Everett Bank, a cooperative bank with about $666 million in assets and two branches, has hired former executives from Century Bank and East Boston Savings Bank after both banks were acquired in November.
John A. Carroll, the former chief operating officer at East Boston Savings Bank, has been named president and CEO of Winchester Savings Bank. He replaces Peter Segerstrom, who has retired after working at the bank for 43 years.
Three of the branches HarborOne Bank acquired from Rockland Trust have now opened, doubling the Brockton-based bank’s footprint in the metropolitan Boston area.
The two mergers involving four of largest Massachusetts-based stock banks were completed on Friday as expected, bringing an end to two long-time fixtures in Greater Boston’s banking landscape.
Greater Boston’s banking landscape will experience a dramatic shift this Friday as two of the region’s largest bank mergers in recent years will take place that day.
In the last full quarter before its expected merger with Rockland Trust, East Boston Savings Bank saw its earnings increase 10 percent over the same quarter last year.
Despite not yet receiving state regulatory approval to acquire East Boston Savings Bank, Rockland Trust Co. still expects to close the deal in the middle of next month.
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.
A Chicago man who robbed banks in Boston and Chicago while claiming each time to have a bomb was sentenced last week to more than six years in prison.
Greater Boston will see 35 bank branches close as a result of upcoming bank mergers, and four of those locations have already been claimed.
Rockland Trust Co. and East Boston Savings Bank have received approval from the Federal Reserve Board for their merger.
Rockland Trust Co.’s acquisition of East Boston Savings Bank moved a step closer to completion yesterday as shareholders of both banks approved the deal.
Rockland Trust Co. remains on track to complete the East Boston Savings Bank acquisition later this year, and the bank plans to continue to look for merger opportunities in the coming years.
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.
A stalemate over pricing in early February initially thwarted Rockland Trust’s attempt to acquire East Boston Savings Bank before talks resumed a few weeks later, according to a new SEC filing.
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.
Rockland Trust and East Boston Savings Bank are assembling a mighty titan to do battle with other regional lenders.
Opportunities to expand commercial banking and wealth management products in Boston and the North Shore are key reasons behind Rockland Trust Co.’s decision to acquire East Boston Savings Bank.
The parent company of Rockland Trust Co. has agreed to acquire East Boston Savings Bank in a deal valued at $1.15 billion.
With banks seeing strong financial results and expecting those returns to continue this year, several local institutions have recently announced plans to reward shareholders and increase their quarterly dividends.
