Rockland Trust Co.’s upcoming acquisition of East Boston Savings Bank will involve a branch consolidation and job losses, but about 18 branch employees already know where their next job will be.
The merger of Eastern Bank and Century Bank later this year will result in 17 branch closings, and each bank will lose nearly an equal number of locations.
The merger of East Boston Savings Bank and Rockland Trust will result in 18 branch closings, including nine locations in Boston, according to the public notice for the proposed merger.
Connecticut-based Webster Bank will close four of its seven Boston branches as part of a consolidation plan that will reduce its branch footprint by 17 percent.
Webster Bank plans to close 27 of its New England branches, making it the second bank in the region to announce consolidation plans this week.
At least two Berkshire Bank branches in Western Massachusetts will close as part of a branch consolidation that will eventually see 16 locations shutter in New England and New York.
Most of the cost savings that People’s United will achieve when it completes its purchase of Hartford-based United Bank will be through staff and branch reductions.
