Parsippany, NJ, July 01, 2015 - Day Pitney represented Hudson Valley Holding Corp. in its completed merger with Sterling Bancorp in a stock-for-stock transaction valued at approximately $539 million, based on the closing price of Sterling Bancorp common stock on November 4, 2014. The merger combines two strong, successful banks to form an institution with approximately $11.2 billion in assets, $6.9 billion in gross loans and over $8.4 billion in deposits, serving the dynamic metropolitan region comprising New York City, Westchester County, the Hudson Valley, Long Island and New Jersey.
Ron Janis led the Day Pitney team, which also included counsel Richard Leu as well as partner David Doyle, who handled employee benefits, and partner Stephen Ziobrowski and counsel Andrew Wogman, who guided tax aspects.
Day Pitney also recently advised Valley National Bancorp in the acquisition of CNL Bancshares for $207 million in stock and Community National Bank in its $141 Million Acquisition by Bridge Bancorp.
Day Pitney Press Release
Day Pitney Multistate Tax Practice Chair Scott Brian Clark was recently appointed to Bloomberg Tax's State Tax Advisory Board.
In February 2023, Day Pitney represented a Singapore-based investment management firm in connection with the formation of an ERISA “hardwired” master-feeder fund structure focused on investing primarily in the Australian resources sector using a long/short investment approach.
In April 2022, Day Pitney represented a Singapore-based investment management firm in connection with the formation of an ERISA "hardwired" master-feeder fund structure focused on investing primarily in Asian healthcare companies.
Day Pitney Partners Gretchen Blauvelt-Marquez, Michael Fitzpatrick, James Leva, Nicole Magdiziak and Thomas O'Mullane's promotion to partnership and Partner Todd Terhune's arrival to the firm were featured in the New Jersey Law Journal's New Partners Yearbook 2023.
Day Pitney Multistate Tax Practice Chair Scott Clark has joined the Harness Tax Advisory Council (HTAC) as a HTAC Member.
In December 2022, Day Pitney represented a state pension fund in connection with a $500 million investment in a closed-end "fund of one" formed by an asset management company focused on direct private credit opportunities in the form of senior, mezzanine and opportunistic loans to lower middle market companies.
Day Pitney Tax Partner Justin Hannan and Tax Associates Mariano Beecher and Emily Byrnes authored the article, "Seven States Introduce Legislation Aimed at the Wealthy," for WealthManagement.com.
Day Pitney Alert
Day Pitney Trusts and Estates Attorneys Andrew M. Nerney and Anna Rothfus Merin authored the article, "'Standing' Up For Refunds For Deceased Taxpayers," for WealthManagement.com, which discusses a recent court ruling detailing missteps in a claim to recover an income tax overpayment.