Scott advises clients on the interplay of finance and regulatory compliance that drives commerce and governs the business of banks and financial institutions.
Scott combines financial acumen with legal experience to advise banks, holding companies and other financial institutions. He focuses on finance transactions, mergers and acquisitions and regulatory compliance.
Scott advises lenders in real estate finance, construction lending, new markets tax credit finance, historic tax credit finance and working capital lines of credit. Committed to his clients and the community, Scott obtained a wildcard letter from the Missouri Division of Finance authorizing Missouri banks to establish and invest in first and second tier bank operating subsidiaries to make new market tax credit loans to help spur community revitalization.
Scott counsels clients in tax credit finance transactions, representing banks as lenders in connection with new markets tax credit financing of a manufacturing facility, industrial warehouses, the rehabilitation of historic buildings and an urban shopping center.
Well-versed in regulatory compliance for financial institutions, Scott advises clients before the Federal Reserve, OCC, FDIC and state regulators.
He steers financial institutions through the challenging regulations relating to flood insurance, appraisals, highly leveraged transactions (HLT), high volatility commercial real estate lending (HVCRE), community development investments, supervisory loan to value limitations, transactions with affiliates (Reg. W), and loans to insiders (Reg. O).
Scott counsels community banks on mergers, stock purchase agreements, asset purchase agreements and branch sales.
Professionally-focused, Scott is the editor of the Banking and Financial Services division’s alerts and banking law blog, the Vault. He serves on the board of directors of the Kansas Bankers Association's Young Bank Officers of Kansas.
Community-focused, Scott was named Leukemia & Lymphoma Society's Man of the Year in 2009. In 2014, he served as chairman of the organization's largest fundraiser, which raised more than $700,000.
News & Insights
- Press Release10.12.2015
Contributor to “Secured Transactions” Missouri Practice Series: Methods of Practice Transaction Guide, Fourth Edition, West Publishing Company
“California Supreme Court Upholds Bank's Practice of Recouping Overdrafts from Direct Social Security Deposits,” Clarks' Secured Transactions Monthly, Vol. 18, No. 4, April 2009
Scott is a frequent contributor to the Financial Services Division’s monthly newsletter and alerts, writing articles on a wide variety of topics related to financial institution compliance.
“Save a Bunch of Money on FCRA Claims by Learning From Geico,” Clarks’ Secured Transactions Monthly, Vol. 23, No. 4, June 2007
“Federal Financial Regulatory Agencies Issue Guidance on Nontraditional Mortgage Product Risks,” Real Estate Finance, Vol. 23, No. 4, December 2006
Professional & Civic Activities
Professional & Civic Activities
American Bar Association
The Missouri Bar
Kansas Bar Association
Kansas City Metropolitan Bar Association
Missouri Bankers Association
Kansas Bankers Association
- Young Bank Officers of Kansas, Ambassador Board Member
Leukemia & Lymphoma Society, Donor Development Committee
Volunteer Lawyers and Accountants for the Arts, Volunteer
First Hand Foundation Masquerade Ball Court
United Way Young Leaders Society