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Frank A. Mayer, III, is a partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the Philadelphia office. Mr. Mayer focuses his practice on counseling regulated business enterprises including tax-exempt organizations, with a special emphasis on financial institutions.
Mr. Mayer is well-versed in the areas of bank regulations, international banking, bank insolvency, receiverships and related business disputes, public finance and corporate finance. His clients represent an array of industries, including financial institutions, health care, real estate, telecommunications, sports, utilities and energy.
Mr. Mayer's representative engagements include:
Financial Services
- representing money center financial institutions and super regional banks and financial
institutions in connection with:
- counseling regulatory: regulatory applications; Reg Y, Section 23A and 23B; Reg DD, Truth
in Savings Act, Fair Credit Reporting Act; de novo, trust powers, financial holding
companies, banking holding companies, Bank Secrecy Act, anti-money laundering, cash
management, depository products, escheat, OCC, FDIC, federal reserve issues including
enforcement and supervision; merger and acquisition, audit committee and governance
issues; distressed debt and ORE issues; UCC Article 3 and Article 4 controversies
- international: trade finance, global supply chain finance, structured finance and letter of
credit controversies
- public and government finance: credit enhancement, direct pay letters of credit, deposit
insurance and credit insurance products; representing financial institutions in connection
with transactions, for example, with the Delaware River Port Authority, Pennsylvania
Turnpike Commission, City of Philadelphia and the Philadelphia Archdiocese
serving as lead counsel to the receiver for the largest pre-Madoff SEC receivership in
connection with a $4 billion Ponzi scheme with more than 100 financial institution victims,
which has returned to date in excess of 90 percent of approved claims
conceiving and developing the theories of the case resulting in the federal jury handing up a
verdict in excess of $32 million against a broker dealer and other financial institutions,
finding them complicit and conspirators in a Ponzi scheme which damaged more than 100
financial institution victims.
Public Policy and Public Private Partnerships
- representing Thomas Jefferson University in connection with its sale of Thomas Eakin’s
painting “The Gross Clinic” for $68 million and developing the strategy to defeat the City of
Philadelphia’s attempt to designate the work as an historic object
Pepper Hamilton LLP 2
- acting as counsel to United States Senator Arlen Specter and Governor Edward G. Rendell
in connection with regional health system issues
- acting as lead counsel to Microsoft, Inc. in connection with the Philadelphia School District
flagship project “School of the Future”
- being instrumental in the formation of the Delaware River City Corporation designated as
the lead redeveloper of the North Delaware River front
- serving as chief counsel to the transition team for City of Philadelphia Controller Alan
Butkovitz
- acting as counsel to employees of the City of Philadelphia in connection with an
investigation by the government
- successfully representing Doylestown Borough (PA) in achieving its goal of maintaining the
Bucks County, Pennsylvania, court house in the center of the Doylestown Borough business
district
- acting as special counsel to the City of Philadelphia and the Philadelphia Industrial
Development Corporation in connection with the more than $1 billion Philadelphia Eagles
football stadium and the Philadelphia Phillies baseball park
- while serving as its corporate chair, represented the City of Philadelphia in connection with
the designation of the Tiffany masterpiece “Dream Garden” as an historic object in
connection with an estate sale. Also defeated the attempted move of the piece to a Las
Vegas casino, which resulted in maintaining the installation in its original Philadelphia
location.
Mr. Mayer began his career in private practice, and later was a partner with several Philadelphia law firms. In 1991, he joined the Federal Deposit Insurance Corporation (FDIC), where he was a senior attorney and acted as senior counsel for the Resolution Trust Corporation (RTC). His FDIC and RTC assignments included acting as a bank closing attorney, as general counsel to bank conservatorships and receiverships, the litigation of complex multi-state financial institution-related civil actions, and service on the National Bank Fraud Working Group. After six years with the FDIC, he then became a consultant with the AXA Group, counseling the company on federal and state legislation of interest to financial institutions, insurance companies and investment banking
firms.
Mr. Mayer joined then-Philadelphia Mayor Edward G. Rendell’s staff and was corporate chair of the Philadelphia Law Department, where he supervised 20 deputies and a team of 225 attorneys and staff in the Commercial, Health and Human Services, Tax and Regulatory Affairs Units. Mr. Mayer
then served on Mayor Rendell's gubernatorial campaign as co-chair of its Tax Policy Committee and as a member of its Finance Committee. Mr. Mayer also counsels business enterprises with respect to their relationships with federal, state and local government. He chaired Philadelphia Mayor Michael
A. Nutter's transition team for the Office of the Finance Director, and helped lead the transition team with respect to Philadelphia’s Law Department.
Mr. Mayer serves on the Philadelphia Revenue Commissioner’s advisory board, as well as the boards of the Economy League of Greater Philadelphia, the Delaware River City Corporation and Lorman Education Services, for which he participates in the approval of the granting of the Certificate of
Banking Compliance.
