Session Presenters

Al Doering

Chief M&A Officer

Stearns Bank N.A.

Mike Lochmann

Partner

Stinson LLP

Heather Plumski

Chief Financial & Strategy Officer

Stearns Bank N.A.

Selena Samale

Of Counsel

Stinson LLP

Breakout 5: Lessons Learned From a Cross-Border Acquisition of a Specialty Finance Lender That Became an Operating Subsidiary of a National Bank

Stearns Bank, N.A, purchased a 70% controlling interest in a Delaware corporation engaged in specialty finance lending from a Canadian corporation. It became an operating subsidiary of the bank with increased net interest margins on its U.S. loan portfolio. The panel discusses this cross-border non-bank acquisition’s unusual business, regulatory and tax aspects.

Session Resources