Douglas P. Faucette is a banking attorney in Locke Lord Bissell & Liddell’s corporate department.
Faucette has more than 30 years of experience representing publicly and privately held companies in a variety of corporate and securities transactions. He has represented financial services companies, including insurance, investment banking and real estate companies, commercial banks, savings associations and credit unions before the U.S. Securities and Exchange Commission, the federal and state regulatory agencies and the U.S. Congress. In the past decade, he has been involved in the passage of all major financial institution legislation including FIRREA and FDICIA.
Widely-known throughout the financial services industry for his regulatory/M&A and thrift demutualization practice, Faucette has been involved in the demutualization of almost every savings institution in the country with assets in excess of $1 billion. In addition, he has advised clients on matters relating to private and public securities offerings, including initial public offerings and venture financing, mergers and acquisitions, and the structuring of executive and employee compensation.
Previously, Faucette served in various senior governmental positions, including tenure as the Director of the Securities Division at the Federal Home Loan Bank Board (the predecessor of the Office of Thrift Supervision, a Bureau of the U.S. Department of the Treasury) for more than ten years.
Faucette is frequently quoted in the national media and has appeared on such television programs as the CBS Evening News with Dan Rather and the MacNeil-Lehrer Report. He has authored numerous articles and has given presentations on an array of topics at hundreds of conferences and seminars.
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“Maintaining Your Mutuality,” Massachusetts Bankers Association’s Mutual and Stock Institutions Conference, Westborough, Massachusetts (February 2008).
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“Hedge Fund Acquisition Activity in the Financial Services Industry,” Bank Director Magazine Acquire Or Be Acquired Conference, Scottsdale, Arizona (January 2008).
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Co-Author, “National Insurance Act of 2007 & Demutualization of Insurers: The Devil Is In The Details,” Federation of Defense & Corporation Counsel (FDCC) Quarterly (Fall 2007).
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“Pre-Merger Director and Executive Compensation Planning,” Bank Director Magazine Bank Executive & Board Compensation Conference, Dallas, Texas (November 2007).
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“Go-Shop Merger Provisions May Catch On In Connecticut,” The Commercial Record (November 2007).
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“Latest Trends in Compensation and Benefits,” New York Bankers Association Annual Convention, Palm Beach, Florida (October 2007).
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“Current Issues in Mergers & Acquisitions,” New York Bankers Association 27th Annual Bank Counsel Seminar, Albany, New York (September 2007)
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“Best Practices for Thrift Demutualization,” Video Leadership Seminar (August 2007).
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“Cultivating Expansion Through Unconventional Merger & Acquisition Combinations,” New Jersey League of Community Bankers Annual Convention, Scottsdale, AZ (May 2007)
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“Developments in Strategic Compensation and the Impact on the Bank Director Deliberation Process,” Massachusetts Bankers Association Annual Convention, Naples, FL (April 2007)
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“Current Trends in Executive Compensation and Benefits,” New York Bankers Association Annual Convention, Phoenix, AZ (November 2006)
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“People’s Bank Making Headlines With Second-Stage Conversion,” The Commercial Record (October 2006)
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“Dealing With Activist Shareholders,” America’s Community Bankers Annual Convention, San Diego, CA (October, 2006).
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“Self-Assessment: A Strategy for Dealing with Shareholder Activists,” Community Banker (October 2006).
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“Current Issues in Executive Compensation and Benefits,” New Jersey League of Community Bankers Senior Management Conference, Galloway, NJ (September 2006).
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“Current Issues in Executive Compensation and Benefits,” Pennsylvania Association of Community Bankers Annual Convention, San Diego, CA (September 2006).
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“Current Issues in Executive Compensation and Benefits,” New York Bankers Association Senior Management Conference, New York (June 2006).
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“Liability of Directors and Officers of Non-Public Banks and Holding Companies as a Result of Sarbanes Oxley,” Pennsylvania Association of Community Bankers Spring Conference, Washington, DC (June 2006).
