Mutual Holding Company Deals Hit Milestone
With its pending acquisition of Bluestone Bank, Mutual Bancorp will become the largest mutual holding company in Massachusetts but is operating in a relatively unique way under CEO Matthew Burke.
Bluestone Bank Joins with Cape Cod 5
Raynham-based Bluestone Bank is merging its mutual holding company with that of Cape Cod 5 to create an $8.8 billion-asset organization.
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.
Hometown Financial Group Buying Colonial Federal Savings Bank
North Shore Bank, part of Hometown Financial Group, will buy Quincy-based Colonial Federal Savings Bank in a $44 million deal.
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.
Parent Companies of Dedham Savings, South Shore Bank to Merge
The mutual holding companies of Dedham Savings and South Shore Bank plan to combine without merging the two banks.
Pentucket Bank, Newburyport Bank to Combine Holding Companies
The mutual holding companies for Newburyport Bank and Pentucket Bank plan to combine in a plan to cut costs by sharing back-office services.
Needham Bank to Form Mutual Holding Company
Needham Bank is planning to reorganize its corporate structure to add a mutual holding company.
Merger May Be On Horizon For Dedham Savings
Dedham Institution for Savings has notified state regulators that it intends to reorganize into a mutual holding company, signaling that a potential merger may not be far down the road.
