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.
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.
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.
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.
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.
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 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.
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.