Everett Bank Raises $89M in Stock Conversion
Massachusetts now has another stock bank after Everett Bank converted from a mutual cooperative bank yesterday, raising $89.2 million in its initial public offering.
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.
Eastern Bank Goes Public This Week
Massachusetts will get another stock bank this week as Eastern Bank completes its conversion tomorrow and begins trading shares the next day.
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.
Eastern Bank To Go Public
The country’s oldest and largest mutual bank has decided to go public. Boston-based Eastern Bank said in a statement that its board of directors had unanimously approved a plan to convert to a fully public stock holding company, Eastern Bankshares Inc.
HarborOne Depositors Approve Plan to Go Fully Public
Depositors of the parent company of Brockton-based HarborOne Bank have approved the company’s plan to make a second-step conversion and reorganize into a fully public company.
