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.

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.