In yet another deal between mutual thrifts in Massachusetts, Sharon Co-operative Bank in Sharon has agreed to merge into Eastern Bank in Boston.
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The 95-year-old Sharon has one branch and $68 million of assets. It would be merged into the $6.5 billion-asset Eastern, which has 72 branches in a network from the North Shore to Cape Cod.
The deal, announced Tuesday, is expected to close this summer. Because it is a merger of mutuals, no money will change hands.
The mutual-to-mutual merger deal is the fifth announced in Massachusetts in the past four months.
