Reading Cooperative Bank Merger Given Green Light
The merger of Reading Cooperative Bank and Wakefield Co-operative Bank has been approved by regulators and will officially close on May 1, the two banks announced Tuesday.
Latest Mass. Bank Merger Joins Berkshires, Taunton
Massachusetts’ newest mutual holding company combination will see banks on opposite sides of Massachusetts join forces.
Berkshire Bank Raises $100M to Support Brookline Merger
Berkshire Bank executive say the bank has raised $100 million in capital to support its upcoming merger with Brookline Bank.
Berkshire Bank and Brookline Bank Plan $1.1B Merger
According to a securities filing, the holding companies of Berkshire Bank and Brookline Bank are planning to join forces in a merger of equals.
Rockland Trust to Acquire Enterprise Bank
Rockland Trust has announced that it plans to acquire Enterprise Bank in a cash and stock transaction valued at $562 million.
Eastern Bank Outperforms Merger Expectations
In its third-quarter earnings call, Eastern Bank highlighted how it had outperformed merger expectations now that the Cambridge Trust merger is in the rearview mirror.
Abington Bank Finalizes Merger with North Shore Bank
This transaction is the seventh strategic merger for Hometown Financial Group in the last nine years.
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.”
Arrha Credit Union, Pittsfield Cooperative Bank to Merge
Springfield-based Arrha Credit Union and Pittsfield Cooperative Bank are seeking to merge, the first example of this controversial deal type in Massachusetts in recent years.
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.
Eastern Bank Predicts Cambridge Merger Will Close in Q3
Eastern Bank executive said they are highly confident the bank’s merger with Cambridge Trust won’t be delayed much longer.
Eastern Bank-Cambridge Trust Merger Hits Delay
Eastern Bank and Cambridge Trust say their merger, formerly anticipated to close in the first quarter, won’t be completed on schedule.
North Shore Bank, Abington Bank to Merge
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
Lower Costs Improve Q4 Profits for Cambridge Trust
Cambridge Trust recorded a $2.7 million decline in non-interest, non-recurring expenses which resulted in a higher net income in the fourth quarter.
Eastern-Cambridge Merger Will Lead to 11 Branch Closures
Eastern Bank said the merger with Cambridge Trust will lead to some branch closures, with many of both banks’ branches less than a mile from each other.
Two Banks, One Goal: $1B or More
Even after more than 40 years in the banking industry, John Galvani has no plans to retire. He just led Norwood Bank through the acquisition of Foxboro Federal Savings, and will lead it through a second change when it officially adopts the name “OneLocal Bank” in April.
Mutual Banks Look to Gain from M&A Wave
While the level of turmoil will likely vary with each of the five major mergers planned by banks based locally or with significant presence here, mutual bank leaders see opportunities to gain customers and skilled employees.
Boston Private Says Shareholders Approve Merger with SVB
Boston Private’s shareholders have approved the merger with the parent company of Silicon Valley Bank after the bank delayed the vote for a week to gather more support for the deal.