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“Commentary: New Countermeasures in Combating ‘Wolf Pack’ Tactics,” SNL Financial (December 2005).
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“Current Developments Affecting Bank Markets, Consolidation and Capital Raising,” Illinois League of Financial Institutions Convention, Naples, FL (September, 2005).
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“Minimizing and Insuring Against Director and Officer Personal Liability in the Post Sarbanes-Oxley Era,” Pennsylvania Association of Community Bankers Convention, Banff, Canada (September, 2005).
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“Tips for Preserving Mutuality,” Community Banker (July 2005).
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“Maintaining Your Mutuality,” Massachusetts Bankers Association Seminar, Framingham, MA (May 2005).
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“Mutual Preservation Program,” American Community Bankers Conference, Washington, DC (March 2005).
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“Sarbanes Oxley Aftermath - Heightened Director Duties in Determining Executive Compensation,” Community Bankers Association of New York State Convention (November 2004).
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“Heightened Director Responsibilities In Setting Executive Compensation,” Community Banker (October 2004).
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“The Mutual Holding Company Comes of Age,” Community Banker (June 2004).
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“Strategic Growth Opportunities for Financial Institutions - Taking the Next Step, ” Financial Managers Society Seminar (May, 2004).
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“New SEC Rules and the Impact on Your Company,” Massachusetts Bankers Association Seminar, Framingham, MA (March 2004).
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“Review of Director Responsibilities and Board Governance Standards,” Washington, D.C. (November 2002)
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Co-Author, “The Private MHC: Minimizing the Activists’ Bite While Enhancing Competitiveness,” Connecticut Banking Magazine (Second Quarter 2002).
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“The Value of Private Mutual Holding Companies,” Community Banker (April 2002).
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“New United States Anti-Money Laundering Law Changes International Banking Rules,” Financial Regulation International (December 2001).
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Co-Author, “FASB's New Accounting Rules: A Receipt For Profitable Business Combinations,” Financial Regulation International (November 2001).
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“Basel Committee's Attempt to Improve Internal Audit Standards,” Financial Regulation (October 2001).
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“The Mutual Holding Company - the Modern Mutual Structure,” Hoosier Banker (September 2001).
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“The Equitable Right of Redemption: Why an Old Legal Concept is Causing FDIC-Insured Institutions New Problems in Their Desire to Securitize Assets,” Financial Regulation International (September 2001).
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“The SEC issues amendment to International Disclosure Standards,” Financial Regulation International (July/August 2001).
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“United States Securities and Exchange Commission Overhauls auditor independence rules,” Financial Regulation International (June 2001).
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“The Use of Charitable Foundations in Corporate Reorganizations: What Insurers Can Learn from the Thrift Industry,” Federation of Insurance & Corporate Counsel Quarterly (Summer 2001).
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“United States Securities and Exchange Commission adopts Householding rules for Proxy and Information Statements,” Financial Regulation International (May 2001).
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“The Federal Reserve issues its final rule on foreign banking organizations becoming financial holding companies,” Financial Regulation International (April 2001).
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Co-author, “Establishing a Charitable Foundation: The Benefits to Financial Institutions,” Community Banker (February 2001).
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“Could GLB be a 'Wolf in Sheep's Clothing,” National Underwriter (June 19, 2000).
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“Gramm-Leach-Bliley Act Extends Business Options for Mutual Insurance Companies,” Legal Background (May 12, 2000).
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“The Impact of Convergence and the Gramm-Leach-Bliley Act on the Insurance Industry,” George Mason University Law Review (2000).
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“Deserving a Share,” Best's Review (November 1999).
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“Post-Conversion Choices,” Community Bankers Association of New York State (September, 1997)
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“Recapitalization of Savings Institutions in the Garn-St. Germaine Era: The FHLBB's New Mutual to Stock Conversion Regulations,” Legal Bulletin (May 1993).