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Nutter represents Adams Community Bank in its acquisition of The Lenox National Bank

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10.22.2015

Nutter advised Adams Community Bank, a mutual savings bank based in Adams, Massachusetts, in its acquisition of The Lenox National Bank, a national bank located in Lenox, Massachusetts. The transaction was completed on October 16, 2015.

Adams paid approximately $14.3 million in cash for all outstanding shares of Lenox common stock. As a result of the transaction, the combined organization now has total assets of approximately $475 million and eight retail banking offices serving Berkshire County in Adams, Cheshire, Lanesboro, Lee, Lenox, North Adams and Williamstown.

The Nutter team advising Adams was led by partner Adam Ghander, and included Michael Mooney, Matthew Hanaghan, Crescent Chasteen and Thomas Powers.

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