Colonial Federal Savings Bank Acquired by Hometown Financial
Hometown Financial Group has completed its acquisition of Colonial Federal Savings Bank, the holding company’s eighth merger in a decade.
September Rate Cut Will Be Felt in CRE Refi Market
A highly anticipated rate cut in September will help Massachusetts developments looking to refinance debt, but bankers don’t expect much immediate impact on loan pricing.
Big Costs Could Limit Small Banks’ Ability to Merge
This year started off looking like a bumper year for bank M&A in Massachusetts. But there’s an anchor out there that’s likely holding back more combinations.
North Shore Bank Names New CEO
North Shore Bank has named Michael R. Wheeler as its new president and chief executive officer, just a day after announcing a merger.
Hometown Financial Group Buying Colonial Federal Savings Bank
North Shore Bank, part of Hometown Financial Group, will buy Quincy-based Colonial Federal Savings Bank in a $44 million deal.
In Tariff War, Mass. Banks Could Lose
The Trump administration’s back-and-forth tariff policy is engendering skepticism from local financial institutions at the same time it appears to be scaring consumers and local businesses.
Execs See Pressures Building for More Bank M&A in 2025
With the Federal Reserve expected to dramatically slow its pace of rate cuts, top Massachusetts bankers say they anticipate more consolidation this year.
Personnel File – No. 397
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Abington Bank Finalizes Merger with North Shore Bank
This transaction is the seventh strategic merger for Hometown Financial Group in the last nine years.
Mass. Banks Stare Down Zelle Fraud
Sophisticated bank scammers aren’t going away – and nor are controversies over banks’ reimbursement policies for victims of fraud involving leading instant-payment tools.
North Shore Bank, Abington Bank to Merge
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
CUs, Small Mutuals Find Wins
While the state’s regional banks face liquidity pressures and have tightened their credit standards so far this year, Massachusetts’ smaller credit unions and mutual banks saw skyrocketing growth in commercial loan volumes in the first six months of the year.
Merger Wave Raises Risks of Customer Losses
The recent spate of bank mergers has shaken patrons’ trust in Eastern Massachusetts’ community banks, leaving CEOs to grapple with a new threat to customer retention.
Personnel File – No. 307
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Hometown Financial Group Gets Approval for Envision Bank Acquisition
The merger of Quincy-based Envision Bank into Abington Bank could happen next week now that the deal has received regulatory approval.
Envision Bank Merger Will See 56 Layoffs
More than 50 Envision Bank employees will lose their jobs as part of the bank’s upcoming acquisition by Hometown Financial Group.
Fed Assesses $17K Penalty on BankESB
The Federal Reserve Board assessed a $17,000 penalty against Easthampton Savings Bank – known by its brand name bankESB – for allegedly violating National Flood Insurance Program regulations.
Envision Bank Shareholders Approve Merger With Hometown
Hometown Financial Group’s acquisition of Quincy-based Envision Bank moved a step forward last week after shareholders of Envision Bank’s parent company approved the deal.
Rapid-Fire Mergers Give Boosts to Growing Lenders
In less than 18 hours last month, Greater Boston saw two more banks announce acquisition deals. Analysts see strategic, long-term impacts for both lenders.
SEC Filing: Changing Market Conditions Curbed Interest in Envision Bank Deal
Market conditions prompted two banks to drop out of the running to acquire Envision Bank, according to a recent filing with the Securities and Exchange Commission.
