Bracewell has developed a strong practice representing community banks and thrifts of all sizes, including many with more than $200 million in assets. In fact, since the United States Congress made community banks and thrifts eligible to elect S Corporation status, our attorneys have handled approximately 15% of the bank Subchapter S conversions nationwide.

In helping banks take advantage of S Corporation status, we work with them to maximize the advantages of this option — including specific, preferred income-tax treatment — while ensuring compliance with the various conversion regulations and related corporate, securities and regulatory issues involved in these transactions. We also serve regularly as general, issuer or underwriter counsel in conversions of institutions from mutual to stock form and in follow-on initial public offerings of equity securities.