School and Playground Architects studioMLA Bought By NY Firm
Albany-based Ashley McGraw Architects announced it’s acquired studioMLA Architects, a 15-person architecture, landscape and interior design firm located in Brookline.
Cambridge Savings Bank Provides Financing for Formaggio Kitchen
Cambridge Savings Bank has provided $5.3 million in lending to support new ownership of Formaggio Kitchen, a regional chain of gourmet food stores.
Webster Bank to Acquire interLINK
Connecticut-based Webster Bank has agreed to acquire a deposit management platform, adding more than $9 billion in core deposits to the bank.
Eastern Bank’s Insurance Division Makes 35th Acquisition
Eastern Bank’s insurance division has made its first acquisition this year and its 35th acquisition over the past 20 years.
Eastern Bank’s Insurance Division Makes Second Acquisition This Year
Eastern Bank’s insurance division has acquired another independent insurance agency, its 34th acquisition since 2002.
Morgan Stanley to Buy Eaton Vance in $7B Deal
Morgan Stanley will buy Boston-based investment management firm Eaton Vance in a deal valued at about $7 billion.
McGurk’s Bid to Stop Purchase of United Bank Faces Big Obstacles
William McGurk, one of the largest private shareholders in United Bank, has been outspoken about his disappointment in People’s United Bank’s planned $759 million purchase of United. But he faces a difficult path to blocking the merger.
Rockland Trust Spent Q2 Boosting Capabilities With New Blue Hills Team
The parent company of Rockland Trust spent most of the second quarter integrating the parent company of Blue Hills Bank into its fold.
United Bank’s Largest Private Shareholder Slams Planned Acquisition
The largest private shareholder of United Financial Bancorp stock has criticized the company’s planned acquisition by People’s United Bank.
People’s United Expects Branch Consolidation and Employee Reductions from United Bank Purchase
Most of the cost savings that People’s United will achieve when it completes its purchase of Hartford-based United Bank will be through staff and branch reductions.
People’s United to Purchase United Bank Parent in $759M Deal
People’s United Bank will cross the $50 billion asset threshold with its third bank purchase in a little more than a year.
Berkshire to Close on Acquisition of Savings Institute Parent Tomorrow
The parent company of Berkshire Bank has received all regulatory approvals and expects to close on its acquisition of the parent company of Willimantic, Connecticut-based Savings Institute Bank & Trust at the end of the business day tomorrow.
Cambridge Trust Closes on Acquisition of New Hampshire Bank
The parent company of Cambridge Trust has completed its purchase of Portsmouth, New Hampshire-based Optima Bank & Trust.
People’s United Closes on Belmont Savings Acquisition
The parent company of People’s United Bank has closed on its merger of the parent company of Belmont Savings Bank, BSB Bancorp reported in a regulatory filing this morning.
Rockland Trust Parent to Close on Acquisition of Blue Hills Bank April 1
The parent company of Rockland Trust has received all regulatory approvals and will close on its acquisition of the parent company of Blue Hills Bank on April 1, both companies said in a joint statement yesterday.
Berkshire Bank CEO’s Departure Put Bank’s Purchase of Savings Institute in Question
When Berkshire Bank’s longtime President and CEO Michael Daly abruptly left the bank at the end of November, a storm of questions followed from the media, analysts and other stakeholders. But the departure also put an acquisition that Berkshire had been close to announcing at the time in flux.
Hometown Financial Group Completes Acquisition of Pilgrim Bank
Hometown Financial Group has received all necessary regulatory approvals and completed its acquisition of Cohasset-based Pilgrim Bank.
Rockland Trust to Cut 80 Blue Hills Bank Employees as Result of Acquisition
Rockland Trust is planning to lay off 80 people from Blue Hills Bank once it completes its acquisition of the company, as a result of duplicate back office jobs that Rockland already has filled and does not need additional staff for.
Belmont Savings Bank Execs to Make Millions from People’s United Acquisition
Executives at Belmont Savings Bank will collect big payouts once People’s United Bank officially completes its acquisition of the company.
How Belmont Savings Landed on People’s United as a Buyer
Heading into 2018, management and the board of directors at the parent company of Belmont Savings Bank saw that there was no shortage of challenges in front of them if they were to sustain their successful track record of loan and earnings growth.
