Pittsfield-Arrha Merger Elicits Mixed Feelings from Industry Leaders
Springfield’s Arrha Credit Union will be merging into Pittsfield Cooperative Bank, with a prominent credit union leader expressing “disappointment.”
Eastern Bank Looks Ahead to Merger Benefits
Eastern Bank closed its merger with Cambridge Trust earlier this month, and executives spent part of the bank’s second-quarter earnings call looking ahead to the deal’s benefits while not expressing any immediate desire to continue expansion.
Eastern Completes Merger with Cambridge Trust, Names Rosato CFO
Eastern Bank announced today that its merger with Cambridge Trust has successfully closed.
Eastern-Cambridge Merger Moves Forward with New Board Members
Eastern Bank’s pending merger with Cambridge Trust has taken another step closer to completion with the recent appointment of four Cambridge Trust directors to Eastern’s board.
PeoplesBank, Cornerstone Bank to Merge
Western Massachusetts’ biggest local bank and a prominent Worcester-area community bank say they plan to merge holding companies, the latest pair of mutual banks to combine using this increasingly popular method.
Eastern, Cambridge Trust Finally Cleared to Merge
After eight months of waiting, Massachusetts’ biggest bank merger deal in years is slated to go ahead.
Cape Cod 5 CEO: ‘Smaller Banks Need to Scale to Survive’
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.
Cape Cod 5, Fidelity Bank to Merge Holding Companies
Parent holding companies of Cape Cod 5 and Fidelity Bank are merging under one, $7 billion-asset mutual holding company.
CEO Rivers: Eastern-Cambridge Merger to Create ‘Powerhouse’
The head of Eastern Bank says its proposed $528 million all-stock merger with Cambridge Trust will create a local winner that can challenge Santander for deposit share in Greater Boston.
Eastern Bank Files to Buy Cambridge Trust
Boston-based Eastern Bank will buy Cambridge Trust and sell its insurance division according to documents filed with the Securities and Exchange Commission after the close of trading Tuesday.
NBT Bank to Gain Three Berkshires Branches in Acquisition
Salisbury Bank’s three Berkshires-area branches are set to be converted as NBT Bank offices on Aug. 14 as the merger between the two banks received a go signal from government regulators.
Fed May Tighten Regulation After Bank Failures, Powell Says
Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring.
TD Bank, First Horizon Call Off Merger
TD Bank Group had called off its planned acquisition of a Tennessee-based regional bank that would have expanded TD Bank’s presence in the U.S. Southeast.
Shareholders Approve Merger of Banks With Berkshire County Branches
The merger between Connecticut-based Salisbury Bank and New York-based NBT Bank has moved a step closer to completion after Salisbury’s shareholders voted in favor of the deal. Both banks have branches in Berkshire County.
Bank Holding Company Merger Brings Benefits
While the failures of two U.S. banks had no impact on the decision by Dedham Savings and Weymouth-based South Shore Bank to merge their holding companies, the bank’s leaders see some benefits from the timing of their announcement.
FDIC to Sell Ex-Boston Private Separately from SVB
The FDIC plans to sell the legacy Boston Private business separately from the rest of Silicon Valley Bank through a new process announced this morning.
Parent Companies of Dedham Savings, South Shore Bank to Merge
The mutual holding companies of Dedham Savings and South Shore Bank plan to combine without merging the two banks.
Security Tools Helped Drive M&T Conversion Issues
Tools meant to protect consumer accounts helped cause the high-profile problems People’s United Bank customers faced during M&T Bank’s system conversion last year.
How Two Acquisitions Set Rockland Trust Up for Success
Over 20 years, Christopher Oddleifson piloted Rockland Trust through careful, but opportunistic acquisitions that turned the institution into a survivor, instead of a statistic.
Norwood Bank Has New Name
Norwood Bank has rolled out a new name after completing its acquisition of Foxboro Federal Savings in December.
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