Hometown Financial Doesn’t Rule Out Continued Expansion
Even with the ink still not dry on its agreement to acquire Colonial Federal Savings Bank, Hometown Financial Group’s CEO says the mutual holding company wants to grow further.
Beacon Hill Could Allow Credit Unions to Absorb Mutual Banks
A bill that would allow for Massachusetts credit unions to take over mutual banks passed its first hurdle yesterday: Getting a committee hearing.
High Funds Costs Drag NBT’s Gains from Salisbury Bank Buy
NBT Bank saw its quarterly profits dragged down by higher funding costs as customers continue to seek higher-yield deposits, despite the bank’s gains in loans and deposits from its August acquisition of Salisbury Bank.
Salem Five Acquires Lynnfield Insurance Group
Salem Five Insurance, the insurance arm of Salem Five...
NBT Completes Merger With Salisbury Bank
NBT Bank has added 13 Salisbury Bank branches to its footprint after the two banks completed their merger on Aug.11.
Gibson Sotheby’s Buys Arlington’s Bowes Real Estate
Gibson Sotheby’s International Realty has made its second purchase of a well-known brokerage this year, buying Arlington-based Bowes Real Estate for an undisclosed sum.
Rockland Trust to Continue Worcester Branch Expansion
Rockland Trust expects to open its first Worcester retail branch in January and could add more retail locations there in the next 12 to 18 months.
JLL Completes $1.8B Acquisition of HFF
Jones Lang LaSalle has closed its $1.8 billion acquisition of HFF, a move aimed at expanding clients’ access to capital markets.
Banker & Tradesman’s Editorial Cartoon: Two Mutual Banks Plan a Merger
In any merger, it’s important that excitement for the deal is mutual.
Why People’s United Paid Only $327M for Belmont Savings Bank
The parent company of People’s United Bank completed its acquisition of the parent company of Farmington Bank in an all-stock transaction valued at $544 million nearly two months ago. Last week, People’s United announced it will buy the parent company of Belmont Savings Bank in an all-stock transaction valued at $327 million. Given that both banks hold about $3 billion in assets, what made the Farmington deal so much more lucrative than the Belmont deal?
After a Successful 2017, Benoit Mizner Simon is an Acquisition Target
Debi Benoit, principal of Benoit Mizner Simon & Co. Real Estate, has been named the No. 1 broker in Wellesley for the 12th year in a row.
ERA Key Realty Services Merges with HUNT Real Estate ERA
The second largest brokerage firm in the ERA network, HUNT Real Estate ERA, has merged with ERA Key Realty Services, which also ranks in the top 10, significantly expanding the reach of the combined companies.
Kinlin Grover Merges With BK Real Estate
Kinlin Grover Real Estate, a division of The Randall Family of Cos., recently announced its merger with Centerville-based BK Real Estate.
Marlborough, North Middlesex Finalize Merger As Main Street Bank
It’s no joke: Marlborough Savings Bank and North Middlesex Savings Bank completed their merger on April 1 into Main Street Bank.
Marlborough, North Middlesex Banks Rebrand For Merger
Last year, Marlborough Savings Bank and North Middlesex Savings Bank announced they would merge. This week, they got a fresh look and rebranded.
Greylock To Acquire $25M Landmark CU In Merger
Greylock Federal Credit Union in Pittsfield will acquire Landmark Credit Union in North Adams in a deal anticipated to close in April.
