Investors and you can Government Agree Merger Towards the erica Bancorp, Inc., Swansea, MA, and you will People’s Bancshares, Inc., New Bedford, MA, acknowledged this new purchases out of People’s so you’re able to FirstFed. The offer is anticipated to close from inside the basic quarter.
Towards February 20, the office out of Thrift Oversight (OTS) while the Massachusetts Board out of Lender Incorporation accepted new merger between FirstFed America Bancorp, Inc., with Mans Bancshares, Inc., The latest Bedford, MA.
This is why, Mans investors exactly who select for FirstFed stock gets a great mix of 0.73 show of FirstFed common inventory and you may $nine.34 each express off Mans possessed. Any investors get a cash payment from $22 each display away from Man’s common stock they hold. By ,
NE Nonbanking Craft On the March 20, Northeast Bank, FSB, Auburn, Me personally, through its subsidiary, Northeast Financial Properties, Inc
FirstFed America Bancorp got overall deposits of $563.8 mil and you can ranked 33rd among most of the commercial banking and thrift institutions during the Massachusetts. By a similar time, People’s Bancshares had total dumps out of $582.3 billion and ranked 32nd. (SNL Financial , Thrift Weekly, 2/11; 2/)
Banknorth Becomes FHC To your elizabeth a financial carrying company, once wearing Federal Set-aside Lender out-of Boston approval. (Tips by the Board, 1/)
Branch Target Change https://paydayloanservice.org/payday-loans-ri/ To your erican Lender and you will Trust Organization relocated the main office of 1151 Stratford Avenue, Stratford, CT, to help you 132 Grand Path, Waterbury, CT. (Condition out of CT DOB Information Bulletin, 2/) Customers in the Prevent , Store Part Deals Towards the January eight, the brand new Massachusetts Section regarding Financial institutions (MA DOB) accepted the applying from the Residents Lender of Massachusetts, Boston, MA, to ascertain 18 branch offices in this Stop , Store Food markets located in the Massachusetts cities out-of Allston, Beverly, Brockton, East Springfield, Slip Lake, Lynn, Malden, Medford, Milford, Natick, Brand new Bedford, Quincy, Raynham, Somerset, Stoughton, Watertown (2), and you will Western Springfield.