Needham Bank Shares to Start Trading Dec. 28

Needham Bank has secured all required approvals for its initial public offering and its conversion from a mutual bank to a stock bank. The bank’s shares will start trading on the Nasdaq Capital Market on Dec. 28 under the symbol NBBK.

Rockland Trust

Rockland Trust to Acquire Blue Hills Bank

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.