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Banking and Financial Services


Nutter's banking and financial services attorneys serve as corporate and regulatory counsel to banks, savings institutions, and other financial institutions, and we address a wide range of banking clients' needs, including new bank formations, mergers and acquisitions, holding company formations, conversions, interstate expansion, the introduction of new products and services, including securities, insurance and trust services, and electronic banking.

Our clients
Our clients include the full range of financial institutions, such as commercial banks and bank holding companies, thrift institutions and thrift holding companies, trust companies, insurance companies and agencies, equipment leasing companies, non-bank subsidiaries, and real estate investment trusts.

Our practice
Corporate and regulatory matters

  • Mergers, acquisitions, and public and private sales of equity and debt securities for various types of banking and insurance companies, including trust-preferred securities
  • Organization of de novo banks
  • New structures, including mutual holding companies and conversions of mutual banks
  • New products and services, including insurance, investment products, trust services, collective investment and common trust funds
  • Corporate and regulatory advice

Executive compensation

  • Design and administer equity-based compensation programs on a company-wide and individual basis
  • Structure compensation programs on a tax-efficient basis, balancing performance and reward
  • Advise and counsel on compensation arrangements, including incentive and nonqualified stock option plans, and profit interests in partnerships and limited liability companies
  • Develop ways to reduce high-net-worth individuals' future estate taxes attributable to compensation-related asset 
  • Employment agreements
  • SERPs

One of the largest percentages of Nutter’s work comes from banks and institutional lenders, with clients who span from national and global financial institutions, financial services firms, insurance companies, equipment lessors and major commercial borrowers, to regional and local community banks.

The expertise tapped by clients in this segment of our business includes regulatory, transactional, securities, M&A, workout and restructurings, litigation, employment and executive compensation, public policy and tax matters, with many clients turning to us for a multidisciplinary service mix.

Nutter has handled more than $8 billion in real estate lending transactions and more than 1,000 equipment financing deals worth more than $3 billion in the last decade. The firm’s commercial finance team has been chosen by lenders, equipment lessors and borrowers to handle literally thousands of transactions involving collateral in 46 states and abroad. We are currently counsel of choice for more than half of the top 10 commercial banks in the United States for one form of commercial finance or another, as well as many of the region’s most reputable life insurance companies, pension funds and commercial borrowers. One of those banks has sought our assistance in more than 100 commercial finance transactions in recent years, and continues to send its deals to Nutter.

Nutter’s community banking practice has emerged 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 firms nationally in merger and acquisition work for banks according to the M&A Annual published by the American Banker.

Whether global or local, the banking industry has been through tumultuous times in recent years and the firm has worked with clients across the spectrum to endure the challenges, navigate regulatory changes and continuously seek opportunities to improve business, whether through acquisition, conversion, sale of equity or debt securities, the creation of new products and services, restructuring or other initiatives.

View Practice Team

Representative Matters

Representative Matters

  • PeoplesBancorp

    Nutter is representing 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 pending 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 is approximately $60 million.

  • MNB Bancorp

    Nutter is representing MNB Bancorp, the parent company of The Milford National Bank and Trust Company, in its proposed merger with Independent Bank Corp. (NASDAQ Global Select Market: INDB). Independent is the parent company of Rockland Trust Company. The total value of the transaction is approximately $54.2 million.

  • Hometown Financial Group Inc.

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

  • Coastal Heritage Bank

    Nutter is representing South Shore Mutual Holding Company, the mutual holding company for Coastal Heritage Bank, a $517.1 million-asset community bank headquartered in Weymouth, in its pending merger with Equitable Bancorp, MHC, the mutual holding company for Equitable Bank, a $332.9 million asset community bank headquartered in East Weymouth.

  • Adams Community Bank

    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. 

  • Bank of New Hampshire

    Nutter advised 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. After the merger, the combined entity will have approximately $1.4 billion in assets and 23 branch offices through New Hampshire.

  • Banks (all charter types)

    23 mergers and acquisitions (all transaction structures) since 2004

  • Centrix Bank & Trust

    Merger with Eastern Bank Corporation
    $134 million

  • Commerce Bancshares Corp.

    Nutter is representing Commerce Bancshares Corp. and its subsidiary, Commerce Bank & Trust Company, in its pending merger with Berkshire Hills Bancorp. Inc. (NYSE: BHLB), in an all-stock transaction valued at $209 million.

  • Connecticut River Bancorp, Inc.

    Merger with Mascoma Mutual Financial Services Corporation
    $26.7 million

  • ESB Bancorp MHC

    Represented ESB Bancorp MHC in its merger with Hometown Community Bancorp MHC.

  • Fidelity Bank

    Represented Fidelity Bank in its merger with Barre Savings Bank.

  • First Commons Bank, N.A.

    Nutter advised First Commons Bank, N.A. in its proposed merger with Brookline Bank, a wholly-owned subsidiary of Brookline Bancorp, Inc. (NASDAQ: BRKL). The total value of the transaction is approximately $55.958 million. The total value of the transaction is approximately $55.958 million.

  • Granite Savings Bank

    Merger with Cape Ann Savings

  • Greenfield Cooperative Bank

    Merger with Northampton Cooperative Bank

  • Institution for Savings

    Acquisition of Rockport National Bancorp, Inc.
    $28.3 million

  • Liberty Bay Credit Union

    Represented Liberty Bay Credit Union in its merger with Hingham Federal Credit Union.

  • Massachusetts banks

    12 mutual holding company reorganizations since 2003

  • Meetinghouse Bancorp, Inc.

    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, in a transaction valued at approximately $17.8 million.

  • North Brookfield Savings Bank

    Merger with FamilyFirst Bank

  • North Middlesex Savings Bank

    Nutter represents North Middlesex Savings Bank in its pending merger with Marlborough Savings Bank. The combined bank will have assets of close to $1 billion and $95 million in equity and operate a network of 14 branches. 

  • North Shore Bank

    Merger with Merrimac Savings Bank 

  • Northeast Retirement Services, Inc.

    Advised Northeast Retirement Services, Inc., a leading provider of plan accounting, transfer agency, fund administration, trust and retirement plan services, in its acquisition by Community Bank System, Inc. (NYSE: CBU), a transaction valued at approximately $146 million.

  • Out-of-state licensed lenders

    Counsel on regulatory matters in Massachusetts, four lenders, past 5 years

  • PeoplesBancorp, MHC

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

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