• Nubank application and preliminary conditional approval to establish a national bank
• KeyCorp acquisition of Clearwater UK
• Morgan Stanley on its:
  • application and preliminary conditional approval to establish a national trust bank charter for Morgan Stanley Digital Trust, National Association (MSDTNA)
  • division of Morgan Stanley Capital Services LLC (MSCS) into two separate entities and the subsequent merger of MSCS’s fixed income derivatives business into Morgan Stanley Bank, N.A. (MSBNA)
• Payoneer Global on its:
  • application for a national trust bank charter
  • $2.75 billion sale to Nuvei
• OCC issues interpretive letter on authority to hold crypto-assets for a US national bank
• Klarna Group on its $1.37 billion IPO
• Bullish $1.11 billion IPO
• Advising 10+ leading banks, fintech and digital asset companies on applications to establish de novo banks
• EverBank $200 million subordinated notes offering
• Avidbank Holdings on its $60 million IPO
• Chime on its $993.6 million IPO
• Medallion Bank preferred stock offering
• American Savings Bank $405 million acquisition by an investor group
• UMB Financial $2 billion acquisition of Heartland Financial
• Atlantic Union Bankshares $1.6 billion acquisition of Sandy Spring Bancorp
• Mizuho Financial Group on its:
  • strategic partnership with Golub Capital
  • $550 million acquisition of Greenhill
• Banc of California merger with PacWest and $400 million equity raise
• Testified before the U.S. House Committee on Financial Services at its 2026 hearing, “Future of Payments: Promoting Innovation and Fair Markets,” addressing the regulatory framework governing banking and payments activities in the United States and opportunities to promote innovation and regulatory certainty.
• Testified before the U.S. House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion at its 2023 hearing, “Putting the ‘Stable’ in ‘Stablecoins’: How Legislation Will Help Stablecoins Achieve Their Promise,” regarding the development of a federal regulatory framework for payment stablecoins.

David’s representations before joining Davis Polk include the following:

• Texas Capital Bank on its $3.4 billion sale of BankDirect Capital Finance to Truist
• Cowen on its $1.9 billion acquisition by TD Bank Group
• SMBC Aviation Capital on its $6.7 billion acquisition of Goshawk Aviation
• GreenSky on its $2.24 billion acquisition by Goldman Sachs
• ECN Capital on its $2 billion sale of its Service Finance Business to Truist Bank
• Afterpay on its $29 billion acquisition by Square
• Senior policy advisor to the Treasury Department’s Financial Stability Oversight Council at its launch following the 2010 Dodd-Frank Act, where he helped develop the FSOC’s initial substantive agenda, procedures and governance, and worked on Dodd-Frank implementation and other financial regulatory issues.