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. 

Cambridge Trust

Cambridge Trust Co. to Merge with Wellesley Bank

The holding companies for Cambridge Trust Company and Wellesley Bank have entered into an agreement in which Wellesley Bancorp Inc. will merge with and into Cambridge Bancorp in an all-stock transaction, according to a joint statement from the banks.