
Blue Hills Acquisition Likely Fueled by Lack of Growth Potential
The rate of consolidation in the banking industry has lately been a cause for concern, as fewer banks typically means reduced access to banking services and small business loans.
The rate of consolidation in the banking industry has lately been a cause for concern, as fewer banks typically means reduced access to banking services and small business loans.
The parent company of Rockland Trust announced yesterday that it would acquire the parent company of Hyde Park-based Blue Hills Bank in a deal that will give Rockland the largest deposit share in Massachusetts, the largest branch network and bring the company over $11 billion in assets.
Rachel Chisholm describes herself as a “people person,” and it is apparent that she thrives on her community involvement, dedication to advancing her employees and assisting her customers. “I love mentoring, developing, coaching people. Between that and the customers, I think that’s my favorite – really interacting. I’m a people person, so having that interaction with people is really the highlight.”