As thrifts nationwide prepare to bite the bullet and pay taxes on some reserves for bad debt, at least one is counting its blessings.

Springfield, Mass.-based SIS Bancorp set aside way too much last year to cover the anticipated tax hit, and now it's getting a windfall.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.