FirstFed told you People’s stockholders electing to receive stock somewhat surpassed those electing to receive dollars said

Shareholders and you will Authorities Accept Merger Toward erica Bancorp, Inc., Swansea, MA, and Mans Bancshares, Inc., The Bedford, MA, recognized the latest revenue of People’s so you’re able to FirstFed. The offer is anticipated to close off in the basic one-fourth.

For the March 20, the office out-of Thrift Supervision (OTS) as well as the Massachusetts Panel regarding Bank Incorporation approved the merger between FirstFed The usa Bancorp, Inc., which have Mans Bancshares, Inc., The Bedford, MA.

Because of this, Man’s investors exactly who opted for to get FirstFed stock will get an effective combination of 0.73 express away from FirstFed well-known stock and you may $9.34 for each and every express away from Mans owned. Some other shareholders are certain to get an earnings payment regarding $twenty-two for every single share from Mans common stock it hold. As of ,

NE Nonbanking Hobby For the March 20, Northeast Lender, FSB, Auburn, Me, using their part, Northeast Economic Characteristics, Inc

FirstFed The usa Bancorp had total places out of $563.8 billion and rated 33rd among the commercial banking and thrift associations into the Massachusetts. At the time of an identical time, Mans Bancshares had total places regarding $582.step 3 million and you will ranked 32nd. (SNL Financial , Thrift Weekly, 2/11; 2/)

Banknorth Gets FHC To the e a financial carrying organization, shortly after wearing Federal Set-aside Financial of Boston acceptance. (Procedures of the Board, 1/)

Part Address Alter Towards the erican Financial and you may Faith Organization moved their fundamental workplace out-of 1151 Stratford Method, Stratford, CT, so you’re able to 132 Huge Path, Waterbury, CT. (Condition off CT DOB Information Bulletin, 2/) Residents inside Avoid , Store Part Transactions On the January eight, the latest Massachusetts Office out-of Banks (MA DOB) acknowledged the program from the Residents Lender off Massachusetts, Boston, MA, to ascertain 18 department workplaces inside Stop , Shop Super markets found in the Massachusetts locations off Allston, Beverly, Brockton, East Springfield, Slide River, Lynn, Malden, Medford, Milford, Natick, The Bedford, Quincy, Raynham, Somerset, Stoughton, Watertown (2), and you may Western Springfield. The newest opportunities are included in a wider Customers propose to open End , Shop twigs for the This new England; the school unwrapped 22 Massachusetts twigs between , and you may 20 Rhode Island branches into the .

On the January twenty-five, the fresh new MA DOB recognized the application form from the Customers Bank of Massachusetts to close their branch place of work based in Shaw’s Grocery store, 780 South Head Roadway, Sharon, MA. (County from MA DOB Observe, 1/)

Financial RI to determine Twigs On the January 29, Financial Rhode Island, Providence, RI, a subsidiary off Bancorp Rhode Island, Inc., Providence, RI, revealed that https://paydayloansexpert.com/payday-loans-wv/ it’ll incorporate about three the branches regarding state next year and can improve the full team by the fifteen%. (SNL Financial , Thrift A week, 2/4/02)

Financial of brand new Canaan Is applicable to possess Deposit Insurance policies Into the February cuatro, Bank of new Canaan registered a credit card applicatoin to have put insurance rates having the fresh Government Deposit Insurance policies Corp (FDIC) trying to operate as a professional lender when you look at the The brand new Canaan, CT. And additionally The Canaan, the brand new de novo facilities “expects so you can get a small amount of financial company” off Darien, CT, and you may “the fresh Silvermine” part of Norwalk, CT, and the “bordering New york community off Lb Ridge.” This new bank’s organizers published on software why these places is actually currently underserved, and you can cited the rapid pace of integration within the Connecticut also given that 40 financial downfalls from the county given that 1990. (SNL Lender , Thrift Per week, 2/)

Up on completion of merger, Mans is blended to your FirstFed and you will Man’s tool, Mans Coupons Bank off Brockton, Southern area Easton, MA, will be blended with the FirstFed unit Very first Federal Deals Financial out of America, Slip Lake, MA

, acquired Kendall Insurance rates, Inc., Bethel, Me personally, to own $569,564. Northeast Financial, FSB is actually a subsidiary away from Northeast Bancorp, Auburn, Me. (SNL Day-after-day ThriftWatch, 2/)