In Brief: Massachusetts Start-Up Begins Issuing Stock

Middlesex Bank and Trust Co., a start-up, has begun an initial public offering of stock to raise $10 million.

Officials plan to open the bank in the first half. Newton no longer has a locally based bank because of consolidation in the region.

Middlesex will serve small and emerging businesses, nonprofit institutions, professional individuals and groups, and the Newton community, offering a full range of loan, deposit, and investment management products and services.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER