Thomas L. Hofstetter chairs Schenck, Price, Smith & King's Banking & Finance Practice Group and is also a member of both the Commercial Restructuring and Workouts and Corporate Practice Groups. In addition to his admissions to the New Jersey and Pennsylvania courts, he is a member of the United States District Court of New Jersey and the United States Tax Court. Mr. Hofstetter began his career as a staff attorney at the United States Securities and Exchange Commission, served as a Counsel/Section Chief for the Federal Deposit Insurance Company (FDIC), and was General Counsel of a community bank.
Prior to joining to Schenck, Price, Smith & King, LLP in 2002, he was a partner in a well-known New Jersey law firm where he concentrated his practice in the areas of corporate transactions and lending.
In his practice today, his primary industry focus is his work as a transactional corporate attorney representing institutional lenders, entities, and individuals in commercial and loan transactions and regulatory matters. Financial institutions and borrowers rely on Mr. Hofstetter’s substantial counseling experience in all aspects of lending with emphasis on government guaranteed loans, including US Small Business Administration (SBA) and US Department of Agriculture (USDA) finance transactions. He regularly assists financial institutions and borrowers with the structuring of institutional loans, compliance with financing regulations and procedures, loan closings, and workouts.
Further, Mr. Hofstetter is a closing lawyer for over 20 banks and is a designated closing counsel for a Certified Development Company (CDC).
Areas of Concentration
Banking, commercial transactions, loans, financial regulatory compliance, land use, leasing matters, franchise matters, restructures, workouts, counseling financial institutions and borrowers in all aspects of government guaranteed loans, institutional loans, compliance, loan closings, regulatory deals, United States Small Business Administration, programs involving the United States Small Business Administration (SBA) including 7(a) and 504 finance transactions, and USDA B & I loans; interpretations involving SBA rules and regulations, SBA repurchases.
- Numerous transactions and closings with emphasis on SBA 7(a) and 504 closings