Stinson Leonard Street Represents Aslin Group and Alterra Bank in Sale to First Business Financial Services
Stinson Leonard Street LLP advised Aslin Group, Inc. and Alterra Bank in a transaction announced today in which First Business Financial Services, Inc. (NASDAQ:FBIZ) will acquire Aslin Group and Alterra Bank, its wholly-owned subsidiary. The cash-and-stock transaction is valued at an estimated $30.1 million.
Alterra Bank and First Business have issued a news release with additional details concerning the transaction.
Stinson Leonard Street's team of attorneys advising Aslin Group and Alterra Bank included: Mike Lochmann, Kyle McCurry, Jason Nonnemaker, and Greg Johnson. Aslin Group was advised by the investment banking firm of Macquarie Capital (USA) Inc. First Business was advised by the investment banking firm of Keefe, Bruyette & Woods, Inc. and the law firm of Godfrey & Kahn, S.C.
The above-named attorneys from Stinson Leonard Street are members of the firm's Banking and Financial Services Division and Financial Institutions Mergers and Acquisitions, which handles mergers and acquisitions, regulatory matters, commercial lending and creditors’ rights for community and regional banks, and large national banks. Stinson Leonard Street has consistently placed near the top of SNL Financial's deal rankings in recent years. In 2012, the firm advised on more bank and thrift mergers and acquisitions, and branch sales, than any other U.S. legal advisor, according to SNL Financial data.
Leawood, KS.-based Alterra Bank, has offered commercial banking services in the Kansas City market since 2010, when a group of private investors led by Aslin Opportunity Fund BK, LP acquired and recapitalized the bank.
First Business Financial Services is a $1.3 billion Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives and high net worth individuals through its operating companies. It is the second largest Wisconsin-based commercial bank holding company listed on NASDAQ or the New York Stock Exchange.
About Stinson Leonard Street
Stinson Leonard Street LLP provides sophisticated transactional and litigation legal services to clients ranging from individuals and privately held enterprises to national and international public companies. As one of the 75 largest firms in the U.S., Stinson Leonard Street has more than 520 attorneys and offices in 14 cities, including Minneapolis, Mankato and St. Cloud, Minn.; Kansas City, St. Louis and Jefferson City, Mo.; Phoenix, Ariz.; Denver, Colo.; Washington, D.C.; Decatur, Ill.; Wichita and Overland Park, Kan.; Omaha, Neb.; and Bismarck, N.D.