McNeil Chestnut earned his undergraduate, trust management and law degrees from Campbell University where, as a visiting adjunct professor, he currently teaches fiduciary law and administration in the Master of Trust and Wealth Management (MTWM) Program, a joint degree program between the Lundy-Fetterman School of Business and Norman A. Wiggins School of Law. He is a member of the North Carolina Bar, and was admitted to practice before the United States Supreme Court.
Mr. Chestnut was a trust officer and private attorney prior to his appointment as General Counsel to the North Carolina Banking Commission by Governor Jim Martin in 1987. Six years later he joined the Attorney General’s Office as the chief financial lawyer. In that role he advised the Commissioner of Banks and Attorney General on banking and financial legislation; represented the Office of the Commissioner of Banks in administrative, civil and criminal enforcement matters; authored advisory opinions on banking, mortgage lending, consumer credit issues and managed all fiduciary litigation. McNeil was one of the principal designers of the North Carolina Anti-Predatory Lending Act, Mortgage Lending Act, Interstate Banking Act, International Banking Act, and was co-author of the Interstate Trust Company Act. He retired as a Special Deputy Attorney General on June 1, 2014, and was awarded the Order of the Long Leaf Pine by Governor Pat McCroy, the highest civilian honor given by the State of North Carolina.