Davis Polk & Wardwell LLP is advising Westport Capital Partners on the acquisition by its affiliate of a minority equity stake in Community & Southern Bank (C&S Bank), a newly chartered Georgia bank. Westport Capitals investment is part of C&S Banks capital raise in connection with its acquisition of failed First National Bank of Georgia, which includes a loss-sharing arrangement with the Federal Deposit Insurance Corp.
Westport Capital Partners is a Westport, Connecticut-based investment management company.
The Davis Polk corporate team included partner William L. Taylor, associate Scott D. Mitnick and foreign temporary associate Rose Ramsden (not yet admitted), of the New York office, and associate Jeffrey Gould of the Menlo Park office. Partner John L. Douglas provided financial regulatory advice. Except as noted above, all members of the Davis Polk team are based in the New York office.
D.C.