Partner
and access,
Cherie Stephens Bock is a trusted advisor offering informed advice and strategies, helping her clients to make well-informed decisions that align with best practices in the financial industry. Cherie has specific experience in floor plan and maritime financing and counsels clients on related legal issues that arise in the automotive, recreational vehicle and marine industries. Cherie represents financial institutions and borrowers in secured and unsecured lending transactions including agribusiness, maritime, acquisition, asset-based, and syndicated lending facilities. She represents national and regional secured lenders in connection with floor plan financing, dealership real estate financing, and manufacturer repurchase agreements. She has experience in automotive, large truck and equipment, recreational vehicle, trailer, powersports, and marine inventory financing. Cherie counsels clients with their best interests in mind, navigating unique collateral issues and risk exposure. She negotiates floor plan financing loan documents, as well as subordination and intercreditor agreements with other secured and unsecured creditors. She represents lenders in situations when a dealer is out of trust, diverts proceeds or finances inventory with more than one lender by preparing modification documentation or if needed, helping protect the lender’s collateral and rights by using the judicial system. As a former bank examiner, Cherie has unique insight with respect to bank regulatory matters. During her 25 years at Thompson Coburn, she has represented clients in bank mergers and acquisitions, branch purchase and assumptions, bank holding company formations, initial stock offerings, and bank failures and dissolutions.
