Coastal Heritage Bank in Weymouth and Scituate Federal Savings Bank today finalized their merger that was first announced in June.
The combined entity will have $500 million in assets and nine locations in East Bridgewater, Green Harbor, Hanover, Hingham, Marshfield, Norwell, Quincy, Scituate and Weymouth. Coastal Heritage Bank, formerly known as S-Bank, will be the surviving bank.
In a statement, the bank said the merger should not result in any job losses or branch closings.