TD Bank, First Horizon Call Off Merger
TD Bank Group had called off its planned acquisition of a Tennessee-based regional bank that would have expanded TD Bank’s presence in the U.S. Southeast.
Shareholders Approve Merger of Banks With Berkshire County Branches
The merger between Connecticut-based Salisbury Bank and New York-based NBT Bank has moved a step closer to completion after Salisbury’s shareholders voted in favor of the deal. Both banks have branches in Berkshire County.
Homepoint to Sell Wholesale Mortgage Channel
Michigan-based wholesale lender Homepoint plans to stop originating mortgages and sell its wholesale channel.
Parent Companies of Dedham Savings, South Shore Bank to Merge
The mutual holding companies of Dedham Savings and South Shore Bank plan to combine without merging the two banks.
Security Tools Helped Drive M&T Conversion Issues
Tools meant to protect consumer accounts helped cause the high-profile problems People’s United Bank customers faced during M&T Bank’s system conversion last year.
Merger Outlook Surprisingly Positive for 2023
Greater Boston has seen a concentration of merger-related activity in recent years. The drumbeat of activity is noteworthy, despite significant headwinds nationally and internationally, given the region continues to be a growth market for many industries.
Two Southeastern Mass. Credit Unions Plan Merger
Massachusetts will see another credit union merger in the coming months as two institutions in the southeastern part of the state plan to combine.
Norwood Bank Has New Name
Norwood Bank has rolled out a new name after completing its acquisition of Foxboro Federal Savings in December.
Two More Credit Union Mergers Planned
St. Jean’s Credit Union plans to make another acquisition, and two New Bedford-based credit unions also plan to merge.
Brookline Bancorp Completes PCSB Bank Acquisition
The parent company of Brookline Bank has completed its acquisition of New York-based PCSB Bank, giving the company its first bank outside the eastern part of New England.
Pentucket Bank, Newburyport Bank to Combine Holding Companies
The mutual holding companies for Newburyport Bank and Pentucket Bank plan to combine in a plan to cut costs by sharing back-office services.
Brookline Bancorp Receives Fed Approval for PCSB Acquisition
Yesterday’s approval came nearly seven months after the parent company of Brookline Bank and Bank Rhode Island announced plans to acquire the New York-based bank.
RTN FCU, Merrimack Valley Credit Union to Merge
Two of Massachusetts’ $1 billion-asset credit unions plan to merge, creating one of the state’s largest credit unions with a footprint spanning Eastern Massachusetts and out to Worcester.
Norwood Bank Completes Acquisition of Foxboro Federal Savings
Norwood Bank has completed its acquisition of Foxboro Federal Savings, the fourth Massachusetts bank merger to close in less than five months.
Eastern Bank Spins Off Foundation for Business Equity to CDFI
The Boston-based nonprofit organization founded by Eastern Bank to support small business owners of color has merged with Mill Cities Community Investments, a Lawrence-based community development financial institution.
Banks with Berkshire County Branches Plan Merger
The parent companies of New York-based NBT Bank and Connecticut-based Salisbury Bank, which both have branches in Berkshire County, have agreed to merge.
State Street, Brown Brothers Harriman Terminate Deal
Citing regulatory feedback and the likely steps needed to address that feedback, Boston-based State Street Corp. has agreed with Brown Brothers Harriman & Co. to terminate the proposed acquisition of BBH’s investor services business.
BayCoast Mortgage Acquires Martha’s Vineyard Mortgage
Vineyard Haven-based Martha’s Vineyard Mortgage will retain its name and become a division of BayCoast Mortgage Co.
Movement Mortgage to Acquire Danvers’ Mortgage Network
South Carolina-based Movement Mortgage plans to acquire Danvers-based Mortgage Network Inc. in a deal that Movement Mortgage said would expand its East Coast market share.
Mass. Credit Union Consolidation Continues
Credit union consolidation in Massachusetts continues with several mergers completed over the past month and another deal in the works.
