On March 21, Liberty Bank, headquartered in Middletown, Connecticut and SBT Bancorp, Inc., headquartered in Simsbury, Connecticut (SBTB) announced that they have entered into a definitive agreement for the merger of SBT Bancorp, Inc. and The Simsbury Bank & Trust Company with and into Liberty Bank. Day Pitney LLP represented SBTB in connection with this transaction.
Under terms of the agreement, upon completion of the merger, each shareholder of SBT Bancorp, Inc. will receive $51.32 per share in cash, giving the transaction a value of approximately $71 million. The agreement has been unanimously approved by the Boards of Liberty Bank, SBT Bancorp, Inc. and The Simsbury Bank & Trust Company.
The Day Pitney team representing SBTB was led by Robert M. Taylor III and included David Doyle and Christopher Rogers.
The press release can be viewed here.
Day Pitney Partners Stephen Catanzaro, Laurence Smith, and Elizabeth Yoo were featured in New Jersey Law Journal's 2024 New Partners Yearbook, which highlights partners, including lateral partners, made or hired at New Jersey firms.
Day Pitney Partners Sebastian M. Lombardi and Evan C. Reese, III, have been named to the 2024 Lawdragon 500 Leading Energy Lawyers list.
The arrival of New Jersey Corporate Partner Elizabeth Yoo was featured in the New Jersey Law Journal's On the Move and After Hours column.
The news of Elizabeth Yoo joining Day Pitney as a partner in the firm's Corporate practice was featured in Thomson Reuters' The Daily Docket Industry Moves column. Yoo is based in New Jersey.
Day Pitney New Jersey Partner Elizabeth Yoo’s arrival was featured in the Diverse Lawyers Network newsletter. Yoo is a Corporate Partner.
The arrival of New Jersey-based Corporate Partner Elizabeth Yoo was featured in the Law360 Pulse article "Day Pitney Picks Up Another Chiesa Shahinian Corporate Pro."
The arrival of Corporate Partner Laurence Smith and the promotion of Stephen Catanzaro to Partner was featured in the New Jersey Law Journal's On The Move and After Hours column.
The news of Laurence Smith joining Day Pitney as a partner in the firm's Corporate practice was featured in Thomson Reuters' The Daily Docket Industry Moves column.
The arrival of Corporate Partner Elizabeth Yoo to the firm was featured in the Attorney At Law Magazine article "Day Pitney Further Expands Corporate Practice in New Jersey."
Day Pitney Press Release
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