Dechert Advises StoneCastle on Sale to Fiserv

Dechert advised StoneCastle Partners on their definitive agreement to sell StoneCastle Cash Management, a provider of deposit funding solutions for community banks and credit unions, to Fiserv, Inc. (Fiserv), a global leader in payments and financial services technology.

The acquisition enables Fiserv to become a technology-enabled source of billions of dollars in institutional deposits, including from its enterprise customers. By integrating StoneCastle's insured deposit products into its platform, Fiserv will enhance its ability to support financial institutions in strengthening their balance sheets and expanding their account processing, digital banking, payments and cash-management capabilities.

StoneCastle connects thousands of businesses and enterprise customers holding cash balances with a nationwide network of depository institutions, offering stable and cost-efficient deposit funding.

The core Dechert team that advised StoneCastle included corporate partners Ken Young and Allie Wasserman, counsel John Alessi, associate Joshua Kim and tax partner Kevin Zaragoza.

The broader team included corporate associates Ryan Yang, Bryan J.T. Wilson and Patrick Feeney; financial services and investment management partner Corey F. Rose; tax associate Abigail Hopper; employee benefits partner Howard Klein and associate Brie Michaelson; antitrust and competition partner James A. Fishkin and counsel Beverly J. Ang; intellectual property partner Thomas A. Rayski and associate Frank I. Hwang; labor and employment counsel Jeffrey W. Rubin and associate Tanya Warnke; and cyber, privacy and security senior counsel Timothy C. Blank and associate James Smith.

About Dechert

Dechert is the law firm that helps business leaders lead.

For more than 150 years, we have advised clients on critical issues - from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our nearly 1,000 lawyers in commercial centers worldwide are immersed in the key sectors we serve - financial services, private capital, real estate, life sciences and technology.

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