On March 28, 2022, Reich & Tang (“R&T”) and Total Bank Solutions (“TBS”) announced that they have entered into a definitive agreement to combine both companies. Estancia Capital Partners (“Estancia”), a private equity firm based in Scottsdale, Arizona, will have a majority interest upon close. Seward & Kissel is pleased to have represented R&T and Estancia in connection with this financial industry transaction.

Reich & Tang Deposit Networks offers deposit and liquidity solutions to financial intermediaries around the country. Founded in 2010, Estancia Capital Partners is a specialist private equity firm focused on lower-middle market investments in Institutional Quality Asset Management, Wealth Management, Capital Markets Structure and related Business Services and Technology firms. Founded in 2004, TBS is a privately held financial technology firm that serves the needs of banks and wealth management organizations.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “regularly acts for private equity firms, international businesses and financial services companies in a huge variety of domestic and cross-border corporate and financing transactions.”

The company’s press release describing this transaction is available here.