A Rhode Island community bank has launched its second hostile bid for a Massachusetts thrift.

First Financial Corp. of Providence said last week that it has offered $25.2 million in stock, or $27 per share, for Mayflower Cooperative Bank, which is based in nearby Middleboro. The thrift was trading at about $20 a share at midday Friday.

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.