Case Highlights Importance of ‘Robust Creditor Protections,’ Upholds Key Banking Law Principles

A recent Supreme Court of Virginia decision in favor of FVCbank provides valuable lessons for bankers and could have an impact on banking law outside the state, representatives of the bank and its legal team said.

Michael Nassy, EVP and Chief Credit Officer at FVCbank, said the methodical and thorough way the bank approached legal filings and security agreements throughout its relationship with a borrower was key to the positive outcome for the bank. Moving forward, the bank’s legal…