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Brian A. Crumbaker

Brian’s practice focuses on the representation of bondholders and corporate trust companies in relation to distressed/defaulted high-yield tax-exempt bonds, and issuers and underwriters on primary offerings of tax-exempt bonds.
Brian is a native Floridian raised in Tallahassee, Florida, and has practiced law with the Firm since 2001. When not working, Brian enjoys the outdoors with his wife, Sallie, and two daughters.
Education
  • University of Miami School of Law, J.D.
  • Florida State University, B.A.
Bar & Court Admissions
  • Florida
Professional Affiliations
  • Florida Bar Association
  • National Association of Bond Lawyers
  • National Federation of Municipal Analysts
  • Southern Municipal Finance Society
Community Involvement
  • Leadership Florida, Class XXXII
  • Leadership Florida, Northwest Florida Regional Council (2014 – 2015)
  • Leadership Tallahassee, Class XIX
  • Leadership Tallahassee, Board of Governors (2009 – 2013)
  • Leadership Tallahassee, Executive Committee (2010 – 2011)
  • Challenger Learning Center, Board of Directors (2010 – Present)
  • Challenger Learning Center, President (2013 – 2014)
  • John G. Riley Foundation, Inc., Board of Directors (2008 – 2015)
  • Young Actors Theatre, Board of Directors (2011 – 2014)
Awards & Recognition
  • Listed in Florida Trend magazine’s “Legal Elite,”2011-2012, 2015 editions
  • Listed as a “Rising Star” in the annual publication of The Florida Super Lawyers, 2011 edition
  • Listed in Florida Trend magazine’s “Up and Coming Legal Elite,” 2006 edition
Legal Experience
Serves as counsel to indenture trustees for and owners of distressed/defaulted tax-exempt bonds issued to fund the construction of public infrastructure, low-income housing, health care facilities and charter schools.
Publications & Presentations
Panelist, Trustees and Trustee Counsel, at The Workshop of the National Association of Bond Lawyers (September 2019)
Panelist, Resurrection of Land Secured Deals,  at the Advanced Seminar on High-Yield Bonds conducted by the National Federation of Municipal Analysts (January 2018).
Panelist, Anatomy of a Real Estate Project Meltdown: District, Developer, Trustee and Conventional Lender Perspectives and Future Trends for CDDs, at The Florida Bar continuing legal education course titled Secrets of CDDs: Unveiling the Mysteries and Unlocking the Possibilities (January 2013).
Panelist, Community Development Districts – Restructuring, Rebuilding, at the High Yield Municipal Bond Conference held by Smith’s Research & Gradings (September 2012).
Panelist, Joint Panel for Economic Crisis-Driven Transactions: Defaults, Workouts and Bankruptcy Issues in Public Finance and It’s a Contact Sport: Corporate Trust Concerns that Bond Attorneys Need to Anticipate, at the 36th Bond Attorneys’ Workshop of the National Association of Bond Lawyers (October 2011)
Panelist, Development Districts: Lessons Learned, at The Bond Buyer’s Southeast Public Finance Conference (March 2011)
Panelist, When a Bond Deal Goes Bad: Defaults, Remedies and Workouts in Municipal Finance, at the 9th Annual Tax and Securities Law Institute of the National Association of Bond Lawyers (March 2011)
Panelist, Issuer’s Counsel, at the 35th Bond Attorneys’ Workshop of the National Association of Bond Lawyers (October 2010)
Panelist, Municipal Securities Law 101, at the 35th Bond Attorneys’ Workshop of the National Association Bond Lawyers (October 2010).
Guest lecturer, Florida State University College of Law, speaking on the topic of special taxing districts as part of the “Planned Communities” course.
Significant Transactions
Representation of the indenture trustee in connection with an agreed-upon liquidation of charter-school assets located in Dallas, Texas, securing Education Revenue Bonds and Taxable Education Revenue Bonds (closed August 2019).
Representation of the indenture trustee in connection with an agreed-upon liquidation of a low-income multi-family housing project located in Memphis, Tennessee, securing Multifamily Housing Refunding Revenue Bonds (closed August 2019).
Representation of purchasers in connection with their acquisition of $36,500,000 Special District Excise Tax Revenue and Improvement Bonds, Series 2019A, and $12,280,000 Subordinate Special District Excise Tax Revenue and Refunding Bonds, Series 2019B, issued in relation to the Charles Pointe project in Harrison County, West Virginia (closed August 2019).
Representation of purchasers in connection with their acquisition of $7,375,000 Special Assessment Revenue Bonds (Improvement Area No. 1 Project), Series 2019, and $3,535,000 Special Assessment Revenue Bonds (Major Improvement Area Project), Series 2019, issued in relation to the Hurricane Creek project in the City of Anna, Texas (closed April 2019).
Representation of the indenture trustee in connection with an agreed-upon liquidation of a low-income multi-family housing project located in Louisville, Kentucky, securing Multifamily Housing Revenue Bonds (closed April 2018).
Representation of purchases in collection with their acquisition of 41,745,000 Contract Revenue Bonds, Series 2017, issued by the Public Finance Authority to fund infrastructure improvements for the Mercer Crossing project in the City of Farmer's Branch, Texas (closed June 2017).
Representation of the indenture trustee in connection with an agreed-upon restructuring and exchange of defaulted bonds for $30,710,000 Reunion East Community Development District (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2015 (closed May 2015).
Representation of the indenture trustee in connection with the issuance of $50,925,000 Reedy Creek Improvement District (Orange and Osceola County, Florida) Ad Valorem Tax Refunding Bonds, Series 2015A (closed April 2015).
Representation of the indenture trustee in connection with an agreed-upon restructuring and exchange of defaulted bonds for $34,495,000 South Bay Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2015 (closed March 2015).
Representation of bondholders in connection with settlement negotiations relating to a payment default by the master developer of a mixed-use project in Rio Rancho, New Mexico, the result of which was receipt of fee title to lands owned by the master developer, the marketing and sale of the conveyed lands to a new master developer, and an agreed-upon restructuring and exchange of the defaulted General Obligation Bonds, in the outstanding principal amount of $15,180,000, issued by a public improvement district in Rio Rancho, New Mexico (closed February 2015).
Representation of indenture trustee in connection with the issuance of $29,100,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Refunding Bonds (closed June 2012).
Representation of indenture trustee in connection with the trifurcation of $49,110,000 Reunion East Community Development District (Osceola County, Florida) Special Assessment Bonds, Series 2002A (closed January 2012).
Representation of indenture trustee in connection with an agreed-upon restructuring and exchange of defaulted Capital Improvement Revenue Bonds, in the initial principal amount of $53,665,000, issued by a community development district in the City of Fort Myers, Florida (closed November 2011).
In the News
Jan 25, 2018
HGS Attorney Crumbaker Presents at the NFMA Advanced Seminar on High Yield Bonds
by Brian Crumbaker
Contact Brian A. Crumbaker