Avidia Announces Big Stock Buyback
After converting from a mutual bank to a stock institution just one year ago, Hudson-based Avidia Bank has announced plans to spend $30 million buying back its stock, according to SEC filings.
Why Hometown Financial Broke from Mutual Bank Path
One of Massachusetts’ largest mutual bank holding companies is switching to a stock institution, highlighting a philosophical divide among industry leaders about the best way to grow and succeed.
Everett Bank’s Assets Grew 60 Percent in 2022
Everett Bank saw its total assets increase nearly 60 percent to more than $1 billion last year, its first year as a stock bank.
Companies Face First Tax on Stock Buybacks in Biden Bill
Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable.
Everett Bank Needs to Sell More Shares to Convert
With preliminary results showing that Everett Bank has not sold enough shares to complete its initial public offering, the bank has extended the deadline for purchasing shares and adjusted the maximum purchase limits for some prospective shareholders.
Everett Bank to Go Public After Big Hires
After hiring former executives from East Boston Savings Bank and Century Bank, Everett Bank has revealed its next move: The $666 million-asset bank plans to convert to a stock bank.
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.
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.
Mass. Banks Face New Nasdaq Diversity Requirements
All publicly traded Massachusetts banks have at least one female board member, partially satisfying new diversity rules for companies listed on the Nasdaq stock exchange.
Eastern Bank Begins Stock Offering
Eastern Bank announced it has begun its stock offering as it plans to give up its status as the state’s largest mutual bank and transform into a stock bank.
Regulators OK HarborOne’s Second-Step Conversion
The parent company of Brockton-based HarborOne Bank is set for a $310.4 million public offering after regulators gave the green light to its second-step conversion, completing its six-year journey from credit union to stock bank.
