Mergers Offer Two Mutual Banks Paths Forward
A pair of mergers between four Massachusetts banks are opening new doors for growth, their leaders say, despite the challenges they faced in merging cultures amid the COVID-19 pandemic.
Cambridge Savings, Melrose Bank to Merge Next Week
Even as banks continue to deal with the impacts of the economic crisis brought on by the coronavirus pandemic, a second Cambridge-based community bank plans to go ahead next week with an acquisition next month.
Cambridge Savings Bank to Acquire Melrose Bank
Cambridge Savings Bank announced on Wednesday plans to acquire Melrose Bank.
Marginal Profits and Growth at Melrose Bank in Q2
Growth and profits at the parent company of Melrose Bank continued to grow in the second quarter, but at a marginal pace.
Melrose and Pilgrim Banks Report Positive Net Income and Growth in Q1
The parent companies of Melrose Bank and Pilgrim Bank both reported positive net income and growth in the first quarter of 2018.
Growth Slows At Melrose Bank And Pilgrim Bank
Growth at Pilgrim Bank and Melrose Bank, two banks that completed initial public offerings in 2014, has been slowing significantly over the last year and even more so this year, according to FDIC data and call reports.
Melrose, Pilgrim Bank May Soon Be On The Market
Seven mutual banks and holding companies converted to stock companies between 2010 and 2014, often an indicator that they may be fishing for a buyer. Four of those seven will complete the state-mandated three-year waiting period following the completion of an initial public offering, and be eligible for acquisition this year.
