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 Issue of March 17, 2008 
   

Activist Investor Makes $2M in Massbank Deal
Eastern to Acquire Reading’s Massbank for $170 Million; Fate of Overlapping Branches in Some Markets Unknown


Eastern Bank has announced a $170 million acquisition of Reading-based Massbank, whose Medford branch is shown above.
By Amy Wyeth
An activist investor will reap $2 million in profit from the sale of Massbank Corp. following months of agitating for such a deal.

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