Massachusetts mutual bank holding companies to merge

PeoplesBank and Cornerstone Bank entered into an agreement to combine their holding companies in a deal slated to close early in 2025.

Massachusetts mutuals to merge, create $3.5 billion bank

River Run Bancorp near Boston said Rollstone Bancorp's Rollstone Bank and Trust in Fitchburg, Massachusetts, would merge into its network of ...

PeoplesBank, Cornerstone Merge Holding Companies

This transaction, the latest to merge multi-bank holding companies, will create an entity with approximately $6 billion in assets, said Canina, ...

PeoplesBank and Cornerstone Bank Announce Merger of Holding ...

After the completion of the merger, the new consolidated holding company for both banks will be PeoplesBancorp, MHC and have approximately $6 ...

PeoplesBank and Cornerstone Bank Announce Merger of Holding ...

Like PeoplesBank, Cornerstone is a mutual community bank with deep Massachusetts roots. Merging holding companies not only helps us remain resilient, but it ...

Decision Relative to the Merger of Abington Bank ... - Mass.gov

... company for North Shore Bank, will also merge with and into Hometown Financial Group, MHC (Hometown MHC), Abington Bank's mutual holding company

Holding Company News: Mutual Partnership - Cape Cod 5

Mutual holding companies for Cape Cod 5 and Fidelity Bank combine under Mutual ... banks in Central and Eastern Massachusetts. Fidelity ...

Massachusetts mutuals to combine under single holding company

Two Massachusetts-based banks, the $5.5 billion-asset Cape Cod ... Bank in Leominster, are combining under the same mutual holding company.

Decision Relative to the Application of Mutual Bancorp, Hyannis ...

The Petitioner is the mutual holding company for The Cape Cod Five Cents Savings Bank (Cape Cod Five), Hyannis, Massachusetts. As a result of ...

With Debt Cheaper, Expect Bank M&A Rebound

But in Massachusetts, the bank M&A market has heated up as in the latter half of 2024, starting with the completion of two previously announced ...

HOLDING COMPANY NEWS - Dedham Savings

No, this would only be a merger of holding companies only, into one combined MHC (Mutual Holding Company). Each bank will continue to operate independently ...

Merger of two Massachusetts banks could benefit Connecticut ...

Officials with a Holyoke, Mass.-based mutual savings bank that has a growing presence in Connecticut are merging their holding company with ...

Why Mutual Banks Won't Sell | Bank Director

Two Massachusetts banks hope to preserve their mutual status for years to come by merging their holding companies now, in an example of how ...

North Easton Savings Bank | FDIC

The Bank plans to form a new. Massachusetts-chartered mutual savings bank that will be reorganized to form a mutual holding company to be known ...

Cape Cod 5, Fidelity Bank to Merge Holding Companies

The Cape Cod 5-Fidelity Bank tie-up is the latest such mutual holding company merger in Massachusetts, with Dedham Savings and South Shore Bank ...

Mass. Banks Plan To Merge By Year's End | Agency Checklists

The parent companies of Dedham Institution for Savings and Weymouth-based South Shore Bank have agreed to merge, they announced Tuesday, ...

1831 Bancorp, MHC and South Shore Bancorp ... - Dedham Savings

... Bank to Operate Independently Branded Institutions Under Merged Holding ... Dedham Massachusetts-based 1831 Bancorp, the Mutual Holding Company ...

Mutual banks make big gains in Mass. market share - Boston ...

Mutual banks that rank among the top 25 largest in Massachusetts increased their market share by 25% from 2022 to 2023.

Establishment of Mutual Holding Company

While the Bank will be considered a stock bank, 100% of the stock is held by the parent Mutual Holding Company, which is operated by the Bank Directors, ...

SpencerBANK and Southbridge Savings Bank merger approved

The merger has been approved by the board of trustees of each bank's parent mutual holding company and has received the required regulatory approvals, the ...