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.

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.