Mark Chorazak is head of Skadden’s Financial Institutions Regulatory Group. He has extensive experience in obtaining regulatory approvals for bank mergers and new bank charters, as well as counseling on other methods of entering the U.S. banking market.
Chorazak provides clients with comprehensive guidance on the full spectrum of banking law matters, including traditional and cutting-edge bank regulatory and legislative issues. His clients range from global and regional financial institutions to fintechs and private equity sponsors.
Chorazak frequently counsels on issues arising under the Dodd-Frank Act, Bank Holding Company Act, Change in Bank Control Act, International Banking Act, Bank Secrecy Act and Bank Service Company Act, among other key U.S. banking laws. He also advises on authority and control questions, fintech and financial innovation issues, chartering and expansionary proposals, corporate governance practices, affiliate transaction restrictions, Volcker Rule issues, anti-money laundering and sanctions compliance, and enforcement actions. In addition, Chorazak counsels on capital and debt offerings and private investments in bank and nonbank financial institutions. He has obtained regulatory approvals on a wide range of transactions, including for some of the largest bank mergers
Lawdragon Honors
| Honor | Year | Practice |
|---|---|---|
| The 2027 Lawdragon 500 Leading Dealmakers | 2027 | Financial Institutions, Regulatory, Fintech |
| The 2026 Lawdragon 500 Leading Dealmakers in America | 2026 | Financial Institutions, Regulatory, Fintech |
| The 2025 Lawdragon 500 Leading Dealmakers in America | 2025 | Financial Institutions, Regulatory, Fintech |
Select representations (including those from prior to joining Skadden) include:
Financial Institutions Regulatory
Bank Chartering
- Paxos in connection with the OCC’s approval of its conversion to a national trust bank
- Opus Bank in its charter formation and related capitalization
Other Regulatory
- Forbright Bank in providing strategic advice on a wide range of regulatory matters related to its business growth plan, with a focus on financing environmentally sustainable businesses
- JP Morgan in providing strategic regulatory advice relating to the sale of its global physical commodities business to Mercuria Energy Group
Mergers and Acquisitions
Financial Services
- BlackRock in its $12 billion acquisition of HPS Investment Partners, LLC
- CI Financial in its $8.7 billion going-private acquisition by an affiliate of Mubadala Capital
- Citigroup in several matters, including:
- its $2.5 billion sale of a 24% stake in Grupo Financiero Banamex to a group of institutional investors and family offices
- its $2.3 billion sale of a 25% stake in Grupo Financiero Citibanamex to a company owned by Fernando Chico Pardo and members of his immediate family
- Bank of America in various noncontrolling investments
- Carlyle in its acquisition of TCW from Société Générale
Fintech
- Discover Financial in Discover Bank’s $10.8 billion sale of its private student loan portfolio to strategic partnerships comprised of investment vehicles and accounts managed by The Carlyle Group Inc. and KKR & Co. Inc.
- Société Générale in its formation of a joint venture with AllianceBernstein relating to their cash equities and equity research businesses
Capital Markets
- Acrisure in the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital
- OSP AFS Buyer, a portfolio company of OceanSound Partners, in its credit facility which provided for $42 million term loan facility, a $15 million revolving facility and an $80 million delayed draw term loan facility with a portion used to finance an acquisition