Matt Ormiston, a member of McGinnis Lochridge’s Corporate & Tax and Financial Services practice groups, tailors his efforts to meet the special needs of the firm’s clients working within the finance and agriculture industries. While Matt assists a variety of financial institutions, his practice primarily focuses on representation of lending institutions that are part of the federal Farm Credit System. As part of the Farm Credit System, established by Congress in 1916, Matt’s clients provide a reliable source of funding to agricultural and aquatic producers, rural homeowners and certain agriculture-related businesses and cooperatives. Matt considers it a privilege to be able to assist his clients, and ensures that his efforts are effective, efficient and contribute to his clients’ overall success. He enjoys a challenge and tailors his advice and counsel to the unique needs of his clients.
Before joining McGinnis Lochridge, Matt was a member at a large regional law firm where he assisted clients in the financial services industry, including numerous Farm Credit System institutions and a number of national and regional commercial banks and credit unions. Prior to returning to private practice, Matt served as associate general counsel for a cooperatively owned wholesale funding bank within the Texas Farm Credit District, which serves Alabama, Louisiana, Mississippi, New Mexico and Texas. In his role as associate general counsel, he advised the bank on various topics including, but not limited to, credit documentation, loan origination and structuring, capital markets, loan closing and servicing, distressed loan and borrower workouts, bankruptcy, foreclosure, and regulatory compliance. Before going in-house, Matt was an associate with a small law firm in Austin, Texas where he represented clients in state and local tax litigation and appeals, as well as construction, contract, employment and entertainment law matters.
While in law school, Matt served as a judicial intern for the Honorable Xavier Rodriguez, United States District Judge of the United States District Court for the Western District of Texas. He also clerked for an insurance defense law firm handling premises liability and contract litigation, and a solo practitioner that served as an arbitrator and mediator in a variety of disputes.
Before going to law school Matt worked as a loan officer for a Farm Credit System lender in Louisiana.
- Lender’s counsel for numerous transactions, including:
- $75,000,000 revolving line of credit secured by 169,000+ acres in Montana, Texas, Utah and Wyoming;
- $139,000,000 construction loan for the construction of 300,000 square foot turkey processing plant in South Carolina;
- $183,000,000 term loan in connection with the purchase of a 270,000+ acre ranch located in Texas;
- $395,000,000 in credit facilities, consisting of $100,000,000 general operating line of credit, $120,000,000 grain purchase line of credit, $75,000,000 term loan and $100,000,000 delayed draw term loan, for one of the nation’s largest integrated poultry companies;
- $100,000,000 revolving line of credit secured by 58,868 acres in Kansas and Texas;
- $400,000,000 revolving line of credit for one of the nation’s largest integrated poultry and pork companies;
- $95,000,000 term loan for the purchase of a port facility in Charleston, South Carolina; and
- $96,500,000 term loan in connection with the purchase of 630,523 acres of timberland in Montana.
- Integral member of in-house legal department at a $23 billion financial institution that is part of the nationwide Farm Credit System.
- Represented out of state insurance company that was ultimately successful in contesting imposition of Texas Retaliatory Insurance Tax on federal constitutional grounds.
- Represented large oil and gas exploration company before the Texas State Office of Administrative Hearings and secured significant audit reductions and refunds of Texas Sales and Use Tax for equipment used in processing natural gas.
- Represented a variety of companies throughout the United States in state and local tax matters.
- Successfully negotiated numerous voluntary disclosure agreements for the payment of state and local taxes on behalf of clients in a wide range of industries.
News & Publications
Professional Associations & Community Involvement
- State Bar of Texas, 2008-Present
- Volunteer Coach at Cedar Park Youth League, 2018-Present
- Co-Chair of Leander ISD’s Steering Committee for the 2022-23 Citizen Facility Advisory Committee
- Texas Young Lawyers Association, 2008-2017
- Side-by-Side Kids, Board of Directors, 2014-2017
- American Bar Association, 2005-2015
- Austin Bar Association, 2009-2013
Publications & Presentations
- Co-Presenter, AgFirst Legal & Compliance Conference, “ECOA & FCRA in Commercial Lending,” March 2023 – Louisville, Kentucky
- Presenter, Farm Credit Council Communications Conference, “The ‘Do’s and Don’t’s’ of Social Media for Lending Institutions: A Legal Perspective,” July 2022 – Chicago, Illinois
- Co-Presenter, Farm Credit Council Farm Credit System Attorneys Conference, “Ag Lending and Bankruptcy Update,” September 2021 – Philadelphia, Pennsylvania
- Presenter, Farm Credit Council, “Farm Credit Lending and Bankruptcy Update,” December 2020 – Virtual Presentation
- Co-Author, JD Supra, "2019 Flood Insurance Update,” May 2019
- Presenter, AgFirst Legal & Compliance Conference, “Flood Insurance Update,” March 2019 – Charleston, South Carolina
- Guest Lecturer, Texas A&M University School of Law, Agricultural Law Course, March 2018 – Fort Worth, Texas
- Presenter, AgFirst Legal & Compliance Conference, “Home Mortgage Disclosure Act (HMDA): Coverage, Exemptions, Data Points and Reporting,” March 2017 – Nashville, Tennessee
- Guest Lecturer, Texas A&M University School of Law, Agricultural Law Course, November 2016 – Fort Worth, Texas
- Presenter, 10th Annual John Huffaker Agricultural Law Course, “Trends in Agricultural Finance,” May 2016 – Lubbock, Texas
- Presenter, AgFirst Legal & Compliance Conference, “Another Round of Flood Insurance Regulations,” March 2016 – Asheville, North Carolina
- Presenter, 9th Annual John Huffaker Agricultural Law Course, “Current Trends in Agricultural Finance,” May 2015 – Lubbock, Texas
- Presenter, AgFirst Legal & Compliance Conference, “Flood of Changes,” March 2015 – Charleston, South Carolina
- Presenter, AgFirst Legal & Compliance Conference, “Flood Insurance Review & Updates” and “Unincorporated Business Entities,” March 2014 – New Orleans, Louisiana
- Author, Comment, Parental Choice and School Vouchers: A Viable Facet of Texas Public Education Reform?, 9 Scholar 497 (2007)
St. Mary’s University School of Law, J.D., 2008
- Staff Writer, The Scholar: St. Mary’s Law Review on Minority Issues, 2006-2007
- Phi Delta Phi International Legal Fraternity
- Quarter-Finalist, Freshman Moot Court Competition, 2006
Texas A&M University, B.S. Agribusiness, Minor in Economics, 2003
- United States District Court, Eastern District of Texas