Consolidation Continues in Banking Industry

The year 2018 was filled with mergers and acquisitions between publicly traded banks, mutual banks and credit unions. In total, there were 16 mergers and acquisitions announced this year, as the banking industry in Massachusetts continued to consolidate.  

Rockland Trust

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.

OCC Requests Public Comment on CRA Updates

The U.S. Office of the Comptroller of the Currency at the end of August published an advanced notice of proposed rulemaking, calling for public comment on ways to modernize and transform the Community Reinvestment Act.

Community Good Works

Local food pantries get a boost from banks in preparation for Thanksgiving; BankFive donates $5,000 for people who experience autism; and St. Francis House raises over $750,000 for its shelter in this week’s Community Good Works.