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Nutter Advises Commerce Bancshares in Proposed Merger with Berkshire Hills
Print PDFNutter 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. Mike Krebs, chair of Nutter’s Business Department and co-chair of the firm’s Banking and Financial Services practice group, and Joshua Gray, associate in the Business Department, led the deal team, which also included Mike Mooney, chairman and partner in the Tax Department; Elizabeth Norman, partner in the Tax Department; Crescent Moran Chasteen, Of Counsel in the Tax Department; Meghan Kelly, associate in the Business Department; Erin Whitney, associate in the Tax Department; and Jessica Alfano Powell, associate in the Real Estate Department.
Berkshire’s total assets are expected to increase to $12 billion, including the $2.2 billion in acquired Commerce assets. Commerce reported $1.5 billion in loans and $2.0 billion in deposits as of March 31, 2017. This in-footprint merger includes 13 branches in the Worcester area and three branches in Boston, providing the catalyst for Berkshire to move its corporate headquarters to Boston. Please click for more information on the transaction.
Nutter’s Banking and Financial Services practice group is ranked by Chambers and Partners as among the top banking practices in the nation. Nutter’s community banking practice is regarded 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 law firms nationally in merger and acquisition work for banks, according to the M&A Annual published by the American Banker.
About Nutter
Nutter is a top-tier, 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 lawyers are known for their client-centric approach and extensive experience in business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates. Co-founded in 1879 by Louis D. Brandeis, who later became a renowned justice of the U.S. Supreme Court, Nutter is dedicated to helping companies prosper in today’s fast-paced business environment. For more information, please visit www.nutter.com and follow us on Twitter at @NutterLaw.
