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Nutter represents Bank of New Hampshire in its acquisition of Community Guaranty Savings Bank

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11.30.2015

Nutter is advising Bank of New Hampshire and its parent BNH Financial, a mutual holding company, in their pending acquisition of Community Guaranty Corporation and its wholly-owned subsidiary Community Guaranty Savings Bank, a New Hampshire guaranty savings bank.

According to the terms of the transaction, BNH Financial will pay $12.9 million in cash for all outstanding shares of Community Guaranty Corporation, or $65.10 per share. The transaction is subject to the approval of regulators and Community Guaranty Corporation shareholders. It is expected to close in May 2016, at which time all branches of Community Guaranty Savings Bank will become branches of Bank of New Hampshire. After the merger, the combined entity will have approximately $1.4 billion in assets and 23 branch offices through New Hampshire.

The Nutter team advising BNH Financial and Bank of New Hampshire was led by partner Michael Krebs, co-chair of the Banking and Financial Services practice group, and included Crescent Chasteen, Wendy Fiscus, Matthew Hanaghan and Thomas Powers.

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