Mutual Bank Plans to Convert To Partly Stock-Owned Entity
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| East Boston Savings Bank, one of Boston’s oldest and largest mutuals, plans to convert to a partially stock-owned institution. The conversion, which has the support of the state Division of Banks, still needs approval from the Federal Reserve. |
By Amy Wyeth
East Boston Savings Bank, one of Boston’s oldest and largest mutuals, plans to convert to partially stock-owned, according to documents it filed with the Securities and Exchange Commission this month.
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