Meridian to Acquire Mt. Washington

Meridian Interstate Bancorp in Boston said Monday it has agreed to acquire the struggling Mt. Washington Co-operative Bank in South Boston.

Earnings Up 7% at Century of Massachusetts

Century Bancorp's second-quarter earnings rose 7%, as a lower tax rate and higher net interest income helped offset an increase in loan trouble and a larger assessment ...

United Scores CNB for $25 Million

The bidding war over CNB Financial in Worcester, Mass., has a winner. United Financial Bancorp said late Thursday that it agreed to buy CNB for $25 million, beating out two ...

Danvers Strikes First Deal Since IPO

The former mutual thrift said it would pay $61.95M in stock for Beverly National, which has $485M of assets, $350M in deposits and eight branches in Essex County.

Berkshire: Won't Raise CNB Bid

Berkshire Hills Bancorp of Pittsfield, Mass., said Monday that it would not increase its offer to buy CNB Financial Corp., even if that means losing the deal.

CNB Attracts a Third Bidder

A third company has joined the pursuit of CNB Financial of Worcester, Mass.

United Sees Berkshire's Offer for CNB and Raises

United chief Collins "surprised and disappointed" that CNB took a lower offer

If at first you don't succeed … offer more money. In a second unsolicited bid, United Financial Bancorp announced that it had increased its offer for CNB Financial ...

Despite Higher Offer, CNB Sticks with Berkshire Bid

The bidding war for CNB Financial Corp in Pittsfield, Mass., bumped the price up 9%, but the $297 million-asset company chose not to go with the highest offer.

Good-Times Throwback: Seller Has Pair of Suitors

Banks that want to sell themselves generally have a hard time finding a buyer these days, but not so for CNB Financial Corp. in Worcester, Mass.

Skepticism Over Tarp Revamp for Small Banks

As large institutions race to repay government capital, the Treasury Department is offering smaller ones another chance to take the money.

Old Story, New Area: Two in Northeast Hurt for Capital

Though the list of banks in dire straits grows by the day, most are concentrated in formerly frothy areas like the Southeast or California. Now, it seems, trouble has arrived in the Northeast.

Berkshire of Mass. in a $19.5M Deal

Berkshire Hills Bancorp in Pittsfield, Mass., is shelling out for an acquisition in a neighboring market even as it prepares to repay government capital.

Veteran New England Banker to Lead Brookline Bancorp

Paul A. Perrault is set to become the chief executive officer of Brookline Bancorp Inc. in Massachusetts this spring.

Wainwright Profit Up; U.S. Capital Lent

Though its credit quality weakened, Wainwright Bank and Trust in Boston said Tuesday that its 4Q earnings improved 5% from a year earlier, to $1.2M.