Kendall Law Group Investigates Wainright Bank & Trust Co. Acquisition for Shareholders

Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Wainright Bank & Trust Co. (NASDAQ: WAIN) for shareholders in connection with the proposed acquisition of the company by Eastern Bank. The firm’s investigation seeks to determine whether Wainright and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Wainright shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [e-mail].

On June 29, 2010, the companies announced that they had entered into an agreement for Wainright to be acquired by Eastern Bank in a transaction valued at approximately $163 million. Wainright shareholders will receive $19.00 for each share of common stock and common stock equivalent outstanding. On March 31, 2010, Wainwright had “assets of approximately $1.0 billion” and was “considered well-capitalized under applicable regulatory capital guidelines.” Robert Glassman and John Plukas, founders and current chairmen of Wainwright are expected to join the board of directors of Eastern Bank Corporation and Eastern Bank upon the closing of the agreement. In addition, Wainright president and CEO Jan A. Miller will become the president of Eastern Bank Corporation and executive vice president of Eastern Bank.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.