Eastern, Rockland Completed Major Mergers Friday
The two mergers involving four of largest Massachusetts-based stock banks were completed on Friday as expected, bringing an end to two long-time fixtures in Greater Boston’s banking landscape.
Rockland Gets Long-Awaited OK for Merger
Greater Boston’s banking landscape will experience a dramatic shift this Friday as two of the region’s largest bank mergers in recent years will take place that day.
Rockland Trust Expects No Delay in East Boston Savings Deal
Despite not yet receiving state regulatory approval to acquire East Boston Savings Bank, Rockland Trust Co. still expects to close the deal in the middle of next month.
Fed Approves Rockland Trust, East Boston Savings Bank Merger
Rockland Trust Co. and East Boston Savings Bank have received approval from the Federal Reserve Board for their merger.
Shareholders OK Rockland Trust-East Boston Merger
Rockland Trust Co.’s acquisition of East Boston Savings Bank moved a step closer to completion yesterday as shareholders of both banks approved the deal.
Rockland Trust Plans to Close 18 Branches With East Boston Merger
The merger of East Boston Savings Bank and Rockland Trust will result in 18 branch closings, including nine locations in Boston, according to the public notice for the proposed merger.
Proxy: East Boston Savings Initially Rejected Rockland Trust
A stalemate over pricing in early February initially thwarted Rockland Trust’s attempt to acquire East Boston Savings Bank before talks resumed a few weeks later, according to a new SEC filing.
Rockland Trust Sees Lending Opportunities in Merger
Opportunities to expand commercial banking and wealth management products in Boston and the North Shore are key reasons behind Rockland Trust Co.’s decision to acquire East Boston Savings Bank.
Rockland Trust to Acquire East Boston Savings Bank
The parent company of Rockland Trust Co. has agreed to acquire East Boston Savings Bank in a deal valued at $1.15 billion.
Local Banks Plan Stock Repurchases
The parent company of The Provident Bank, rebranded last year as BankProv, has adopted a new stock repurchase program, one of several local banks planning to repurchase shares this year.
East Boston Savings Bank Saw Record Fourth Quarter Earnings
East Boston Savings Bank saw record earnings in the fourth quarter as the bank increased its net interest income.
Loan Deferrals Eased in Third Quarter at Local Banks
Local banks have started to see the number of loans requiring COVID-19-related modifications decline but continue to watch how the pandemic could affect their loan portfolios.
East Boston Savings Bank Has Record Earnings
East Boston Savings Bank had record earnings in the second quarter despite the coronavirus pandemic, due in part to gains on a real estate sale.
East Boston Savings Bank Third Quarter Earnings Up 13 Percent Year-Over-Year
Commercial loan payoffs, the conversion of construction loans and reductions in overhead expenses contributed to higher third quarter earnings for Meridian Bancorp Inc., the holding company for East Boston Savings Bank.
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