Richard Daingerfield


Executive Vice-President and General Counsel
Citizens Financial Group, Inc. (retired)

B.A., Rutgers College
J.D. University of Pennsylvania Law School


Richard Daingerfield has practiced banking law for 35 years. For much of that time, he has concentrated on commercial lending transactions of all types and sizes and the workout of defaulted loans, including commercial and bankruptcy litigation.

Mr. Daingerfield began his career at a prominent NJ law firm before joining the in-house legal department at National Westminster Bank in New York City in 1986. His positions at NatWest and its successors have included SVP & General Counsel of NatWest NJ, EVP & Chief Legal Officer of NatWest Holdings, EVP & Chief Legal Officer of the Royal Bank of Scotland NY Branch (after RBS acquired NatWest in 2000) and, from 2010 until he retired on June 30, 2014, EVP & General Counsel of Citizens Financial Group, Inc. in Boston. Mr. Daingerfield now serves on the board of directors of Peapack-Gladstone Bank, a $3 billion community bank in NJ. He is a member of its executive committee and audit committee and chairs its risk committee. Mr. Daingerfield has held leadership positions in several professional associations and is a frequent lecturer on commercial lending and other financial services topics.


2 credits

This course studies the legal problems involved in negotiating and documenting various types of commercial lending transactions ranging from short-term unsecured loans to secured and long-term financings. The process is followed from the initial identification of a lending opportunity to pre- commitment correspondence and commitment letters, through to the key documents required at closing. The major aspects of a loan agreement, including definitional provisions, representations and warranties, lending provisions, pricing, affirmative and negative covenants, and events of defaults are studied in detail in an effort to insure that each student understands the mechanics of a commercial loan agreement. Security interests in real estate and personal property are addressed. Loan syndications and the loan markets are examined. Issues relating to guaranties and subordination agreements are considered. Overviews of Chapter 11 bankruptcy and lender liability are provided. Provisions of the Bank Holding Company Act relating to financing transactions, legal lending limits, margin requirements, and usury are considered. A lecture and discussion format is employed. Reading assignments include relevant court decisions, articles, and actual transaction documents.

FALL 2016: LAW BK 991 A1 , Sep 6th to Dec 6th 2016
Days Start End Credits Instructors Bldg Room
Tue 2:10 pm 4:10 pm 2 Richard Daingerfield LAW 605
FALL 2017: LAW BK 991 A1 , Sep 5th to Dec 5th 2017
Days Start End Credits Instructors Bldg Room
Tue 2:10 pm 4:10 pm 2 Richard Daingerfield LAW 605
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