Richard B.Collins has been named to be president and chief executive officer of First Massachusetts Bank, a bank in formation by Banknorth Group.

First Massachusetts is to be made up of 13 former Shawmut Bank branches in central and Western Massachusetts.

The previously announced acquisition of the Shawmut branches is expected to close this quarter.

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.