Deposit Funds Could Merge This Month
A proposed merger between two funds that insure excess deposits at Massachusetts savings and cooperative banks could happen later this month.
State Deposit Funds Look to Merge
by Diane McLaughlin | Sep 29, 2019
After 85 years operating separately to insure deposits in Massachusetts banks, the state’s two insurance funds have decided to merge. The Depositors Insurance Fund and the Co-operative Central Bank see their proposed merger as a way to increase efficiencies.
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