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Nutter Represents Leader Bank, N.A. and Leader Bancorp, Inc. in Spin-Out of ZSuite Technologies

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08.28.2019 | Press Release

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. The Nutter team was led by Michael Krebs. In addition, Thomas Curry and Jason Cabral provided regulatory support; Michael Mooney and Erin Whitney provided tax advice; and Joshua Gray, Portia Keady, and Blake Tyler provided support on corporate and securities law issues.

In 2015, Leader Bank, a now $1.5 billion community bank based in Arlington, MA, began focusing on the development of new financial technology products to differentiate itself and attract deposits without having to expand its branch footprint. Through its various innovations, which are now part of ZSuite Technologies, Leader Bank was able to grow by more than $100 million in core deposits and attract thousands of customers. As interest grew from other financial institutions, the Leader Bank management team decided that the division needed to be fully independent as a non-subsidiary entity in order to grow and support other banks and credit unions. As part of the launch, Leader Bank, along with eight other financial institutions, will join ZSuite Technologies as early partners. Please click for more information on the transaction.

Nutter’s Banking and Financial Services group is ranked by Chambers and Partners as among the top banking practices in the nation. The firm’s attorneys regularly serve as corporate and regulatory counsel to banks, savings institutions, and other financial institutions. In the banking sector, Nutter addresses a wide range of client needs, including mergers and acquisitions, offerings of equity and debt securities, holding company formations, mutual to stock conversions, and the introduction of new products and services, including securities, insurance and trust services, and financial technology (fintech).

About Nutter
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, early stage entrepreneurs, institutions, foundations, and families, across the country and around the world. The firm’s business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates practices are national in scope. The firm was co-founded in 1879 by former U.S. Supreme Court Justice Louis D. Brandeis, before his appointment to the Court. For more information, please visit www.nutter.com and follow the firm on LinkedIn.

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