Walden Mutual Bank Receives Regulatory Approval
The U.S. will soon see a new mutual bank launch for the first time in nearly 50 years: a New Hampshire-based de novo that plans to operate across New England and New York.
Colonial Federal Savings Completes Partial Conversion to Stock Bank
Quincy-based Colonial Federal Savings Bank has completed its partial conversion to a stock bank, and the company’s stock began trading on the Nasdaq exchange today.
Becoming a $1B Bank
After North Easton Savings Bank acquired Mutual Bank last year, it joined the state’s growing list of $1 billion banks. It also got a new leader: Mutual Bank’s president and CEO, Rich Spencer.
Eastern Bank To Go Public
The country’s oldest and largest mutual bank has decided to go public. Boston-based Eastern Bank said in a statement that its board of directors had unanimously approved a plan to convert to a fully public stock holding company, Eastern Bankshares Inc.
Middlesex Savings Gives Away $742K to Local Nonprofits
Middlesex Savings Bank’s private charitable foundation has awarded more than $700,000 in grants to nonprofit organizations in eastern and central Massachusetts.
Main Street Bank Names New President and COO
Marlborough-based Main Street Bank has named an internal candidate, senior manager Ellen Dorian, as its new president and chief operating officer.
Banker & Tradesman’s Editorial Cartoon: Two Mutual Banks Plan a Merger
In any merger, it’s important that excitement for the deal is mutual.
Is $1B the New Threshold for Community Banks?
When North Easton Savings Bank and Whitman-based Mutual Bank announced they would merge in early November, together they created the 41st bank in Massachusetts that holds over $1 billion in assets.
Two Banks in Southeastern MA to Merge
Two mutual banks in Southeastern Massachusetts are merging.
Mutual Bank’s White To Retire At Year End
Mutual Bank’s Chairman and CEO Glen S. White will retire from the bank and its board in December. He will be succeeded by Executive Vice President and CFO Richard B. Spencer.
Cape Cod Five To Relocate Falmouth Branch With New Acquisition
The Cape Cod Five Cents Savings Bank will acquire a...Target Suit Wins Class-Action Status
A U.S. district judge in Minnesota has granted...North Middlesex Savings Bank Votes Mutual Protections Into Charter
North Middlesex Savings Bank is the latest...
