Paul Hastings Advised Ceridian HCM in Launch of National Trust Bank Charter
Paul Hastings LLP has advised Ceridian HCM, Inc., a subsidiary of Ceridian HCM Holding Inc. (NYSE: CDAY), a global human capital management software company, in obtaining final approval from the Office of the Comptroller of the Currency to establish Ceridian National Trust Bank (CNTB), a move that will facilitate CNTB’s payroll services in the U.S. CNTB, an uninsured de novo national trust bank based in Minneapolis, Minnesota, commenced operations on January 3, 2023.
Partner Sara Weed and Lawrence Kaplan, Chair of Bank Regulatory, led the team, which also included associates LK Greenbacker, Zach Silvers, and Bethany Krystek.
More details can be found here.
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