Mitchell S. Eitel

Partner at Sullivan & Cromwell LLP

Mitchell S. Eitel

Mitchell S. Eitel

Partner at Sullivan & Cromwell LLP

Biography

Mitch Eitel is Managing Partner of our Financial Services Group and a member of the Firm’s Management Committee. He has a broad practice covering the needs of our financial services clients, focusing largely on mergers and acquisitions as well as governance and other corporate, securities and regulatory aspects of transactional matters for banks, asset managers, insurers, broker-dealers, finance and financial technology companies. Mr. Eitel has worked on many of the largest, most complex transactions in the financial services industries, including the major transactions of the Financial Crisis. In addition to transactional work, Mr. Eitel works with our financial services clients on a wide range of regulatory and enforcement matters. These have included subjects such as resolution planning, anti-money laundering, consumer compliance, cybersecurity and other areas of regulatory scrutiny. Law360 has stated that Mr. Eitel “has for years been one of the banking bars preeminent voices.”

Recent Recognitions

* Law360, 2020 MVP and 2016 MVP in Banking
* The Best Lawyers in America, 2018 Financial Services Regulation Lawyer of the Year
* BTI Client Service All-Star Team
* The American Lawyer, “Dealmaker of the Week”
* The American Lawyer, “Dealmaker of the Year”
* The Lawyer: Transatlantic Elite
* Chambers Global: The World’s Leading Lawyers for Business, recognized for Banking & Finance
* Chambers USA: America’s Leading Lawyers for Business, recognized for Financial Services – M&A (Band 1); Financial Services - Regulation (Band 1)
* Lawyers Worldwide Awards, 2017 Global Leading Lawyer
* New York Super Lawyers – recognized for M&A
* Super Lawyers Corporate Counsel Edition – recognized for M&A
* Lawdragon 500: Leading Lawyers in America
* Lawdragon 500: Leading Dealmakers in America
* The Legal 500 United States
* IFLR1000
* The International Who’s Who of Banking Lawyers

SELECTED REPRESENTATIONS
Mr. Eitel’s recent work has included representations of
* American Express in its acquisition of substantially all of Kabbage; and the sales of its Costco co-branded credit card portfolio to Citibank and its JetBlue co-branded credit card portfolio to Barclays
* The Bank of New York in the swap of its retail banking business and JPMorgan Chase’s corporate trust business
* The Bank of New York in its merger with Mellon
* The Bank of New York Mellon in connection with its settlement with Trion
* Bankia S.A. in its sale of its US bank subsidiary to Banco de Credito e Inversiones (BCI)
* Banque J. Safra Sarasin in its acquisition of Bank Leumi Luxembourg’s private banking business and the Monaco and Gibraltar private wealth businesses of Credit Suisse
* Barclays in the acquisition of Lehman Brothers’ brokerage business; in the sale of its Latin American private banking business to Royal Bank of Scotland; in its acquisition of Analog Analytics
* Barclays and JPMorgan in their investment in Cloud9
* Bear Stearns in its sale to JPMorgan Chase
* BMO Financial in its $4.1 billion acquisition of Marshall & Ilsley Corporation
* BNP Paribas and First Hawaiian Bank in the IPO of First Hawaiian
* The underwriters in the IPO of Cadence Bancorp
* CIT Group in its pending all-stock merger of equals with First Citizens BancShares, creating the 19th largest bank in the United States based on assets; and in connection with CIT Bank's $1 billion acquisition of Mutual of Omaha Bank
* CIT Group and IMB Holdco in connection with their merger
* Citigroup in connection with over $20 billion inequity financings during the Financial Crisis
* The Clearing House in connection with its merger with the Financial Services Roundtable to form the Bank Policy Institute
* Fifth Third Bancorp in the creation, spin-out, rights sale and merger of Vantiv
* First Horizon in its merger of equals with IBERIABANK; in its acquisition of Capital Bank
* First Niagara Financial Group in its acquisition of NewAlliance BancShares
* Goldman Sachs in its sale of Goldman Sachs Administration Services to State Street
* HSBC in the sales of U.S. card operations to Capital One; its U.S. retail operations to First Niagara Bank; and its LatAm private banking business to Morgan Stanley
* J.C. Flowers in its investment in IndyMac Bank; investment in HSH Nordbank; purchase of Santander’s Island Finance; and other transactions
* J.P. Morgan Asset Management in its purchase of a minority stake in Global X
* JPMorgan Chase in its spin-off/sale of Highbridge Principal Strategies, an alternative investment management business, to its management team; in its acquisition of the assets of Washington Mutual Bank
* KBW Inc. in its merger with Stifel Financial Corporation
* KeyCorp in the sale of Victory Capital Management; the purchase of Key Capital Markets; and other transactions
* MatlinPatterson in the acquisition of Flagstar Bancorp
* Merrill Lynch in the transaction combining Merrill Lynch Asset Management with BlackRock; in its transaction with Madison Dearborn involving Nuveen Investments
* Metro Bancorp in its merger with F.N.B. Corporation
* NorthStar Asset Management in its acquisition of Townsend Asset Management from GTCR and sale of Townsend to AON
* NorthStar Asset Management in its three-way merger with Colony Capital and NorthStar Realty Finance
* Regions Financial in the sale of Morgan Keegan & Company to Raymond James Financial
* Piper Jaffray in its $485 million acquisition of Sandler O’Neill to form a combined company named Piper Sandler Companies
* The Safra Group in the acquisition of Bank Sarasin
* State Street in the acquisition of Charles River Development
* Stonegate Mortgage in its sale to Home Point Mortgage
* SunTrust Banks in the $66 billion merger of equals with BB&T Corporation; sale of RidgeWorth Capital Management, acquisition of Seix Asset Management; and other transactions
* Susquehanna Bancshares, Inc. in its $2.5 billion acquisition by BB&T Corporation
* The Bank of N.T. Butterfield & Son in its $208 million acquisition of ABN AMRO
* Transactis in its acquisition by Mastercard
* UMB Financial Corporation in the acquisition of Marquette Financial Companies
* U.S. Bank in its acquisition of the $5 billion Charter One franchise from RBS Citizens; in the sale of its ATM processing business; in its settlement with US authorities regarding AML matters
* Wachovia Corporation in its proposed sale to Citigroup and completed merger into Wells Fargo & Co. during the Financial Crisis
* Warburg Pincus in its investments in Webster Financial Corporation and Sterling Financial
* Wells Fargo in the sale of Eastdil Secured; in its sale of 52 branches to Flagstar Bank; in its acquisitions of Analytic Investors and Credit Suisse’s U.S. Domestic Private Banking business
* Wells Fargo in connection with various sales practices matters; in connection with resolution planning matters
Mr. Eitel is a frequent speaker and panelist, particularly in the areas of financial services M&A, regulation and enforcement. He is a member of The American Law Institute and serves as legal counsel to the Archaeological Institute of America.

