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

Bank Branches, Domestic
Hometown Bank, Oxford, Massachusetts -- to establish a de novo branch at 270 Grove Street, Worcester.
- Approved, March 17, 2020
Reading Co-operative Bank, Reading, Massachusetts -- to establish a branch at 215 Canal Street, Lawrence.
- Approved, February 5, 2020
State Street Bank and Trust Company, Boston, Massachusetts -- to establish a branch at 525 Washington Boulevard, Jersey City, New Jersey.
- Approved, January 24, 2020
Bank Holding Companies
Eastern Bankshares Inc., Boston, Massachusetts -- to become a bank holding company by acquiring Eastern Bank, Boston, upon the conversion and reorganization of Eastern Bank Corporation from a mutual to stock holding company.
- Approved, August 3, 2020
HB Holdings, MHC, Haverhill, Massachusetts -- to become a mutual holding company upon the conversion by Haverhill Bank, Haverhill, from mutual to stock form.
- Approved, July 17, 2020
Beacon Bancorp, Taunton, Massachusetts -- waiver of application to indirectly acquire Freedom National Bank (FNB), Greenville, Rhode Island, from Berkshire Financial Services, Inc., Lee, Massachusetts, in connection with the merger of FNB with and into Bristol County Savings Bank, Taunton.
- Granted, June 9, 2020
Cambridge Financial Group, Inc., Cambridge, Massachusetts -- waiver of application to acquire Melrose Bancorp, Inc., Melrose, in connection with the merger of Melrose Bank with and into Cambridge Savings Bank, Cambridge.
- Granted, March 30, 2020
Cambridge Bancorp, Cambridge, Massachusetts -- waiver of application to acquire Wellesley Bancorp Inc., Wellesley, in connection with the merger of Wellesley Bank with and into Cambridge Trust Company, Cambridge.
- Granted, March 24, 2020
Bank Mergers
Bridgewater Savings Bank, Raynham, Massachusetts -- to merge with Mansfield Co-operative Bank, Mansfield, and acquire branches in Mansfield, Norton, Plainville, and West Bridgewater.
- Approved, January 30, 2020
Change In Bank Control
Century Bancorp, Inc., Medford, Massachusetts -- change in bank control of Century Bancorp, Inc., Medford, and its subsidiary, Century Bank and Trust Company, Somerville.
- Permitted, January 31, 2020
Extensions Of Time
State Street Bank and Trust Company, Boston, Massachusetts; and State Street International Holdings (SSIH) -- extension to August 25, 2021, to invest in certain subsidiaries of SSIH, under Regulation K.
- Granted, August 25, 2020
Bridgewater Savings Bank, Raynham, Massachusetts -- extension to October 31, 2020, to merge with Mansfield Co-operative Bank, Mansfield, and acquire branches in Mansfield, Norton, Plainville, and West Bridgewater.
- Granted, July 23, 2020
Bridgewater Savings Bank, Raynham, Massachusetts -- extension to July 31, 2020, to merge with Mansfield Co-operative Bank, Mansfield, and acquire branches in Mansfield, Norton, Plainville, and West Bridgewater.
- Granted, March 12, 2020
State Street Bank and Trust Company, Boston, Massachusetts; and State Street International Holdings (SSIH) -- extension of time to invest in certain subsidiaries of SSIH, under Regulation K.
- Granted, February 19, 2020
Banks, Foreign
Banco Santander International, Miami, Florida -- to amend its articles of association, pursuant to Regulation K.
- Approved, March 5, 2020
International Operations
State Street Bank and Trust Company, Boston, Massachusetts; and State Street International Holdings (SSIH) -- prior notice to make an investment in State Street Global Markets International Limited, a subsidiary of SSIH, pursuant to Regulation K.
- No Objection, May 8, 2020
Financial Holding Companies
Northern Bancorp, Inc., Woburn, Massachusetts -- election to become a financial holding company.
- Effective, August 11, 2020

Last Update: September 17, 2020