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BNH Financial, unit complete purchase of Community Guaranty


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BNH Financial, unit complete purchase of Community Guaranty

Laconia, N.H.-basedBNH Financial and unitBank of New Hampshire($1.26 billion) closed the purchaseof Plymouth, N.H.-based CommunityGuaranty Corp. and unit CommunityGuaranty Savings Bank ($109.1 million).

The cash , valued at about $12.9million, or $65.10 per Community Guaranty common share, creates a $1.3 billion institution,according to a news release.

Sandler O'Neill& Partners LP served as financial adviser and Nutter McClennen and Fish LLPwas legal counsel for BNH Financial and Bank of New Hampshire. FIG Partners wasfinancial adviser and Cranmore FitzGerald and Meaney was legal counsel for CommunityGuaranty Corp. and Community Guaranty Savings Bank.