Stuart C. Stock

Stuart Stock is a partner in the firm’s Financial Institutions Group. He joined the firm in 1974 and became a partner in 1978.

Mr. Stock’s practice encompasses the full range of regulatory and other issues affecting the operations and expansion of domestic and foreign banking and other financial institutions, including bank and bank holding company acquisitions and mergers; bank product and geographic expansion, and other bank regulatory matters; financial institutions enforcement matters; financial institutions legislation; and bank litigation (particularly in the area of federal preemption). He has worked extensively with all four of the federal bank regulatory agencies, as well as with a number of other federal agencies and with many state bank regulatory bodies. In addition, he previously taught banking law and regulation.

Representative Matters

• Representation of Freddie Mac in connection with establishment of Federal government conservatorship.
• Representation of E*Trade Bank in connection with portfolio acquisition and investment by Citadel.
• Representation of Sterling Financial Corporation in connection with regulatory and compliance issues arising from loan scheme at a subsidiary.
• Representation of Freddie Mac in connection with resolution of regulatory issues and litigation growing out of the Company’s $5 billion earnings restatement.
• Representation of Wells Fargo Bank, N.A. and National City Bank of Indiana in litigation in the U.S. Court of Appeals for the Ninth Circuit with respect to federal preemption of efforts by California authorities to regulate mortgage subsidiaries of Wells Fargo Bank and National City Bank.
• Representation of Bank of America, N.A. and Wells Fargo Bank, N.A. in litigation in the U.S. Court of Appeals for the Ninth Circuit with respect to federal preemption of ATM fee ban laws imposed by two California municipalities.
• Assistance to Trustmark corporation in connection with its acquisition of Republic Bancshares of Texas, Inc.
• Representation of Wells Fargo Bank of Texas, N.A., Bank of America, N.A., J. P. Morgan Chase, Bank One, N.A., and other banks in litigation in the U.S. Court of Appeals for the Fifth Circuit with respect to federal preemption of Texas statute banning check-cashing fees.

Honors and Rankings

• The Best Lawyers in America, Banking Law (1996-2009)
• Chambers USA, Financial Services, Regulatory Compliance; Financial Services, Regulatory Enforcement & Investigations (2005-2008)
• International Who's Who of Banking Lawyers (2008)
  

Memberships and Affiliations

• American Law Institute
• University of Virginia School of Law, Lecture in the Law (1986-1989)
  

Publications and Speeches

• "Treasury Releases Additional Information Under the Capital Purchase Program for Private Banks and Bank Holding Companies," Covington E-Alert (11/18/2008), Co-Author
• "Agencies and Enterprises Announce Program to Prevent Foreclosures," Covington E-Alert (11/12/2008), Co-Author
• "The Federal Reserve's Commercial Paper Funding Facility -- Corporate and Other Considerations for Potential Participants," Covington E-Alert (11/5/2008), Co-Author