Bluestone Bank Joins with Cape Cod 5
Raynham-based Bluestone Bank is merging its mutual holding company with that of Cape Cod 5 to create an $8.8 billion-asset organization.
Needham Bank and BankProv Merger Receives Approval
Needham Bank now has official approval for its latest acquisition: Amesbury-based BankProv.
Activist Investor Calls for Eastern Bank Sale
An activist investor has called for Eastern Bank to put itself up for sale and is threatening a proxy fight to install allies on the bank’s board of directors.
Community Credit Union to Merge into Rockland Federal CU
Rockland Federal Credit Union has entered an agreement to absorb Community Credit Union of Lynn, creating a $3.6 billion-asset lender with 200,000 members.
Eastern Bank Gets Regulatory OK for HarborOne Acquisition
Eastern said it expects to formalize the tie-up on Nov. 1, but a core systems conversion won’t take place until next year.
End of a Momentous Chapter for PeoplesBank
As CEO of PeoplesBank, Tom Senecal has led the mutual bank through some huge changes in the last 10 years, and helped set its course for the future.
M&T Bank CEO Looking for More M&A
Speaking at an event in Boston, M&T Bank CEO René Jones predicted more M&A activity in the Northeast – including some driven by his own institution.
Berkshire, Brookline Given Go-Ahead to Merge
Berkshire Bank and the multi-bank parent company for Brookline Bank announced they have received all required regulatory approvals to complete their $1.1 billion proposed merger.
St. Mary’s Credit Union Merging with MetroWest Community Federal Credit Union
Marlborough-based St. Mary’s Credit Union and Framingham-based MetroWest Community Federal Credit Union plan to join up.
Cornerstone Bank Merging With Athol Savings Bank
The merger would expand Cornerstone into North Central Massachusetts and comes less than a year after it merged with PeoplesBank.
Rockland Trust Completes Acquisition of Enterprise Bank
Rockland Trust has completed its acquisition of Enterprise Bank, with Enterprise shareholders receiving $1.3 million less in cash than originally anticipated.
Big Costs Could Limit Small Banks’ Ability to Merge
This year started off looking like a bumper year for bank M&A in Massachusetts. But there’s an anchor out there that’s likely holding back more combinations.
Needham Bank to Acquire BankProv for $211M
Needham Bank will acquire Amesbury-based BankProv, representing its first foray outside of Massachusetts’ borders.
Hometown Financial Doesn’t Rule Out Continued Expansion
Even with the ink still not dry on its agreement to acquire Colonial Federal Savings Bank, Hometown Financial Group’s CEO says the mutual holding company wants to grow further.
Hometown Financial Group Buying Colonial Federal Savings Bank
North Shore Bank, part of Hometown Financial Group, will buy Quincy-based Colonial Federal Savings Bank in a $44 million deal.
Eastern Bank to Buy HarborOne in $490M Deal
Eastern Bank says it’s agreed to buy HarborOne Bank in a cash-and-stock deal that will give the former a substantial beachhead in the Rhode Island market.
Avidia Bank Plans to Convert to Stock Ownership
A MetroWest bank that came to prominence for its digital-forward thinking is taking a step to raise millions in cash – and potentially make it easier to acquire other banks.
Beacon Hill Could Allow Credit Unions to Absorb Mutual Banks
A bill that would allow for Massachusetts credit unions to take over mutual banks passed its first hurdle yesterday: Getting a committee hearing.
PeoplesBank and Cornerstone Bank Complete Merger
PeoplesBank and Cornerstone Bank say they have completed the merger of their holding companies into one $6 billion-asset entity.
Reading Co-op, Wakefield Cooperative Announce Merger
Reading Cooperative Bank and Wakefield Cooperative Bank say they will be entering into “a partnership” that will leave Reading Cooperative as the surviving brand.
