Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Berkshire Hills Bancorp, Inc. (NYSE: BHLB) in connection with its acquisition of Commerce Bancshares Corp. for approximately $209 million in an all-stock transaction.
Closing of the transaction is subject to approval of Commerce’s shareholders, as well as state and federal regulatory agencies.
Berkshire Hills is the parent of Berkshire Bank and has full-service branch offices in Massachusetts, New York, Connecticut, Vermont, Pennsylvania and New Jersey, providing personal and business banking, insurance, and wealth management services. Commerce Bank serves as a community bank in the Worcester and Boston areas and offers middle-market lending, specialty finance services and maintains relationships with multiple payroll service bureau customers.
The Simpson Thacher team includes Lee Meyerson (Picture) and Sebastian Tiller (M&A).
Law Firms: Simpson Thacher & Bartlett;
Clients: JP Morgan Securities;