Overview
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1703

Primary Location

New York City, NY

Number of Awards

50

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Senior Chair at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Managing Partner, Executive Compensation & Benefits Practice Group at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Special Counsel at Sullivan & Cromwell LLP

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Special Counsel at Sullivan & Cromwell LLP

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Mitchell S. Eitel
Partner at Sullivan & Cromwell LLP
Education
AB
Class of 1984
Memberships
Fellow
Current

American Bar Association provides legal services. It provides law school accreditation, continuing legal education, legal information and other services to assist legal professionals. The firm has members which include judges, court administrators, law professors, and non-practicing attorneys. The company was founded on August 21, 1878 and is headquartered in Chicago, IL.

Member
Current

The American Law Institute is the leading independent organization in the United States producing scholarly work to clarify, modernize, and improve the law. ALI drafts, discusses, revises, and publishes Restatements of the Law, Model Codes, and Principles of Law that are enormously influential in the courts and legislatures, as well as in legal scholarship and education.

Career History
Partner
Current

Sullivan & Cromwell provides legal advisory services to financial, healthcare, insurance, real estate, energy, other sectors.

Boards & Committees
Legal Counsel, Board of Trustees
Current
Political Donations
$1,000
2017
$2,700
2016
$1,000
2013
Transactions
Details Hidden

First Horizon Corp. (Tennessee) purchases Iberiabank Corp

Details Hidden

Piper Jaffray Cos. purchases Sandler O'Neill & Partners Corp. from The Carlyle Group LP (Corporate Private Equity), Kelso & Co. LP resulting in a new company Piper Sandler Companies

Details Hidden

CIT Group, Inc. purchases Mutual of Omaha Bank - Nebraska from Mutual of Omaha Insurance Co.

Awards & Honors
2012
Best Lawyers - The Best Lawyers in America
2012
Lawdragon 500: Leading Lawyers in America
2012
Super Lawyers - New York Super Lawyers, Mergers & Acquisitions
Other Affiliations

Mitchell S. Eitel is affiliated with Sullivan & Cromwell LLP, Archaeological Institute of America

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