, which resulted in the sale of the bank’s assets and liabilities in an FDIC-assisted transaction to a newly capitalized institution.
• Counsel to institutional bidders participating in recent and pending FDIC resolution transactions.
• Counsel to a bank-owned mortgage company with respect to a regulatory investigation concerning HMDA data.
• Counsel to Bank of America on bank regulatory matters in connection with sales of certain of its international private banking operations, including trust accounts, to BNP Paribas.
• Counsel to U.S. bank and thrift holding companies in connection with the issuance of preferred stock and warrants to the U.S. Treasury as part of the Capital Purchase Program, as well as in connection with repurchases by Treasury.
• Counsel to the organizers of a national bank in formation pursuant to a “shelf charter.”
• Counsel to TPG Capital with respect to regulatory aspects of its investment in a troubled financial institution.
• Counsel to Capital One Financial Corporation in connection with regulatory matters relating to its integration of operations acquired in bank acquisitions.
• Counsel to Goldman Sachs Capital Partners in its $260 million minority investment in The First Marblehead Corporation.
• Counsel to the non-management directors of Riggs Bank regarding regulatory, investigative, compliance and related issues involving the Federal Reserve, OCC, FinCEN, Congressional committees and other governmental entities.
• Counsel to Columbus Bank and Trust Company in its settlement with the FDIC relating to alleged unfair and deceptive acts and practices in credit card programs.
• Counsel to a major shareholder of Superior Bank in connection with recapitalization efforts and compliance matters relating to the bank’s ultimate failure and subsequent resolution of issues with the FDIC.
• Counsel for major financial institutions in connection with non-public regulatory investigations by the Federal Reserve, the Financial Crisis Enforcement Network, the Office of Foreign Assets Control, and other federal and state authorities regarding compliance with anti-money laundering requirements and U.S. sanctions programs.

Linda joined the firm in 1981 and was a partner from 1990 to 2011.