by Diane McLaughlin | Feb 12, 2023
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.
by Diane McLaughlin | May 16, 2021
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.
by Diane McLaughlin | May 4, 2021
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.
by Diane McLaughlin | May 2, 2021
Rockland Trust Co.’s acquisition of East Boston Savings Bank will give it the size needed to stay competitive and opportunities to increase revenue, analysts say, allowing the bank to keep pace with growing rival Eastern Bank.
by Diane McLaughlin | Feb 28, 2021
While M&T’s entry into the market will change the state’s banking landscape, analysts believe the well-run institution will not disrupt the local industry – and it could even open a few opportunities for competitors.
by Banker & Tradesman | Feb 22, 2021
The parent company of Buffalo-based M&T Bank has agreed to acquire Connecticut-based People’s United Bank for a deal valued at $7.6 billion.
by Peter Paul Payack | May 24, 2020
In the age of coronavirus, bank merger deals have to be solemnified with a brand-new gesture.
by Diane McLaughlin | Apr 23, 2020
Boston-based Radius Bank plans to move forward with the acquisition by LendingClub despite the California-based fintech’s reorganization this week due to the effects of the coronavirus pandemic.
by Diane McLaughlin | Feb 19, 2020
Two subsidiaries of holding company Brookline Bancorp have merged into one bank. First Ipswich Bank, which at the end of 2019 had about $466 million in assets, has merged into Brookline Bank.
by Banker & Tradesman | Jan 15, 2020
Taunton-based Bristol County Savings Bank has entered into an agreement to acquire Freedom National Bank in Rhode Island.
by Banker & Tradesman | Dec 19, 2019
Cambridge Savings Bank announced on Wednesday plans to acquire Melrose Bank.
by Diane McLaughlin | Dec 15, 2019
When Cambridge Trust Company acquires Wellesley Bank next year, the private bank will finally have a foothold in a market close to – but just outside – its reach.
by Diane McLaughlin | Dec 9, 2019
While cost and economic pressures drive some bank mergers, that’s not the case for the recently announced plan to combine Bridgewater Savings Bank and Mansfield Bank.
by Diane McLaughlin | Dec 6, 2019
Cambridge Trust Co., will pay $122 million when it acquires Wellesley Bank in an all-stock transaction. It will be Cambridge Trust’s second merger of the year.
by Banker & Tradesman | Dec 5, 2019
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.
by Diane McLaughlin | Dec 4, 2019
People’s United Bank will close 12 branches in western and central Massachusetts, including three in Worcester, as part of its branch consolidation following its acquisition of United Bank.
by Diane McLaughlin | Dec 4, 2019
Bridgewater Savings Bank and Mansfield Bank announced on Wednesday plans to merge the two southeastern Massachusetts mutual banks.
by Diane McLaughlin | Nov 1, 2019
Bridgeport-based People’s United Financial Inc., the holding company for People’s United Bank, acquired United Bank and its holding company, United Financial Bancorp Inc., in an all-stock transaction on Nov. 1.
by Diane McLaughlin | Oct 23, 2019
The merger between Hartford-based United Bank and Bridgeport-based People’s United Bank could happen as early as next week now that United’s shareholders have approved the proposal.
by Diane McLaughlin | Oct 21, 2019
bankHometown has completed its merger with Millbury Savings Bank. Millbury Savings Bank President and CEO Robert J. Morton has been appointed president and CEO of the combined entity.