Nutter Advises Meetinghouse Bancorp, Inc. in Proposed Merger with Meridian Bancorp, Inc.Print PDF
Nutter is representing Meetinghouse Bancorp, Inc. (OTC Pink: MTGB), the holding company for Meetinghouse Bank, in its pending merger with Meridian Bancorp, Inc. (NASDAQ: EBSB), the holding company for East Boston Savings Bank. Mike Krebs, chair of Nutter’s Corporate and Transactions Department and co-chair of the firm’s Banking and Financial Services practice group, led the Nutter deal team, which included Tom Powers, an associate in the department.
Under the terms of the agreement, Meetinghouse shareholders will receive $26.00 in cash for each of their outstanding shares of Meetinghouse common stock, representing a total transaction value of approximately $17.8 million.
Meetinghouse Bank has approximately $118 million in assets, $80 million in loans and $99 million in deposits as of March 31, 2017 and conducts its operations from two offices located in the Boston communities of Dorchester and Roslindale. Please click for more information on the transaction.
Nutter’s Banking and Financial Services practice group is ranked by Chambers and Partners as among the top banking practices in the nation. Nutter’s community banking practice is regarded as a market leader in New England, having represented more than 70 banks and thrift institutions in corporate and regulatory matters in the past few years. The firm has placed among the top 20 law firms nationally in merger and acquisition work for banks, according to the M&A Annual published by the American Banker.
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