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Randy Benjenk

Partner

Washington +1 202 662 5041

  • About
  • Representative Matters
  • Credentials
  • About

    Randy Benjenk is a partner in Covington’s industry-leading Financial Services Group and focuses his practice on regulatory advice and advocacy. He represents domestic and foreign banks, fintech companies, and trade associations on compliance issues, corporate transactions, and public policy matters.

    Chambers USA says Randy has received “widespread praise” from clients, who describe him as “excellent” and say that “the quality of his legal work and his writing abilities were incredible” and “he’s very easy to work with, knowledgeable and efficient.”

    Randy regularly advises clients on a wide range of regulatory matters, including:

    • Bank Activities and Prudential Regulation. Complex bank activities, structure, licensing, and prudential matters, often involving issues of first impression at the federal and state banking agencies.
    • Corporate Transactions. Mergers and acquisitions, spinoffs, charter conversions, debt and equity issuances, investments, strategic partnerships, de novo bank formations, and related regulatory applications and disclosures.
    • ESG and Anti-ESG Laws. Strategies for confronting the growing thicket of laws addressing the financial services industry’s Environment, Social, and Governance positions.
    • Private Equity Investments. Private equity investments in banks, bank investments in private funds, and fund structuring related to the Volcker Rule and Bank Holding Company Act.
    • Public Policy Matters. Regulatory and legislative policy matters, with an emphasis on changes arising out of U.S. banking legislation and international standards.
    • Crisis Response. Navigating extraordinary events, such as the COVID-19 pandemic and related governmental responses, and firm-specific matters.
    • Supervisory and Enforcement Matters. Compliance and safety and soundness issues that arise in the examination and enforcement contexts.

    Areas of Expertise

  • Practices and Industries
  • Representative Matters
    • Helped secure regulatory approval for the merger of City First Bank and Broadway Federal Bank, which created the largest Black-led bank in the country.
    • Represented WSFS Financial Corporation in multiple transactions, including its $975 million acquisition of Bryn Mawr Bank Corporation and $1.5 billion acquisition of Beneficial Bancorp, Inc.
    • Advised multiple clients on the formation of de novo banks.
    • Represented foreign nationals in their acquisition of a U.S. bank in a highly contested sale under section 363 of the Bankruptcy Code.
    • Counseled leading trade associations in their responses to regulatory and legislative proposals.
    • Advised a large bank in its precedent-setting conversion.

    Areas of Expertise

  • Credentials
    Education
    • Harvard Law School, J.D., 2012
        • cum laude
    • Binghamton University, B.A., 2009
        • summa cum laude
    Bar Admissions
    • District of Columbia
    • New York
    Pro Bono
    • Representation of City First Enterprises on bank regulation and corporate governance matters.
    • Representation of Washington Area Bicyclist Association in local policy advocacy.
    • Representation of international NGO clients on global policy issues.
    Accolades
    • Chambers USA, Financial Services Regulation: Banking (Compliance) (2020-2023)

    Areas of Expertise

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