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Charlotte May is a corporate associate in the firm’s Washington, DC office. Her practice focuses on advising clients on a broad range of corporate and securities matters, including capital markets transactions, mergers and acquisitions, and securities disclosure and compliance issues.
- Assists clients with respect to transactional matters, including primary and secondary offerings, tender offers, mergers and acquisitions, and similar matters.
- Advises various public companies in the preparation of SEC periodic reports, proxy statements, beneficial ownership reports, and on other securities law compliance matters.
- Recent capital markets transactions include:
- Represented Insmed Incorporated in its public offerings of $402.5 million of common stock and $450 million of convertible senior notes;
- Represented the underwriters on the initial public offering by Origin Bancorp, Inc. with an aggregate deal value of $142.2 million;
- Represented the underwriters in Union Bankshares Corporation’s $301.4 million secondary public offering of common stock; and
- Represented the underwriters in IBERIABANK Corporation’s $100 million public offering of depositary shares.
- Recent M&A transactions include:
- Represented WSFS Financial Corporation in its $1.5 billion acquisition of Beneficial Bancorp, Inc.;
- Represented Veritex Holdings, Inc. in its $1 billion acquisition of Green Bancorp, Inc.; and
- Represented a Union Bankshares Corporation in its $500 million acquisition of Access National Corporation.
Pro Bono
- Advised client focused on rescue animals in Los Angeles in its formation as a California non-profit and 501(c)(3) company.
Memberships and Affiliations
- The Rescue Team, Inc., Board Member
- Study Leader for ABA’s M&A Market Trends Subcommittee Deal Points Study on Carveout Transactions
- Law School Initiative Leader for ABA’s Women in M&A Subcommittee
Previous Experience
- Judicial extern for Hon. Judge Consuelo B. Marshall, U.S. District Court, Central District of California
October 12, 2020
WASHINGTON—Covington represented TriState Capital Holdings, Inc., which entered into a definitive agreement with funds managed by Stone Point Capital LLC to raise $105 million in new capital to finance the continued execution of the company’s high-growth strategy for its TriState Capital Bank and Chartwell Investment Partners businesses. TriState Capital is a ...
Covington Represents CFBanc in Merger Creating Largest Black-Led Minority Depository Institution in U.S.
August 26, 2020
WASHINGTON—Covington represented CFBanc Corporation (“City First”) in its transformational merger of equals with Broadway Financial Corporation (“Broadway”) to create the largest Black-led Minority Depository Institution (MDI) in the nation with more than $1 billion in combined assets under management and approximately $850 million in total depository ...
June 3, 2020, Covington Alert
On May 27, 2020, the Federal Reserve Bank of Boston ("FRBB") posted a number of documents that provide important additional details about its Main Street Lending Program ("MSLP"), including updated FAQs, new required agreements and forms, and new lender and borrower guides. The following summary highlights key FAQ changes and summarizes each of the new MSLP ...
May 4, 2020, Covington Alert
On May 4, 2020, the Federal Reserve Bank of New York (the “FRBNY”) released an updated series of Frequently Asked Questions (“FAQs”) regarding two of the Federal Reserve’s liquidity facilities established to provide financial assistance to businesses impacted by the COVID-19 pandemic: the Primary Market Corporate Credit Facility (“PMCCF”) and the Secondary ...
May 1, 2020, Covington Alert
Yesterday, April 30, 2020, the Board of Governors of the Federal Reserve System announced important changes to the Main Street Lending Program (the “Program”) that it had introduced on April 9, 2020. The changes reflect further information and clarification with respect to the terms and conditions of the Program and address, at least in part, feedback that the ...
April 9, 2020, Covington Alert
Today, the Board of Governors of the Federal Reserve announced the creation of four new liquidity facilities and the expansion of three previously announced liquidity facilities to provide credit to borrowers impacted by the COVID-19 pandemic. Whereas the previously announced programs primarily targeted certain financial markets and their participants (such as ...
March 25, 2020, Covington Alert
The U.S. Congress appears close to finalizing the scale and scope of stimulus legislation to address the economic crisis caused by the COVID-19 pandemic. Although its final shape remains uncertain, it is highly likely to provide for one or more lending programs, loan guaranty programs, and other financing programs administered by the federal government to direct ...
Women in Mergers and Acquisitions Panel Discussion
April 15, 2019, ABA's Women in M&A Subcommittee, Penn Law School
Effects of the Government Shutdown on Public M&A
January 25, 2019, ABA’s Acquisitions of Public Companies Subcommittee Meeting
The M&A Carveout: The Perils and Pitfalls of Partial Divestitures
September 15, 2018, ABA’s Business Law Section Annual Meeting
Women in Mergers and Acquisitions Panel Discussion
September 13, 2018, ABA's Women in M&A Subcommittee, University of TX Law School
August 8, 2018
WASHINGTON—Covington advised Wilmington, Delaware-based WSFS Financial Corporation in its acquisition of Philadelphia-based Beneficial Bancorp, Inc., in a transaction valued at approximately $1.5 billion. This is the second bank M&A deal in two weeks where Covington is representing the acquiring institution. Covington is also representing Dallas-based Veritex ...
January/February 2018, The Corporate Governance Advisor
November 7, 2017, Covington Alert
On November 1, 2017, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the “Staff”) published Staff Legal Bulletin No. 14I (“SLB 14I”), which includes important new guidance regarding the Staff’s administration of the SEC’s shareholder proposal rule.