Pilgrim Bank Completes Merger With Abington Bank
Hometown Financial Group and its subsidiary Pilgrim Bank have completed their merger with Abington Bank.
Hometown Financial Group Buys Another Bank South of Boston
Hometown Financial Group is not wasting any time. A week after completing its nearly $54 million acquisition of Cohasset-based Pilgrim Bank, the mutual holding company has already announced another merger.
Hometown Financial Group Completes Acquisition of Pilgrim Bank
Hometown Financial Group has received all necessary regulatory approvals and completed its acquisition of Cohasset-based Pilgrim Bank.
Blue Hills Acquisition Likely Fueled by Lack of Growth Potential
The rate of consolidation in the banking industry has lately been a cause for concern, as fewer banks typically means reduced access to banking services and small business loans.
Rockland Trust to Acquire Blue Hills Bank
The parent company of Rockland Trust announced yesterday that it would acquire the parent company of Hyde Park-based Blue Hills Bank in a deal that will give Rockland the largest deposit share in Massachusetts, the largest branch network and bring the company over $11 billion in assets.
Hometown Financial Group Acquires Pilgrim Bancshares
Hometown Financial Group Inc., the holding company for bankESB of Easthampton and bankHometown of Oxford, has acquired Pilgrim Bancshares Inc.
Western MA Holding Company Acquires Pilgrim Bank
A bank holding company in Western Massachusetts has snatched up a small South Shore bank, its first move into the eastern part of the state.
Melrose and Pilgrim Banks Report Positive Net Income and Growth in Q1
The parent companies of Melrose Bank and Pilgrim Bank both reported positive net income and growth in the first quarter of 2018.
Growth Slows At Melrose Bank And Pilgrim Bank
Growth at Pilgrim Bank and Melrose Bank, two banks that completed initial public offerings in 2014, has been slowing significantly over the last year and even more so this year, according to FDIC data and call reports.
Melrose, Pilgrim Bank May Soon Be On The Market
Seven mutual banks and holding companies converted to stock companies between 2010 and 2014, often an indicator that they may be fishing for a buyer. Four of those seven will complete the state-mandated three-year waiting period following the completion of an initial public offering, and be eligible for acquisition this year.
Soon-To-Open Luxury Townhomes Celebrated At Ribbon-Cutting
Project developers and financers recently celebrated a ribbon-cutting ceremony for The Homes at Cohasset Village, 11 new luxury townhomes that are nearing completion.
