Pittsfield-Arrha Merger Elicits Mixed Feelings from Industry Leaders
Springfield’s Arrha Credit Union will be merging into Pittsfield Cooperative Bank, with a prominent credit union leader expressing “disappointment.”
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.
Eastern-Cambridge Merger Will Lead to 11 Branch Closures
Eastern Bank said the merger with Cambridge Trust will lead to some branch closures, with many of both banks’ branches less than a mile from each other.
Cape Cod 5, Fidelity Bank to Merge Holding Companies
Parent holding companies of Cape Cod 5 and Fidelity Bank are merging under one, $7 billion-asset mutual holding company.
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.
Local PR Firms Merge To Form Issues Management Group
A pair of prominent local consulting and government relations firms have merged, with Solomon McCown & Cence and Murphy Donoghue Partners combining their strategic communications and lobbying might under a new identity as the Issues Management Group.
LendingClub Woes Won’t Impact on Radius Deal
Boston-based Radius Bank plans to move forward with the acquisition by LendingClub despite the California-based fintech’s reorganization this week due to the effects of the coronavirus pandemic.
Jack Conway & Co. Buys Brighton Brokerage
Jack Conway & Co., the largest independent real estate brokerage based in Massachusetts has bought Vanguard Realty, a Brighton-based real estate firm.
United Bank Rejected Bigger Offer from People’s United Last Year
People’s United’s latest acquisition target, Connecticut-based United Bank, originally rejected a much higher offer from People’s last year.
McGurk’s Bid to Stop Purchase of United Bank Faces Big Obstacles
William McGurk, one of the largest private shareholders in United Bank, has been outspoken about his disappointment in People’s United Bank’s planned $759 million purchase of United. But he faces a difficult path to blocking the merger.
Blumshapiro to Merge with North Andover Accounting Firm
Connecticut-based Blumshapiro, the largest accounting, tax and business advisory firm based in New England, is merging with Cowan Bolduc Doherty based in North Andover, Massachusetts.
Investment Shops Piper Jaffray and Sandler O’Nell + Partners to Merge
Two well known investment banks that frequently work with community banks in New England on M&A and capital raising are merging.
Fidelity Bank to Merge With Fitchburg Mutual
Another one of the state’s smallest banks is gone.
Pilgrim Bank Completes Merger With Abington Bank
Hometown Financial Group and its subsidiary Pilgrim Bank have completed their merger with Abington Bank.
Sharon Credit Union and Crescent Credit Union to Merge
Sharon Credit Union and Brockton-based Crescent Credit Union are planning to merge, to form a new entity with more than $1 billion in assets.
North Shore Bank and Beverly Bank to Merge
Two mutual banks in the North Shore are planning to merge, creating a $1.35 billion-asset institution with 18 full-service branches locations throughout Essex County and southern New Hampshire
GFA Credit Union to Merge with New Hampshire Credit Union
Gardner-based GFA Credit Union, which made waves at the end of last year for becoming the first financial institution in Massachusetts to announce it would serve recreational marijuana clients, is planning to merge with a New Hampshire credit union.
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.
Rockland Trust to Consolidate Three Branches as Result of Blue Hill Deal
Rockland Trust will close at least three branches as part of its acquisition of Blue Hills Bank.
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.
