Winchester Savings Converting to Public Bank
According to Securities and Exchange Commission documents on March 20, Winchester Savings Bank will be converting to a mutual holding company structure and has begun a community offering.
Walden Mutual Growing Well, One Year On
New England’s first new mutual bank in 50 years is seeing strong growth after a little over 12 months in business.
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.
Massachusetts Gets First B Corporation Bank
When you ask Martha’s Vineyard Bank CEO James Anthony what becoming a certified B corporation – a designation for firms that work to make the community and the planet better – changed about the bank, the answer may surprise you.
Bank Holding Company Merger Brings Benefits
While the failures of two U.S. banks had no impact on the decision by Dedham Savings and Weymouth-based South Shore Bank to merge their holding companies, the bank’s leaders see some benefits from the timing of their announcement.
How to Double a Bank’s Size in 10 Years
Wayne Patenaude has overseen major growth in his 10 years leading Cambridge Savings Bank, growth powered by an expanding commercial lending operation and the launch of a national digital bank.
Can a Mutual Beat Fintechs on Their Turf?
Tom Senecal is leading Hoyloke-based PeoplesBank into a future even more dedicated to mutuality than before specifically because mutuality is the bank’s secret weapon.
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.
HarborOne’s Longtime Leader Nears End of Career
HarborOne’s James Blake decided early in his career that he wanted to be a bank president. Once he got there, he led what was once a credit union through a period of remarkable growth.
This Month in History: America’s First Mutual Bank
The Provident Institution for Savings began accepting deposits in an office on Boston’s Court Street in February 1817, with founder James Savage making the initial deposit of $10.
New Mutual Hopes to Pave Way for More De Novos
The backers of a new mutual bank under organization in New Hampshire say their effort could provide a template for a wave of new, mission-driven lenders and give a boost to existing mutual banks.
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.
Propelling Massachusetts Banks Forward
For the first time since 1997, the Massachusetts Bankers Association has a new leader, with Kathleen Murphy taking over for Daniel Forte, who retired at the end of October.
Mutual Banks Eye Growth Options After Eastern Conversion
Now that Eastern Bank has become a stock bank, giving up its status as the nation’s oldest and largest mutual bank, the Massachusetts banking landscape could see even more changes in the years ahead.
Bridgewater Savings and Mansfield Bank Announce Merger
Bridgewater Savings Bank and Mansfield Bank announced on Wednesday plans to merge the two southeastern Massachusetts mutual banks.
Century Bank Founder’s Death Shines a Light on Family Banking
At a family-owned bank, there are always relationships to manage whether internally or externally, but a family’s multigenerational commitment to a bank can be the main driver behind maintaining its independence.
