Drew A. Proudfoot

Drew Proudfoot is an attorney in the Morgantown, West Virginia office of Bowles Rice. He focuses his practice on corporate and financial services transactions, which includes commercial lending, mergers and acquisitions, and business succession planning.

Drew has effectively documented and secured millions of dollars in commercial financing for a wide variety of projects. He is also experienced in the acquisition and sale of businesses, from local mom and pop shops to publicly traded companies.

Additionally, Drew frequently helps clients with business succession planning and the transition of family-owned businesses, including farms and service companies, via buy/sell agreements, stock option plans, deferred compensation and related business continuation arrangements.

• Member, Bowles Rice Recruiting Committee
• Leadership Monongalia, Class of 2018
• Intern, Honorable Judge James L. Sherbin,  Circuit Court for Garrett County, Maryland (2013)
• Intern, Honorable Judge R. David Proctor, United States District Court, Northern District of Alabama (2013)

Assisted with the completion of the following banking transactions:

• The acquisition of certain bank branches in Northern West Virginia;
• The acquisition of certain bank branches in Southern West Virginia;
• The acquisition of a bank holding company and its subsidiary bank headquartered in Charleston, South Carolina with an approximate transaction value of $1.1 billion;
• The acquisition of a bank holding company and its Virginia banking subsidiary, with an approximate transaction value of $300 million;
• The acquisition of a Virginia bank holding company and its Virginia subsidiary bank having a presence in northern Virginia and Washington, C., with an approximate transaction value of $912 million; and
• A merger of equals transaction involving a West Virginia bank holding company and its West Virginia subsidiary bank, with an approximate transaction value of $370 million.

Assisted with the completion of acquisition or divestiture transactions in the following lines of business:

• Plastics manufacturing;
• Automotive dealerships;
• Oil and gas field services;
• Medical facilities, including hospitals;
• Physician practices; and
• Dental practices.

• Recognized by The Best Lawyers in America: Ones to Watch in Banking and Finance Law; Corporate Law; and Mergers and Acquisitions Law (2024 Edition)

• United Way of Monongalia and Preston Counties, Board Member (2016 to 2022)
• United Way of Monongalia and Preston Counties, Citizen Review Chair (2021)
• Mon Valley Habitat for Humanity, Board Member (2016-2018)