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.
Mergers Seen as Strengthening Smaller Mass. Banks
Critics of bank consolidation often say mergers harm consumers by limiting competition and reducing local lending. But smaller local banks involved in two recent deals say the moves are necessary for them and their customers to thrive.
Envision Bank Sees Merger As Answer to Competiton
In a move that Envision Bank’s President and CEO William Parent said would provide the resources to compete with larger institutions, the bank’s parent company has agreed to sell itself to Easthampton-based Hometown Financial Group Inc.
Matthew Sosik Named to MHP Board
Gov. Charlie Baker has appointed Matthew Sosik, president and CEO of Hometown Financial Group, to the board of directors of the Massachusetts Housing Partnership
Personnel File
Members of the banking & real estate industries have been on the move recently. See who’s been hired and promoted in this week’s Personnel File!
Pilgrim Bank Completes Merger With Abington Bank
Hometown Financial Group and its subsidiary Pilgrim Bank have completed their merger with Abington Bank.
Hometown Financial Group Announces Second Merger in February
Hometown Financial Group continues to shop aggressively as it announced today that it will merge with and absorb Millbury Savings Bank into its subsidiary, Oxford-based bankHometown.
Hometown Financial Group Buys Another Bank South of Boston
Hometown Financial Group is not wasting any time. A week after completing its nearly $54 million acquisition of Cohasset-based Pilgrim Bank, the mutual holding company has already announced another merger.
Hometown Financial Group Completes Acquisition of Pilgrim Bank
Hometown Financial Group has received all necessary regulatory approvals and completed its acquisition of Cohasset-based Pilgrim Bank.
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