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Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities.November 30
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Jane Allerman-Rey, the mutual's chief operating officer, will take on the new role in January.November 2
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First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team.September 11
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The New Jersey company will add three branches in the northern part of the state as part of the transaction.September 3
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A state judge deciding a dispute between Spencer Savings and an investor said the mutual must get an independent review before switching from a savings association to a savings bank. The ruling may complicate mutuals' efforts to make more business loans.September 1
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Eric Luse, who co-founded the Luse Gorman law firm, helped Community Bank Shares of Indiana create the first MHC in the early 1990s.June 29
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Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville.June 19
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Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools.June 18
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Seneca-Cayuga Bancorp's capital levels have fallen steadily since peaking in 2013.May 6
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Jonathan Dowst will become president in July and CEO a year later.March 13
