Jones Day is advising Mercantil Bank N.A. as it prepares to spin off from its Venezuela-based parent corporation along with its U.S. holding company, Mercantil Bank Holding Corp.

Chip MacDonald, a financial services partner in the law firm’s Atlanta office, is leading the team for Mercantil Bank, while a group of in-house lawyers from Venezuela-based parent Mercantil Servicios Financieros, led by their general counsel, represents the interests of the parent company.