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 Cheryl Crandall Tangen has been practicing law since 1980. Her legal career has involved the representation of banks and other businesses in an in-house as well as outside counsel capacity.
Cheryl has handled a broad range of business transactional issues throughout her legal career, and previously, also represented business interests in litigation matters.
Representative examples are highlighted below:
- Represented several Colorado banks in federal multi-district litigation involving issuing banks’ liability on letters of credit
- Defense of Colorado bank in civil RICO/lender liability litigation
- Defense of Denver bank in tax levy suit, resulting in new decisional law at U.S. 10th Circuit Court of Appeals level
- Drafting of credit and debit card agreements and development of product parameters for these and other retail banking products
- Negotiation and preparation of loan documentation (both standardized and deal-specific), on lender’s behalf, for retail, asset-reliant middle market, small business, mortgage warehouse lending, and commercial real estate loans, including large syndicated facilities
- Provided continuing guidance on a broad array of bank, thrift, securities broker-dealer regulatory issues, including the preparation of compliance handbooks
- Development of insider trading compliance programs governing bank employee securities trading activities.
- Formation of numerous new business entities – limited liability companies, corporations, general and limited partnerships and limited liability partnerships, and closely held corporate voting trusts
- Preparation of business purchase and sale agreements
- Preparation of loan portfolio and loan servicing acquisition agreements
- Performance of due diligence reviews in connection with business mergers and acquisitions
- Negotiation and drafting of commercial leases from both lessor and lessee perspectives.
Cheryl has also been involved in legislative efforts for the companies and industries that she represents. While in-house with a large multi-national company, she formed a local grassroots lobbying effort for the company’s employees in Colorado. In Texas, she served on the Home Equity Task Force, sponsored by the Texas Citizens for Homeowner’s Rights (a consortium of lenders promoting the passage of home equity legislation) for the 1993, 1995, and 1997 legislative sessions, drafting portions of the proposed bill. She has continued to participate in several attorney task forces that have drafted resolutions for adoption by subsequent legislative sessions in an effort to clarify and “fix” the home equity amendment that was adopted.
Cheryl has lectured on the following topics:
- Offering of insurance and other alternative non-deposit products by banks and thrifts
- The Texas Home Equity Amendment
- Flood disaster insurance requirements
- Privacy issues
- Business formation issues
- Servicemembers' Civil Relief Act
She has published articles on the Texas Home Equity Amendment and financial institution product offerings.
She also chaired the 27th Annual Legal Conference sponsored by the Texas Savings and Community Bankers Association and chaired the 29th Annual Convention of The Texas Association of Bank Counsel..
- Permanent planning committee - Annual Legal Conference sponsored by the Texas Savings and Community Bankers Association and the Independent Bankers of Texas
- Member, Director (2001-2003), President (2005-2006) - Texas Association of Bank Counsel
- Member - State Bar of Texas, the Business Law, Alternative Dispute Resolution, and the Real Estate, Probate and Trust Sections of the State Bar of Texas
- Member - The College of the State Bar of Texas
- Member - Houston Bar Association
Cheryl graduated from Cornell University, College of Arts and Sciences, Ithaca, New York, in 1975 and received her law degree from the University of Denver College of Law, Denver, Colorado, in 1979. While in law school, she served as a law clerk to three Colorado District Court judges.
Cheryl is licensed to practice law in the states of Texas and Colorado.
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