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Nutter represents Eastern Bank Corporation in its agreement to acquire Wainwright Bank & Trust Company

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06.29.2010

Nutter represents Eastern Bank Corporation in its agreement to acquire Wainwright Bank & Trust Company in an all-cash transaction valued at approximately $163 million. Under the terms of the transaction, shareholders of Wainwright Bank & Trust Company will be entitled to receive $19.00 in cash in exchange for each share of Wainwright Bank & Trust Company common stock and common stock equivalents outstanding.

The merger will provide enhanced convenience for customers who will have access to over 90 retail banking offices across eastern Massachusetts including 22 offices in the Boston metro area. The transaction is expected to close in the fourth quarter of calendar year 2010 pending approval by state and federal regulators and shareholders of Wainwright Bank & Trust Company.

For more information on the merger, please click here.

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