Community Good Works
It’s the scholarship season — check out who donated how much to students this year.
Community Good Works
Alltrust Credit Union, based in Fairhaven, said it gave $2,000 to M.O. Life Food Pantry, in honor of retiring 37-year member of its board Fred Peccini. See who else gave back.
Abington Bank Finalizes Merger with North Shore Bank
This transaction is the seventh strategic merger for Hometown Financial Group in the last nine years.
North Shore Bank, Abington Bank to Merge
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
CUs, Small Mutuals Find Wins
While the state’s regional banks face liquidity pressures and have tightened their credit standards so far this year, Massachusetts’ smaller credit unions and mutual banks saw skyrocketing growth in commercial loan volumes in the first six months of the year.
Hometown Financial Group Gets Approval for Envision Bank Acquisition
The merger of Quincy-based Envision Bank into Abington Bank could happen next week now that the deal has received regulatory approval.
Envision Bank Merger Will See 56 Layoffs
More than 50 Envision Bank employees will lose their jobs as part of the bank’s upcoming acquisition by Hometown Financial Group.
Mergers Seen as Strengthening Smaller Mass. Banks
Critics of bank consolidation often say mergers harm consumers by limiting competition and reducing local lending. But smaller local banks involved in two recent deals say the moves are necessary for them and their customers to thrive.
Envision Bank Sees Merger As Answer to Competiton
In a move that Envision Bank’s President and CEO William Parent said would provide the resources to compete with larger institutions, the bank’s parent company has agreed to sell itself to Easthampton-based Hometown Financial Group Inc.
Hometown Financial Group to Acquire Envision Bank
Easthampton-based Hometown Financial Group, Inc. has agreed to acquire Randolph Bancorp, the parent company of Quincy-based Envision Bank, in a deal valued at approximately $146.5 million.
Pilgrim Bank Completes Merger With Abington Bank
Hometown Financial Group and its subsidiary Pilgrim Bank have completed their merger with Abington Bank.
Hometown Financial Group Buys Another Bank South of Boston
Hometown Financial Group is not wasting any time. A week after completing its nearly $54 million acquisition of Cohasset-based Pilgrim Bank, the mutual holding company has already announced another merger.
In Its Second Merger This Year, Abington Bank Will Merge With Avon Co-op
Close on the heels of its recent merger with Holbrook Cooperative Bank, Abington Bank yesterday announced it will merge later this year with Avon Co-operative Bank.
Abington Bank, Holbrook Co-Operative Bank Announce Merger
Abington Bank, a Massachusetts chartered co-operative bank with assets of $135 million, and Holbrook Co-operative Bank, a Massachusetts chartered co-operative with assets of $105 million, announced today that they have executed a definitive merger agreement.
Community Good Works
Abington Bank, Country Bank and Leominster Credit...
