Hunton & Williams LLP Represents Sabadell United Bank in Acquisition of Lydian Private Bank in Florida

Miami, FL — August 22, 2011 — Hunton & Williams LLP represented Sabadell United Bank in the closing of Sabadell's acquisition of Lydian Private Bank, a wholly owned subsidiary of Lydian Holding Company, from the FDIC as receiver. The acquisition expands Sabadell’s combined operations to nearly $4 billion in assets and expands its network of branches to 25 locations in six counties in Florida.

The Hunton & Williams team involved lawyers from various offices. The team included partners Peter Weinstock from Dallas and Fernando C. Alonso from Miami; senior associate Heather S. Archer from Washington; and associates Sarah Klee from Miami and Jeremy S. Lemmon from Dallas.

"We are pleased to have helped shepherd Sabadell through the process of acquiring a bank from the FDIC as receiver," said Weinstock. "This acquisition is the third time we have represented the winning bidder in the last four weeks in an FDIC-assisted transaction. Overall we have represented bidders in FDIC-assisted transactions in more than 4 percent of all such transactions since 2007, and our lawyers have been involved in more than 100 FDIC-assisted transactions over the last 25 years."

The acquisition of Lydian Private Bank gives Sabadell greater private banking and wealth management services throughout the State of Florida. "This strategic acquisition supports Sabadell United Bank's growth plans in Florida," said Alonso. "Florida continues to attract investment from local and international financial institutions; opportunities to acquire or invest in banks that require capital remain attractive."

Sabadell's internal legal team was led by Anna Oestereicher, its US general counsel, and Maria Antonia Santaella. The Hunton & Williams team worked closely with Keefe, Bruyette & Woods, which served as investment advisor on the deal.

About Hunton & Williams LLP

Hunton & Williams LLP provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to more than 900 lawyers serving clients in 100 countries from 19 offices around the world. While our practice has a strong industry focus on energy, financial services and life sciences, the depth and breadth of our experience extends to more than 100 separate practice areas, including bankruptcy and creditors rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and information management.

About Sabadell United Bank

Sabadell United Bank is a commercial bank headquartered in Miami, Florida that is focused on providing business and personal banking services. Banco Sabadell (one of Spain’s largest banking groups) acquired the banking operations of Mellon United National Bank in mid-January 2010. The legal name of the bank was changed to Sabadell United Bank, N.A. This new name combines the strength and innovation of Banco Sabadell, a leading international financial group, with the tradition and experience of Mellon United National Bank. In August 2010, TransAtlantic Bank (an affiliate of Banco Sabadell since 2007) merged into Sabadell United Bank creating the 10th largest Florida-based financial institution.