Avidia Bank Raises Nearly $192M in Stock Offering
Avidia Bank announced that it’s raised nearly $192 million in its bid to become a publicly traded bank. The bank plans to boost its CRE and C&I lending, and invest in its operations.
Avidia Bank Plans to Convert to Stock Ownership
A MetroWest bank that came to prominence for its digital-forward thinking is taking a step to raise millions in cash – and potentially make it easier to acquire other banks.
Depositors Approve Colonial Federal Savings’ Reorganization
Colonial Federal Savings Bank has received depositor approval to reorganize its company structure as the bank moves ahead with plans to raise capital by partially converting to a publicly traded bank.
Eastern Conversion Could Echo Through Industry
Eastern Bank’s transformation will affect more than its place in the banking landscape. It could reverberate throughout the state’s banking industry.
Consolidation Dries Up Bank IPO Activity
Two community banks have gone fully public so far this year but going forward, mutual conversions in New England are likely to remain modest, according to experts, who say consolidation is the main culprit behind the new trend.
