Rick Brophy

Rick  Brophy


Waco, Texas

Rick Brophy is the President of Beard Kultgen Brophy Bostwick & Dickson, PLLC and has significant experience in matters affecting financial institutions, construction companies and other businesses. His practice includes mergers and acquisitions work, drafting and negotiating complex governance and other agreements, formation of entities, drafting construction related agreements, and providing general legal advice to local businesses. Mr. Brophy has served as an adjunct professor at Baylor Law School for 32 years, teaching banking law for 19 years and mergers and acquisitions for the last 13 years. Mr. Brophy speaks regularly at the meetings of Independent Bankers Association of Texas and State Bar of Texas and has provided numerous speeches on bank compliance regulations, including Regulation O, Lending Limit and Section 23A. Mr. Brophy also serves as general counsel to the Central Texas Associated General Contractors.

In addition to serving his clients on legal matters, Mr. Brophy is extensively involved in the local community, having served or currently serving as Chairman of the Greater Waco Chamber of Commerce, President of Waco Rotary Club, President of the Baylor Law Alumni Association, President of the Waco Business League, and formerly as coach to eight-time Little League Softball World Series Champions.

Relevant Experience:

  • Mergers and acquisitions of healthy, troubled and failed financial institutions and their branch offices
  • Mergers and acquisitions of other businesses including life insurance companies, construction companies, television stations, waste management businesses, insurance agencies, title companies and troubled loan acquisitions
  • Start-up companies including capital raising, complex ownership structures and governance issues
  • Bank and holding company regulatory applications and issues including bank holding formation, de novo banks, branching, redemptions, S elections, change of control, affiliate transactions, lending limit issues, fair lending and enforcement actions
  • General day to day advice to banks and holding companies on contracts, employment, compensation, lending and other issues
  • Preparation of loan documentation for complex commercial loan transactions
  • General advice to a wide range of business clients
  • Commercial litigation including litigation and arbitration arising from mergers and acquisitions, securities fraud, construction defect, loan transactions, fiduciary litigation, business owner disputes, minority shareholder issues, partnership disputes, contract disputes (including data processing contracts)
  • Speeches sponsored by the State Bar of Texas on analyzing acquisition agreements
  • Former editor of a bank compliance manual that included summaries of compliance regulations and compliance checklists; for a period of approximately ten years, spoke at three to four seminars a year on bank compliance regulations; including Regulation O, Lending Limit, Section 23A

Areas of Practice

  • Mergers and Acquisitions
  • Banking & Finance Law
  • Business & Commercial Law
  • Business Organizations
  • Securities Law
  • Contracts
  • Tax Law
  • Real Estate Law
  • Estate Planning
  • Probate & Estate Administration
  • Litigation & Appeals

Certified Legal Specialties

  • Certified Public Accountant

Bar Admissions

  • Texas, 1977
  • U.S. Court of Appeals 5th Circuit
  • U.S. District Court Western District of Texas
  • Supreme Court of the United States of America


  • Baylor University School of Law, Waco, Texas
    • J.D., cum laude - 1977
    • Law Review: Baylor Law Review, 1975 – 1977
  • Baylor University, Waco, TX
    • B.B.A., cum laude - 1974
    • Major: Accounting


  • Banking Law, Adjunct Professor – Baylor School of Law, 1986 – Present

Honors and Awards

  • Recognized as a Super Lawyer, a Thomson Reuters service, 2005-2017

Professional Associations and Memberships

  • State Bar of Texas
  • American Bar Association
  • American Institute of Certified Public Accountants
  • Texas Society of Certified Public Accountants
  • Member of the Interstate Branching Task Force of the Texas Department of Banking
  • Member of Texas Savings & Community Bankers Association
  • Texas Association of Bank Counsel, Director, 1995 – 1998
  • Waco-McLennan County Bar Association, Director
  • Texas Bar Foundation, Fellow
  • Member of the Baylor University’s Accounting & Business Law Advisory Council