Silver, Freedman & Taff, L.L.P. and Elias, Matz, Tiernan & Herrick L.L.P. Combine to Form Preeminent Financial Institution Practice Group

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Elias, Matz, Tiernan & Herrick L.L.P. Logo

WASHINGTON, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Silver, Freedman & Taff, L.L.P. and Elias, Matz, Tiernan & Herrick L.L.P., two of the nation's leading financial institutions specialty law firms have agreed to combine effective January 1, 2014. The new firm, to be known as Silver, Freedman, Taff & Tiernan LLP, brings together each firm's four decades of practice experience to address the unique challenges facing financial institutions and their officers, directors and employees. The combined firm will have acted as counsel to both issuers and underwriters in over 1,000 securities offerings raising more than $40 billion, and acted as counsel for both buyers and sellers in over 800 merger and acquisition transactions totaling in excess of $50 billion in deal value. The combined firm represents hundreds of banks, savings institutions, trust companies and credit unions across the country.

"With this combination, we have assembled under one roof the leading attorneys in our industry," said Bob Freedman, Senior Partner of Silver, Freedman. "We are acutely aware of the needs of our bank and credit union clients, the regulatory environment they face and the strategic paths available to accomplish their goals. This combination expands our capacity and expertise further, and assures our continued ability to fully serve our clients' interests. There is no better fit for adding value to our combined client base."

Ray Tiernan, Managing Partner of Elias, Matz concurs. "The combination of our firms creates an incredible collection of talent and affords us the opportunity to provide advisory services that complement our core practice. Through the combining of our firms, we gain additional depth in not only our securities and regulatory practice, but also in our ability to help structure transactions with start-up and private equity firms, assist management in the establishment of employee benefit and compensation programs, develop and implement corporate defense planning and tactics, and provide real estate, litigation support and tax planning advisory services."

Silver, Freedman, Taff & Tiernan's offices will be located at 3299 K Street, N.W., Suite 100, Washington, D.C. 20007. The firm's telephone number will be (202) 295-4500. All previously existing telephone numbers and email addresses will automatically be directed to the new firm's number or address.

Silver, Freedman & Taff, L.L.P. ("SF&T") is a Washington D.C. based law firm with a national practice. SF&T has provided legal services for over 40 years with a special focus on advising financial institutions, including commercial banks, savings institutions, trust companies and credit unions. We provide expertise in regulatory, corporate and securities, merger and acquisition, employee benefit and compensation matters. As counselors, not just lawyers, we assist our clients in finding solutions that make sound business sense.

Located in Washington, D.C., Elias, Matz, Tiernan & Herrick L.L.P. ("EMTH") has, for more than 40 years, focused its practice on advising private and public companies on matters relating to extraordinary corporate transactions. Acting as special counsel to a national client base, with a focus on the financial services sector, we provide our clients with advice on corporate, securities, financial services, regulatory matters and tax and benefits law. We work closely with financial institutions, private equity funds and other entities by providing sophisticated counsel with respect to initial public offerings, secondary offerings, trust preferred and debt financings, subscription rights offerings and other forms of capital raising. EMTH is frequently noted in the national press as one of the most recognized and recommended law firms in the country that specializes in mutual to stock conversions. In addition, the firm is highly active in the merger and acquisition arena.

CONTACT: Silver, Freedman & Taff, L.L.P. Robert L. Freedman 202-295-4500 Elias, Matz, Tiernan & Herrick L.L.P. Raymond A. Tiernan (202) 347-0300

Source:Elias, Matz, Tiernan & Herrick L.L.P.;Silver, Freedman & Taff, L.L.P.