Blue Hills Bank CEO to Make Millions Upon Acquisition Completion
When Rockland Trust closes on its acquisition of Blue Hills Bank, President and CEO William Parent is going to be a very rich man.
Cambridge Trust Expands New Hampshire Presence with Acquisition
Up until recently, Cambridge Trust only had a small presence in New Hampshire through its wealth management business. Now, the bank is expanding in a big way, not only adding a significant retail presence, but a whole new platform to offer its premier banking services to.
PeoplesBank Completes Latest Acquisition
The parent company of Holyoke-based PeoplesBank has completed its acquisition of The First National Bank of Suffield, the bank said last week.
Belmont Savings Bank Acquired by People’s United
Less than two months after completing its purchase of Farmington Bank in Connecticut, the parent company of People’s United Bank is shopping again.
Hancock Assoc. Announces Acquisition of Boston Engineering Firm
Danvers-based Hancock Assoc. has acquired a Boston land planning and civil engineering firm.
Silicon Valley Bank Parent to Buy Boston Investment Bank
The parent company of Silicon Valley Bank is buying a Boston investment bank.
Kinlin Grover Completes Acquisition
Kinlin Grover Real Estate, a subsidiary of The Randall Family of Companies, has completed its acquisition of Real Estate Associates of Cape Cod.
Rockland Trust to Close on Purchase of Milford National Bank
Rockland Trust will complete its merger of Milford National Bank and Trust and its parent within the next few days.
Citizens Financial Group to Acquire New York Wealth Management Firm
Citizens Financial Group is acquiring a New York wealth management firm.
Alexion Pharmaceuticals Completes Acquisition
Alexion Pharmaceuticals Inc. has completed its acquisition of Syntimmune.
Berkshire Hathaway Acquires Cambridge’s Largest Independent Brokerage
Berkshire Hathaway HomeServices Commonwealth Real Estate has acquired Cambridge’s largest independent brokerage.
Hornsea Divestment Limits Financial Impact of Orsted’s U.S. Investments
Orsted’s acquisition of Deepwater Wind, a move designed to strengthen the company’s position in the U.S. offshore wind market, is positive from a business risk perspective but will have a negative impact on Orsted’s leverage
Rockland Trust to Acquire Blue Hills Bank
The parent company of Rockland Trust announced yesterday that it would acquire the parent company of Hyde Park-based Blue Hills Bank in a deal that will give Rockland the largest deposit share in Massachusetts, the largest branch network and bring the company over $11 billion in assets.
HarborOne Receives Regulatory Approval for Acquisition, Issues Debt Offering
The parent company of Brockton-based HarborOne Bank has received the necessary regulatory approvals to complete its acquisition of the parent company of Warwick, Rhode Island-based Coastway Bank.
Salem Five Completes Acquisition of Sage Bank
The parent company of Salem Five Bank has completed its acquisition of Lowell-based Sage Bank. The acquisition was announced in April and Salem Five expects a full conversion this fall.
Group Comes Out in Opposition to People’s United/Farmington Deal
A nongovernmental organization focused on fairness in the financial services industry has come out against People’s United Bank’s proposed acquisition of the parent company of Farmington Bank.
Western MA Holding Company Acquires Pilgrim Bank
A bank holding company in Western Massachusetts has snatched up a small South Shore bank, its first move into the eastern part of the state.
Holyoke-Based PeoplesBank Moves into Connecticut with Acquisition
Holyoke-based PeoplesBank is expanding into Connecticut.
State Street’s Shares Fall Following Acquisition
State Street Corp.’s purchase of Charles River Development caused shares to slide Friday, as investors questioned the firm’s plan to complete the acquisition as well as the price tag.
Finastra Acquires Malauzai
The third largest fintech company in the world has purchased a provider of mobile and internet banking solutions for community banks and credit unions.
