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Jason J. Cabral, Nutter McClennen & Fish LLP Photo

Jason J. Cabral

Partner / Boston

Overview

Jason Cabral is a partner in Nutter’s Corporate and Transactions Department and a member of the firm’s Banking and Financial Services group. Jay’s practice focuses on mergers and acquisitions, corporate finance, and bank regulatory, supervisory, and enforcement matters involving financial institutions. He also advises clients on corporate governance and other general corporate and strategic matters. He serves as the advisor to the chair of the Milken Institute’s Fintech Advisory Committee and as a member of the Massachusetts Securities Division Fintech Working Group.

Jay’s bank regulatory practice includes the representation of clients before federal and state bank regulatory agencies. He advises clients on a wide range of policy, regulatory, governance, and other matters, including financial reform, activities, investments, applications, new products, corporate restructurings, affiliate and insider transactions, management interlocks, regulatory reporting, and third-party vendor risk management. He regularly represents clients in data processing, software, and third-party vendor contract negotiations.

He frequently advises financial technology companies (Fintechs) in connection with their activities and bank partnerships and the application of federal and state banking and consumer protection laws and regulations to those activities and partnerships. He also advises Fintechs on the range of regulatory options available to them, including state and federal licensing, bank charters, and various charter options currently available or under development in the United States.

Prior to joining Nutter, Jay was special counsel in the Financial Services Group at Sullivan & Cromwell LLP in New York, where he counseled leading U.S. and non-U.S. banks, asset managers, private equity funds, Fintechs, trade associations, and other financial services companies for more than 10 years.

Jay earned his J.D., summa cum laude, from Quinnipiac University School of Law, where he served as Note and Casenote Editor for the Quinnipiac Law Review and was a Dean’s Scholar. He received his B.S., magna cum laude, from Ohio University.

Experience

Experience

  • Leader Bank, N.A. and Leader Bancorp, Inc.

    Nutter served as sole outside legal counsel to Leader Bank, N.A. and its parent company Leader Bancorp, Inc. in connection with the recent spin-out of ZSuite Technologies.

  • Pilgrim Bank

    Nutter represented Pilgrim Bank, a member of the Hometown Financial Group, MHC, in its acquisition of Abington Bank. The bank will be headquartered in Abington, Massachusetts and will operate as an independent subsidiary of Hometown Financial Group.

  • Sandler O’Neill & Partners, L.P. and U.S. Bancorp Investments, Inc.

    Nutter represented Sandler O’Neill & Partners, L.P. and U.S. Bancorp Investments, Inc., the placement agents for Independent Bank Corp. (NASDAQ: INDB), the bank holding company of Rockland Trust Company, in connection with Independent’s private placement of $50 million of fixed-to-floating rate subordinated notes due 2029.

  • PeoplesBancorp, MHC

    Nutter represented PeoplesBancorp, MHC, the holding company for PeoplesBank, in the private placement of $40 million in fixed-to-floating rate subordinated notes due 2028.

  • Hometown Financial Group Inc.

    Nutter represented Hometown Financial Group, Inc., the bank holding company of bankESB (Easthampton, MA) and bankHometown (Oxford, MA), in connection with its acquisition of Pilgrim Bank, a Massachusetts-chartered co-operative bank headquartered in Cohasset, MA, and its bank holding company, Pilgrim Bancshares, Inc. (OTCMKTS: PLRM).

  • PeoplesBancorp, MHC

    Nutter represented PeoplesBancorp, MHC, a Massachusetts mutual holding company, and the bank holding company of PeoplesBank, a Massachusetts-chartered savings bank, both of Holyoke, Massachusetts, in connection with its acquisition of First Suffield Financial, Inc., a Connecticut corporation and the bank holding company of The First National Bank of Suffield, a national bank, both of Suffield, Connecticut. The total value of the transaction was approximately $60 million.

  • MNB Bancorp

    Nutter advised MNB Bancorp, the parent company of The Milford National Bank and Trust Company, a national bank, both of Milford, Massachusetts, in its acquisition by Independent Bank Corp. (NASDAQ Global Select Market: INDB). Independent is the parent company of Rockland Trust Company. The total value of the transaction was approximately $54 million.

News & Insights

Publications

Education & Admissions

Education

Quinnipiac University School of Law, J.D., summa cum laude
Ohio University, B.S., magna cum laude

Admissions

  • Connecticut
  • Massachusetts
  • New York

Before Nutter

Prior to joining Nutter, Jay was special counsel in the Financial Services Group at Sullivan & Cromwell LLP in New York, where he counseled leading U.S. and non-U.S. banks, asset managers, private equity funds, Fintechs, trade associations and other financial services companies for more than 10 years.

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