Rollstone Cleared to Join River Run Bancorp
Banking regulators have given the nod to Rollstone Bank & Trust in its effort to join River Run Bancorp, a two-bank mutual holding company in the Merrimack Valley.
PeoplesBank, Cornerstone Bank to Merge
Western Massachusetts’ biggest local bank and a prominent Worcester-area community bank say they plan to merge holding companies, the latest pair of mutual banks to combine using this increasingly popular method.
Dedham Savings, South Shore Bank Complete Holding Company Merger
Both banks will continue operating independently from each other but say they will have the ability to support each other in taking on more of bigger loans.
Pentucket Bank Hits $1B in Assets
Haverhill-based community bank Pentucket Bank has reached $1 billion in assets, as it grew in its Massachusetts and New Hampshire markets with the help of its recent holding company merger with Newburyport Bank.
Cape Cod 5 CEO: ‘Smaller Banks Need to Scale to Survive’
As he looks forward to the bank completing its merger with Fidelity Bank, Cape Cod 5 CEO Matthew Burke thinks it is essential for smaller banks to look at mergers and partnerships to survive the pressures of a high-interest rate economy.
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.
Pentucket, Newburyport Banks Get OK for Holding Company Merger
The banks indicated they will be investing in several existing “bank locations” that will make space for yet more banks to join the partnership in the future, should any seek to do so.
