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Massachusetts mutuals agree to merge, form multibank holding company

American Banker

The parent companies of Cape Cod 5 and Fidelity Bank have agreed to combine under a multibank holding company called Mutual Bancorp. The bank units would keep their current names and operate independently but pool resources to improve efficiency.

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Massachusetts Co-ops Planning Merger

American Banker

Abington Bank in Massachusetts is planning to merge with Holbrook Co-operative Bank in Massachusetts.

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Winning through words

Independent Banker

North Easton Savings Bank president and CEO Rich Spencer (left) with recipients of the bank’s annual college scholarships. College-bound high school students in Massachusetts were asked to complete essays about the intrinsic value of community banks for a chance to win a scholarship from North Easton Savings Bank.

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic.

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Commercial Real Estate or Business Lending: Which Is Better?

Jeff For Banks

Me: Commercial Real Estate loans are the most profitable product in a community bank's arsenal and have been through various interest rate environments. Bank Senior Lender: Not when you consider the whole relationship. The much sought after "operating account." What does a "full relationship" mean? CRE still wins.

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HarborOne job cuts reflect lower branch traffic, coronavirus fallout

American Banker

The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.

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Hearing On BB&T/SunTrust Merger Raises Questions On Size

PYMNTS

In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or financial difficulties may have ripple effects on the economy at large. Executives from the two banks appeared Wednesday (July 24) before the House Committee on Financial Services, where Chairwoman Rep.

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