Latest Mass. Bank Merger Joins Berkshires, Taunton
Massachusetts’ newest mutual holding company combination will see banks on opposite sides of Massachusetts join forces.
Massachusetts’ newest mutual holding company combination will see banks on opposite sides of Massachusetts join forces.
PeoplesBank and Cornerstone Bank say they have completed the merger of their holding companies into one $6 billion-asset entity.
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
Both banks will continue operating independently from each other but say they will have the ability to support each other in taking on more of bigger loans.
As he looks forward to the bank completing its merger with Fidelity Bank, Cape Cod 5 CEO Matthew Burke thinks it is essential for smaller banks to look at mergers and partnerships to survive the pressures of a high-interest rate economy.