Michael K. Krebs
- T. 617.439.2288
- F. 617.310.9288
- E. mkrebs@nutter.com
- Download full bio
Overview
Michael K. Krebs is a member of Nutter's Executive Committee and chair of the Banking and Financial Services practice group. Michael's areas of expertise as a corporate attorney include complex mergers and acquisitions, securities law matters, corporate finance and corporate governance. He represents issuers in a broad range of capital market transactions, including public and private offerings of equity and debt securities. Michael also advises companies and individuals on the design of executive employment agreements and incentive compensation arrangements.
Michael serves as corporate and regulatory counsel to a variety of banks, savings institutions, insurance companies, and other financial institutions. With extensive financial services regulation experience, he has represented clients before various federal and state regulatory agencies, including the Federal Reserve, OCC, FDIC, the Massachusetts Division of Banks, the New Hampshire Banking Department, and the California Department of Financial Institutions.
Michael has been a lecturer at the Boston University School of Law, teaching federal securities law in the J.D. program in the spring of 2014 and, previously, for many years as part of various LL.M. programs.
Michael’s M&A experience includes the representation of:
- Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC), the holding company of Eastern Bank, in its acquisition of Century Bancorp, Inc. (Nasdaq: CNBKA) and its subsidiary Century Bank and Trust Company for $642 million in cash.
- Centreville Bank, a mutual savings bank headquartered in Rhode Island, in its acquisition of Connecticut-based Putnam Bank and its publicly traded holding company PB Bancorp, a transaction valued at approximately $115.5 million
- Shawmut Corporation, a developer of high-performance composites, in its joint venture with the automotive headliner and specialty industrial fabrics business of Glen Raven Technical Fabrics LLC, a global provider of innovative technical fabric solutions
- Centrix Bank, a commercial bank headquartered in New Hampshire, in its acquisition by Eastern Bank, a transaction valued at approximately $125 million
- Meetinghouse Bancorp, Inc., the holding company for Meetinghouse Bank, in its merger with Meridian Bancorp, Inc., the holding company for East Boston Savings Bank, a transaction valued at approximately $17.8 million
- A mutual savings bank located in Massachusetts in its acquisition of a national bank, a transaction valued at approximately $28 million
- A community bank headquartered in Massachusetts in its acquisition of a network of branches on Nantucket
- A NASDAQ-listed publicly traded community bank based in western Massachusetts, in its merger with another publicly traded bank also headquartered in western Massachusetts, a transaction valued at approximately $108 million
- A NASDAQ-listed community bank located in eastern Massachusetts, in its $96 million acquisition by one of the largest banks headquartered in New England
- One of the largest community banks in Massachusetts, in both its $163 million acquisition of a publicly traded bank based in Boston, Massachusetts and its earlier $170 million acquisition of a publicly traded bank in eastern Massachusetts
- A publicly traded mutual holding company located in eastern Massachusetts, in its acquisition by another mutual savings bank headquartered in Massachusetts
- One of the largest community banks in Massachusetts, in its $105 million acquisition of a publicly traded bank located in southeastern Massachusetts for a combination of stock and cash
- A New York Stock Exchange-listed insurance holding company, in its $2.2 billion acquisition by a holding company headquartered in Europe
- A NASDAQ-listed bank holding company, in its $180 million acquisition by a publicly-traded regional banking company
- A California-based bank holding company in its acquisitions of five banks in transactions valued at a total of approximately $150 million
- A NASDAQ-listed company in its simultaneous acquisitions of two businesses from its majority stockholder in a transaction having a combined value of $1.6 billion, and in that client’s subsequent acquisition of a company valued at approximately $260 million
- A New York Stock Exchange-listed specialty chemical company, in its $300 million acquisition of another chemical company
- A NASDAQ-listed utility company headquartered in New Hampshire, in its agreement to be acquired by a New Hampshire municipality
- A New York Stock Exchange-listed insurance holding company, in its $80 million acquisition of a multi-state insurance company and its related joint venture with a strategic partner
Michael's corporate finance experience includes:
- A $1.8 billion initial public offering by Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC), the holding company of Eastern Bank
- A $278 million initial public offering by a community bank headquartered in Massachusetts, representing as selling agent a nationally recognized investment banking firm specializing in the financial services sector
- A $102 million underwritten public offering by a New England-based, NASDAQ-listed banking company, representing as underwriter a nationally recognized investment banking firm specializing in the financial services sector
- A $60 million underwritten public offering by a New England-based, NASDAQ-listed banking company, representing as underwriter a nationally recognized investment banking firm specializing in the financial services sector
- An $11 million underwritten public offering by a New England-based, NASDAQ-listed banking company, representing as underwriter a nationally recognized investment banking firm specializing in the financial services sector
- A $38 million private placement of equity interests in a bank holding company organized as an LLC, representing the placement agent, a nationally recognized investment banking firm specializing in the financial services sector
- A $300 million public offering of senior debt by a New York Stock Exchange–listed insurance holding company
- A $20 million initial public offering by a bank holding company
- An $80 million private placement of common and preferred stock and trust originated by Subordinated Capital Income Securities to fund an acquisition by a bank holding company
- A $125 million initial public offering by an insurance company
- A $19 million public offering of common stock by a New Hampshire utility company
- A $49 million public offering of tax-exempt bonds by a New Hampshire utility through the Business Finance Authority of the State of New Hampshire
- A $30 million leveraged self-tender by a manufacturing company
Read More
Experience
Experience
News & Insights
News
Speaking Engagements
Publications
Honors
Honors
- Chambers USA, Leading U.S. Banking and Finance: Corporate & Regulatory Attorney,
2005-2007 and 2011-2024 - The Best Lawyers in America, 2017-2025
- Massachusetts Super Lawyers, 2006-2010, 2014-2018, 2021-2024
- Super Lawyers Business Edition, 2011 and 2014-2015
- Super Lawyers, Corporate Counsel Edition, 2009
Education & Admissions
Education
Boston University School of Law, J.D., cum laude
University of Pennsylvania, B.A., cum laude
Admissions
- Massachusetts
- New Hampshire
Practices
Industries
Notable Experience
Mike represented Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC), the holding company of Eastern Bank, in EBC’s $1.8 billion initial public offering, the largest full conversion of a mutual bank in U.S. banking history.
Mike has represented clients before various federal and state regulatory agencies, including the Federal Reserve, OCC, FDIC, the Massachusetts Division of Banks, the New Hampshire Banking Department, and the California Department of Financial Institutions.
Noteworthy
- Chambers USA, Leading U.S. Banking and Finance: Corporate & Regulatory Attorney, 2005-2007, 2011-2024
- The Best Lawyers in America, 2017-2025
- Massachusetts Super Lawyers, 2006-2010, 2014-2018, 2021-2024
- Super Lawyers Business Edition, 2011 and 2014-2015
- Super Lawyers, Corporate Counsel Edition, 2009