Mr. Mayer is a frequent author and speaker. His recent articles and engagements include:
- “FDIC Deposit Insurance,” Journal of Bankruptcy Law and Practice (March 11, 2009)
- “Ponzi Scheme Receiverships and Victim Remedies” The Legal Intelligencer (March 2, 2009)
- “Current Lending Problems and Trends: Are You Ready for the FDIC Exam?” Lorman
Education Services Audio Conference (December 17, 2008)
- “FDIC’s Role When a Financial Institution Fails: What Businesses and Bankers Need to
Know,” Lorman Education Services Audio Conference (November 14, 2008)
- “Facing Regulators at Home and Abroad,” Martindale-Hubbell Counsel to Counsel Forum,
Philadelphia, PA (May 7, 2008)
- “Tax and Liability: Business and Corporate Reasons for Particular Entity Selection,” Lorman
Education Services Seminar, Philadelphia, PA (April 24, 2008)
- “Commercial Real Estate Financing,” Lorman Education Services Seminar, Philadelphia, PA
(March 28, 2008)
- “Anatomy of a Stadium Deal,” speaker, Philadelphia Real Estate Club (March 20, 2008)
- “Risk Guidance on Commercial Real Estate Concentrations,” Lorman Education Services
Audio Conference (February 2008)
- “Stadium Financing: Where We Are, How We Got Here and Where We Are Going,”
Vol. 12, Villanova Sports and Entertainment Law Journal, Issue 2 (2005).
Mr. Mayer is a graduate of Temple University (B.B.A. 1974), the Duquesne University School of Law (J.D. 1977), and the Villanova University School of Law (LL.M. in taxation 1985). He is admitted to practice in Pennsylvania and before the United States Supreme Court, the Pennsylvania Supreme Court, the U.S. District Court for the Eastern District of Pennsylvania, the U.S. Court of Appeals for the Third Circuit, the U.S. Court of Federal Claims and the U.S. Tax Court.
FRANK A. MAYER III with Buchanan Ingersoll & Rooney PC, focuses his practice on complex business and commercial transactions in the areas of corporate finance, regulatory law, technology, administrative law, government affairs, insolvency, banking and finance, workouts, mergers and acquisitions, nonprofit and corporate reorganization, and tax issues. Mr. Mayer also counsels business enterprises with respect to their relationships with federal, state and local government. His clients represent an array of industries, including health care, real estate, telecommunications, sports, utility and energy. Prior to joining Buchanan Ingersoll, Mr. Mayer was a partner with a Philadelphia-based law firm where he concentrated his practice on business and commercial transactions in both the public and private sectors. Before that, he was corporate chair of the Philadelphia Law Department, where he supervised 20 deputies and a team of 225 attorneys and staff in the commercial, health and human services, tax and regulatory affairs units. Mr. Mayer served on the Rendell for Governor Campaign as co-chair of its Tax Policy Committee and is a member of its Finance Committee. He began his law career in private practice and moved on to become a partner with several Philadelphia law firms. In 1991, Mr. Mayer joined the FDIC and litigated complex multistate financial institution-related civil actions. After six years with the FDIC, he then became a consultant with AXA Group, counseling the company on federal and state legislation of interest to financial institutions, insurance companies and investment banking firms. He then joined then-Philadelphia Mayor Edward Rendell's staff.
During his service with the FDIC, Mr. Mayer was honored with Sustained Superior Performance, Merit and Incentive awards. He was presented with the Philadelphia Bowl award by then-Mayor Edward G. Rendell when he left service with the city of Philadelphia. He has been named a Pennsylvania Super Lawyer in the area of banking law each year since the designation was established in 2004.
Buchanan Ingersoll has had 33 attorneys selected as Pennsylvania Super Lawyers in 2006 and 2007. Mr. Mayer is admitted to practice in Pennsylvania, the Pennsylvania Supreme Court, the U.S. District Court for the Eastern District of Pennsylvania, the U.S. Court of Appeals for the 3rd Circuit, the U.S. Court of Federal Claims, the U.S. States Tax Court and the U.S. Supreme Court. He is affiliated with the Pennsylvania Association of Bond Lawyers, the Philadelphia Bar Association, the Bankers' Association for Finance and Trade, the Philadelphia Council for Business Economics, the National Association of Business Economics, the Philadelphia Securities Association, the Foreign Policy Research Institute, the Pennsylvania Society and the SEPTA Regional Economic Impact Advisory Committee. Mr. Mayer is a member of the Economy League of Greater Philadelphia and is on the advisory board of the Philadelphia Revenue Commissioner. He earned his B.B.A. degree, with honors, from Temple University; his J.D. degree from Duquesne University; and his LL.M. degree in taxation from Villanova University School of Law. He may be reached by phone at 215-665-3815 or by email at frank.mayer@bipc.com.
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