Vedder is pleased to have represented NSTS Bancorp Inc., the holding company for North Shore Trust and Savings, in its announced merger with Brookfield Bancshares Inc., the holding company for First National Bank of Brookfield.
North Shore will continue to operate under its existing name and federal savings association charter as a subsidiary of Brookfield. The all-cash transaction is valued at approximately $73.7 million.
The Vedder legal team was led by Financial Institutions Group Co-Chair Dan McKay, as well as Financial Institutions Group Co-Chair Jim Morrissey, Capital Markets & Securities Shareholders Tom Desmond and Jennifer Durham King, Executive Compensation & Employee Benefits Shareholder Daniel Lange and Financial Institutions Associate Mackenzie Ellis.
Learn more about the deal here.
