21 04 2016

BB&T Corp. acquires National Penn Bancshares, Inc. for $1.8 Billion

O’Melveny and Wachtell, Lipton, Rosen & Katz have advised on the deal


BB&T Corporation operates banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Kentucky, Alabama, Indiana, Washington D.C., Florida, Tennessee and Texas. The bank, led by Kelly S King, Christopher L Henson, Paul W Johnson, Daryl N Bible and W Bennett Bradley, is based in Winston-Salem (NC). National Penn Bank provides personal and business banking products and services in Pennsylvania and Maryland. The bank, led by Scott V. Fainor, Michael J. Hughes, Sean P. Kehoe, Sandra L. Bodnyk and David B. Kennedy, is based in Allentown (PA). O’Melveny represented BB&T Corp. with a team including Paul Scrivano (Picture), counsel Angola Russell, and associates Sarah Young, Andrew Banks, Noah Kornblith, Jake Israel, Martha Todd, and Kathryn Tague. Partner Bimal Patel advised on bank regulatory matters; partner Christopher Del Rosso and associate Rebecca Cottrell advised on employee benefits matters; partner Michael Schiavone advised on securities law matters; partner Robert Fisher and counsel Billy Abbott advised on tax matters; and partner Charles Bachman and associate Jonathan Fombonne advised on litigation matters.
Wachtell, Lipton, Rosen & Katz has represented  National Penn with a team including Edward D. Herlihy, Matthew M. Guest, Brandon C. Price (M&A) and Jeannemarie O'Brien (Executive compensation). Involved fees earner: Edward Herlihy - Wachtell, Lipton, Rosen & Katz; Matthew Guest - Wachtell, Lipton, Rosen & Katz; Brandon Price - Wachtell, Lipton, Rosen & Katz; Jeannemarie O’Brien - Wachtell, Lipton, Rosen & Katz; Paul Scrivano - O’Melveny & Myers LLP; Angola Russell - O’Melveny & Myers LLP; Sarah Young - O’Melveny & Myers LLP; Andrew Banks - O’Melveny & Myers LLP; Noah Kornblith - O’Melveny & Myers LLP; Jake Israel - O’Melveny & Myers LLP; Martha Todd - O’Melveny & Myers LLP; Kathryn Tague - O’Melveny & Myers LLP; Bimal Patel - O’Melveny & Myers LLP; Christopher Del Rosso - O’Melveny & Myers LLP; Rebecca Cottrell - O’Melveny & Myers LLP; Michael Schiavone - O’Melveny & Myers LLP; Robert Fisher - O’Melveny & Myers LLP; Billy Abbott - O’Melveny & Myers LLP; Charles Bachman - O’Melveny & Myers LLP; Jonathan Fombonne - O’Melveny & Myers LLP;

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