Massbank Corp. is moving into a neighboring market with its planned acquisition of Glendale Co-operative Bank.

Massbank Corp., parent of Massbank, agreed to pay $7.38 million in cash to buy Glendale, a $36.9 million-asset thrift in Everett, Mass.

The acquisition would increase Massbank's size to $925 million of assets and $819 million in deposits.

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