Donald J. Toumey is a partner in the Firm's General Practice Group and specializes in banking, securities and financial institutions law. He is also a member of the Firm's Diversity Committee. Mr. Toumey has handled numerous applications to federal banking agencies for U.S. and foreign banks, and securities offerings involving U.S. and foreign banks. His specialties include advising U.S. and foreign banks on banking and broker-dealer regulatory matters and on enforcement matters, including with respect to Bank Secrecy Act issues. He is an expert on the “push out” provisions of the Gramm-Leach-Bliley Act. He has also advised on numerous major bank mergers and acquisitions, as well as bank acquisitions of investment management and investment banking firms. Mr. Toumey is a former Special Assistant to the General Counsel of the U.S. Department of the Treasury. Mr. Toumey recently spoke on developments in M&A at a seminar entitled “Hot Topics in Cross-Border Securities Offerings.”

Illustrative of Mr. Toumey's M&A work are his representations of:

• Amsterdam-Rotterdam Bank N.V. in its merger with Algemene Bank Nederland N.V. in 1990
• Australia & New Zealand Banking Group Limited in its acquisition of Amerika Samoa Bank in 2001
• Banco Bilbao Vizcaya Argentaria, S.A. in its acquisition of Texas Regional Bancshares in 2006
• Barclays Bank PLC in its acquisition of a stake in NGP Energy Capital Management and in its acquisition of Juniper Financial Corp. in 2004 and in its acquisitions of the global equity financing unit of Daiwa Securities Co., Ltd. in 1999 and Wells Fargo Nikko Investment Advisors in 1995
• The Bank of Tokyo-Mitsubishi, Ltd. and The Mitsubishi Trust and Banking Corporation when they combined to form Mitsubishi Tokyo Financial Group, Inc. in 2001
• Federal National Mortgage Association (Fannie Mae) in connection with the establishment of a conservatorship by the Federal Housing Finance Agency in 2008
• Grupo Financiero Banamex Accival, S.A. de C.V. (Banacci) in its sale to Citigroup Inc. in 2001
• Grupo Financiero Bital, S.A. de C.V. in its acquisition by HSBC Holdings plc in 2002
• lxe Grupo Financiero in its sale to Brysam Global Partners
• Mellon Bank Corporation in its acquisition of Boston Group Holdings, Inc. in 1993
• Mitsubishi Tokyo Financial Group, Inc. in its merger with UFJ Holdings, Inc. in 2005
• Mitsubishi UFJ Financial Group in its equity investment in Morgan Stanley for a 21 percent interest in the Company and in its “going private” acquisition of the minority shareholdings in UnionBanCal Corporation in 2008
• National City in the private issuance of $8 billion of Common Stock and Common Equivalent Preferred Stock in a transaction where Corsair was an Anchor Investor and in its merger with PNC Financial Services Group in 2008
• Nippon Credit Bank Ltd. in the establishment of a new entity in the U.S. (Eastbridge Capital Inc.) jointly owned by Nippon Credit and the management of Eastbridge in 1993
• Popular, Inc. in its acquisitions of Roig Commercial Bank in 1997, Quaker City Bancorp, Inc. in 2003, Kislak Financial Corporation in 2004, and E-LOAN, Inc. in 2005 and in its investment in Telecomunicaciones de Puerto Rico, Inc. in 1999 and sale of shares of Telecomunicaciones de Puerto Rico to Sercotel in 2006
• Royal Bank of Canada in its acquisition of Phillips, Hager & North Investment Management and in its acquisitions of Alabama National BanCorporation, Daniels & Associates and of the broker-dealer business and certain other assets of Carlin Financial Group in 2007, in its acquisitions of Flag Financial Corp. and American Guaranty & Trust in 2006, Dain Rauscher Corp., Tucker Anthony Sutro and Centura Banks Inc. in 2001, Liberty Life Insurance Co. and Liberty Insurance Services Corp. in 2000, Eagle Bancshares, Inc. in 2002, Admiralty Bancorp, Inc. in 2003 and William R. Hough & Co., Inc. in 2004, in its disposition of Liberty Insurance Services to IBM in 2004 and its disposition of the business of RBC Mortgage to New Century in 2005, and in the establishment of Moneris, a credit card acquiring joint venture in Canada between RBC and Bank of Montreal, in 2000, as well as representing RBC in connection with the proposed merger with Bank of Montreal in 1998 (subsequently abandoned)
• Shawmut National Corporation in its acquisition of Northeast Federal Corp. in 1995
• U.S. Bancorp in its acquisition of Piper Jaffray Companies Inc. in 1998 and Libra Investments, Inc. in 1999

Rankings and Recognition

• Law Business Research: The International Who's Who of Banking Lawyers (2008, 2006, 2005)
• Law Business Research: The International Who's Who of Business Lawyers (2009, 2006, 2005)
• The Lawdragon 500 (2006)
• The Lawdragon 500: Leading Dealmakers in America (2007)
• New York Super Lawyers (2008, 2007)
• The Best Lawyers in America (Banking, 2009, 2008, 2007)

Donald J. Toumey graduated from Williams College (B.A. 1978) and Yale Law School (J.D. 1981). Prior to joining Sullivan & Cromwell, he was the Special Assistant to the General Counsel of the U.S. Department of the Treasury from 1982-1985, concentrating on banking law matters, and was a law clerk for Judge Walter R. Mansfield of the U.S. Court of Appeals for the Second Circuit. He became a partner of the Firm in 1990.