Actions taken by the Federal Reserve Bank of Boston under delegated authority

Bank Branches, Domestic
BankNewport, Newport, Rhode Island -- to establish a branch at 150 Old Tower Hill Road, Wakefield, Rhode Island.
- Approved, July 22, 2026
Needham Bank, Needham, Massachusetts -- to establish a branch at 16 Artisan Drive, Salem, [New Hampshire.]
- Approved, May 4, 2026
Needham Bank, Needham, Massachusetts -- to establish a branch at 111 Huntington Avenue, Boston, Massachusetts.
- Approved, April 3, 2026
Needham Bank, Needham, Massachusetts -- to establish a branch at 301 Guest Street, Boston, Massachusetts.
- Approved, January 21, 2026
Bank Holding Companies
Mascoma Mutual Financial Services Corporation, Lebanon, New Hampshire -- (1) to merge with Androscoggin Bancorp, MHC, and thereby indirectly acquire Androscoggin Bancorp, Inc., and Androscoggin Savings Bank, all of Lewiston, Maine, and (2) to engage, through the acquisition of Portland Trust Company, LLC, Portland, Maine, in providing trust company functions pursuant [to section 225.28(b)(5) of Regulation Y.]
- Approved, August 28, 2026
Green Mountain Mutual Bancorp, Brattleboro, Vermont -- to become a bank holding company by acquiring Brattleboro Savings and Loan Association (Brattleboro), Brattleboro, Vermont, upon the conversion of Brattleboro from mutual to stock form.
- Approved, August 27, 2026
Narragansett Bancorp, Inc. (a newly formed Maryland corporation), Swansea, Massachusetts -- to become a bank holding company by acquiring BayCoast Bank, Swansea, Massachusetts, and for Narragansett Financial Corporation (the existing mutual holding company of BayCoast Bank), Swansea, Massachusetts, to acquire Narragansett Bancorp, Inc.
- Approved, August 11, 2026
1887 Bancorp, MHC, Stoneham, Massachusetts -- to become a bank holding company by acquiring StonehamBank, Stoneham, Massachusetts, upon the conversion of StonehamBank from mutual to stock form.
- Approved, August 4, 2026
Mutual Bancorp, Hyannis, Massachusetts -- limited relief from certain commitments.
- Granted, May 20, 2026
Mutual Bancorp, Hyannis, Massachusetts -- to merge with Bluestone Financial, MHC, and thereby indirectly acquire Bluestone Bank, both of Raynham, Massachusetts.
- Approved, April 16, 2026
1850 Financial MHC and 1850 Financial Inc., both of Ware, Massachusetts -- to become bank holding companies by acquiring Country Bank for Savings (CBS), Ware, Massachusetts, upon the conversion of CBS from mutual to stock form.
- Approved, February 18, 2026
Bank Mergers
bankESB, Easthampton, Massachusetts -- to merge with bankHometown, Oxford, Massachusetts, and TruNorth Bank, Peabody, Massachusetts, with bankESB as the resulting institution, and thereby establish branches at the locations of bankHometown and TruNorth Bank.
- Approved, July 28, 2026
International Operations
Computershare Trust Company, National Association, Canton, Massachusetts -- to establish a branch in London, England, pursuant to section 211.3(b)(2) of Regulation K.
- Approved, February 12, 2026
Membership
Fidelity Co-operative Bank, Leominster, Massachusetts -- to become a member of the Federal Reserve System.
- Approved, July 20, 2026
Cape Cod Five Cents Savings Bank, Hyannis, Massachusetts -- to become a member of the Federal Reserve System.
- Approved, July 15, 2026

Last Update: September 3, 2026