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Haverhill-based Pentucket Bank has reached $1 billion in assets, as it grew in its Massachusetts and New Hampshire markets with the help of its recent holding company merger with Newburyport Bank.

The bank partnered with $1.5 billion-asset Newburyport Bank earlier this year, as the two banks merged their mutual holding companies to form a new mutual holding firm River Run Bancorp MHC. River Run has a total of over $2.5 billion in assets from Pentucket Bank and Newburyport Bank. Both banks operate independently.

In mutual holding company-only mergers, banks benefit from each other with the help of shared services as they can help each other take on bigger loans.

“This achievement is a testament to the dedication, hard work, and unwavering commitment of each and every one of our employees. It is a testament to everyone embracing the vision of providing exceptional service and providing heartfelt support to our customers, communities, and each other,” Pentucket Bank CEO Jonathan Dowst and President Eric Leuteritz said in a joint statement.

Pentucket Bank has six community banking offices at present: three in Haverhill, one in North Andover, one in Hampstead, New Hampshire, and one in Salem, New Hampshire.