(6 Total References)
Team Experience - John ...
Team Experience - John Cresto and Ryan Kastner
¨ John Cresto, President
¨ email: email@example.com
is trained as an attorney, but no longer practices law.
He began his private practice with Schillerstrom & Cresto, LTD, a firm that he founded in Naperville Illinois.
John was also a partner with McBride, Baker & Coles, and Seyfarth & Shaw in Chicago, Illinois.
twenty plus year legal career, he
regularly counseled financial institutions in the structuring and documentation of financing transactions and commercial work out and litigation.
also represented residential and commercial real estate developers in the acquisition, development, and disposition of real estate.
has represented publicly traded real estate investment trusts in the acquisition and disposition of commercial properties and counseled them in connection with their financing needs.
Since founding Bank Advisors, Ltd. in 2003, John has been focused on providing advisory services to local community banks.
Seyfarth Shaw | 3 | In the News
Newly hired attorneys in Chicago, include: Frances P. LaFleur, 39, partner; John J. Cresto, 44, partner; Steven R. Lifson, 41, partner; and Paul R. Simons, 36, associate.
...John J. Cresto joins Seyfarth Shaw as a partner.Cresto has extensive experience in financial services, mergers and acquisitions, and the development and implementation of employee stock ownership plans (ESOP).He
regularly advises ESOP lenders, corporations and trustees, as well as numerous banks and other lenders, on financing structures for ESOP transactions.Cresto
makes regular presentations regarding ESOPs and ESOP
financing at seminars, including annual national conventions of the ESOP Association and National Center for Employee Ownership
.He joins the firm from McBride Baker & Coles, where he was a partner and founding member of the ESOP Team.
has developed a strong track record and a positive reputation in the employee benefits arena, which is a credit to the quality and dedication of the attorneys who made it happen," Cresto
MDI Iinvestments - Our Professional Network
Bank Advisors, Ltd. ("BA") is a boutique community bank consulting firm formed in 2003 by John Cresto.
John J. Cresto Web Bio
John J. CrestoEmail
...John J. Cresto
bioLogo.JPG (9714 bytes)
is a partner in the Chicago office.
Employees Stock Ownership Plans.Mr. Cresto
has substantial experience in ESOP transactions and is a founding member of the ESOP Team at McBride Baker & Coles.Mr. Cresto
has advised corporations and their shareholders and directors regarding financing options in ESOP transactions.In addition, Mr. Cresto
has served as legal counsel to numerous banks and other lenders and to trustees in ESOP transactions.Mr. Cresto
is a member of the ESOP Association, and is a member of its National Finance Committee.Mr. Cresto
is also a member of the National Center for Employee Ownership.Mr. Cresto
has regularly made presentations regarding ESOPs and ESOP financing at seminars, including annual national conventions of the ESOP Association and National Center for Employee Ownership.He
also regularly speaks at programs sponsored by local financial institutions.
Financial Services.Mr. Cresto
regularly counsels financial institutions in the structuring and documentation of financing transactions.In addition to those services, he
has extensive experience representing financial institutions in work-outs and collection litigation.Mr. Cresto
has successfully defended lender liability lawsuits on behalf of Chicago area financial institutions.He
has provided counsel to insurance companies in connection with director and officer liability concerning financing matters.Mr. Cresto
is a contributor to McBride Baker & Coles' Lender's Alert and is a member of the Financial Services Department of McBride Baker & Coles.
Real Estate.Mr. Cresto
has extensive experience in representing residential and commercial real estate developers in the acquisition, development, and disposition of real estate.He
has represented publicly traded real estate investment trusts in the acquisition and disposition of commercial properties, and has counseled them in connection with their financing needs.
Civil Litigation.Mr. Cresto's experience in litigation dates back to his
career as an Assistant States Attorney in DuPage County, Illinois.Mr. Cresto
has tried dozens of jury trials to a verdict and has been involved in high-profile litigation matters, including death penalty murder cases.
is the author of numerous articles regarding ESOPs, including Anticipating and Avoiding ESOP Financing Obstacles for The Journal of Employee Ownership Law and Finance (Summer 1999).
Professional Affiliations and Education.Mr. Cresto
was admitted to the Illinois bar in 1983 and the U.S. District Court, Northern District of Illinois in 1987.He
undergraduate degree from Western Illinois University in 1977 and his
law degree from the John Marshall Law School in 1983.He
is a member of the Illinois Bankers Association, DuPage County and Illinois State Bar Associations, and the Federal Trial Bar for Northern District of Illinois.Prior to joining McBride Baker & Coles, Mr. Cresto
was an Assistant States Attorney for DuPage County, Illinois.
McBride Baker & Coles, 500 W. Madison St., 40th Flr, Chicago, IL 60661 * One Mid America Plaza, Suite 1000, Oakbrook Terrace, IL 60181
Understanding the ESOP Repurchase Obligation Article
I would like to acknowledge the following people for assisting me in the creation of this article : Jeffery Krenzel of Ludwig Goldberg & Krenzel ; John Cresto of McBride, Baker & Coles ; E.W. (Sandy) Purcell of Houlihan Lokey Howard & Zukin ; Peter H. Briggs of Shareholder Strategies, Inc. ; Judith L. Kornfeld of ESOP Economics ; John A. Breheny of John Breheny & Associates ; George Cassiere of Goelzer & company ; Jerry Grossman of Houlihan Lokey Howard & Zukin ; Robert W. Smiley, Jr. of Benefit Capital Companies ; Dennis Long of BCI Group ; Richard Tanner of Ownership Advisors ; Charles C. Hinners of Compensation Resources Group ; Bruce D. Grussing of Gray Plant Mooty & Bennett, P.A. ; Corey Rosen of the National Center for Employee Ownership ; Vaughn Gordy of LaSalle National Bank ; Fred Bergia of the Peoria Journal Star ; Art Scharinger of Floturn, Inc. ; Barry Hoskins of Antioch Publishing company ; John Banasek of GreatBanc Trust Company ; Peter Prodoehl of BCI Group ; Dave Lawrence of Gooding Rubber Co. ; Brad Henschen of BCI Group ; Peter Paquette of Claremont Flock Corporation ; and Tony Mathews of BCI Group.