At a recent special meeting, stockholders of Medway-based Service Bancorp, the holding company for Strata Bank, approved the bank’s previously announced merger with Middlesex Savings Bank.

The transaction remains subject to several conditions, including the receipt of regulatory approvals, and the approval of two-thirds of the respective corporators of each of Service MHC (Strata’s holding company) and Middlesex Bancorp MHC, a mutual holding company which Middlesex is expected to form (subject to receipt of required approvals), according to a Strata Bank statement.

Service Bancorp Stockholders Approve Merger With Middlesex Savings

by Banker & Tradesman time to read: <1 min
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