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.

Coastal Heritage Bank, Scituate Federal Finalize Merger

by Banker & Tradesman time to read: <1 min
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