Everett Bank’s Donation Led to Third-Quarter Loss
In a quarter that included its conversion to a stock bank, Everett Bank saw a third quarter earnings loss, driven by a donation to its new charitable foundation.
Everett Bank Adds to Multifamily Loan Portfolio in Lead-Up to IPO
Everett Bank saw its multifamily real estate loans increase by nearly 80 percent during the first six months of 2022, the bank’s final quarters before converting to a stock bank.
Everett Bank Raises $89M in Stock Conversion
Massachusetts now has another stock bank after Everett Bank converted from a mutual cooperative bank yesterday, raising $89.2 million in its initial public offering.
