Public Information Documents

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

Bank Branches, Domestic
Beacon Bank and Trust, Boston, Massachusetts -- to establish a branch at 125 Union Street, Braintree, Massachusetts.
- Approved, November 6, 2025
Bank Holding Companies
NB Bancorp, Inc., Needham, Massachusetts -- waiver of application to acquire Provident Bancorp and thereby indirectly acquire BankProv, both of Amesbury, Massachusetts, in connection with the merger of BankProv with and into Needham Bank, Needham, Massachusetts.
- Granted, October 20, 2025
MountainOne Financial, MHC, and Mountain One Financial, Inc., both of North Adams, Massachusetts -- to merge with Mechanics Bancorp, MHC, and Mechanics Bancorp, Inc., respectively, and thereby indirectly acquire Mechanics Cooperative Bank, all of Taunton, Massachusetts.
- Approved, October 16, 2025
Hometown Financial Group MHC and Hometown Financial Group, Inc., both of Easthampton, Massachusetts -- to merge with 15 Beach MHC and CFSB Bancorp, Inc., respectively, and thereby indirectly acquire Colonial Federal Savings Bank, all of Quincy, Massachusetts, pursuant to section 225.28(b)(4)(ii) of Regulation Y.
- Approved, October 15, 2025
Mutual Bancorp, Hyannis, Massachusetts -- relief from certain commitments.
- Granted, October 9, 2025
Eastern Bankshares, Inc., Boston, Massachusetts -- to acquire HarborOne Bancorp, Inc., and thereby indirectly acquire HarborOne Bank, both of Brockton, Massachusetts.
- Approved, September 26, 2025
Berkshire Financial Services, Inc., Lee, Massachusetts -- relief from a commitment.
- Granted, September 11, 2025
Berkshire Hills Bancorp, Inc, Boston, Massachusetts -- waiver of application to merge with Brookline Bancorp, Inc., Boston, Massachusetts, and thereby indirectly acquire Brookline Bank, Brookline, Massachusetts, in connection with the merger of Berkshire Bank, Pittsfield, Massachusetts, with and into Brookline Bank.
- Granted, August 11, 2025
River Run Bancorp, MHC, Newburyport, Massachusetts -- to merge with Rollstone Bancorp, MHC, a federally chartered savings and loan holding company, and thereby indirectly acquire Rollstone Bank & Trust, both of Fitchburg, Massachusetts, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.
- Approved, June 24, 2025
ECSB Financial Corporation, Norwich, Connecticut -- to become a bank holding company by acquiring Eastern Connecticut Savings Bank, Norwich, Connecticut.
- Approved, June 13, 2025
Independent Bank Corp., Rockland, Massachusetts -- to acquire Enterprise Bancorp, Inc., and thereby indirectly acquire Enterprise Bank & Trust Company, both of Lowell, Massachusetts.
- Approved, June 4, 2025
Centreville, MHC, West Warwick, Rhode Island -- to become a bank holding company by acquiring Centreville Bank, West Warwick, Rhode Island.
- Approved, May 15, 2025
Avidia Bancorp, Inc. (a newly formed Maryland corporation), Hudson, Massachusetts -- to become a bank holding company by merging with Assabet Valley Bancorp Interim Merger Subsidiary, Inc. (in formation), and thereby acquiring Avidia Bank, Hudson, Massachusetts, in connection with the conversion of Assabet Valley Bancorp, Hudson, Massachusetts, from mutual to stock form.
- Approved, May 13, 2025
Ion Financial, MHC, Naugatuck, Connecticut -- to become a bank holding company by acquiring NVE Bancorp, MHC, and NVE Bancorp, Inc., and thereby indirectly acquiring NVE Bank, all of Englewood, [New Jersey.]
- Approved, February 28, 2025
Winchester Bancorp, MHC, Winchester, Massachusetts -- to become a bank holding company by acquiring voting shares of Winchester Bancorp, Inc., a mid-tier holding company, through a mutual holding company reorganization and minority stock issuance, and thereby indirectly acquire Winchester Savings Bank, Winchester, Massachusetts.
- Approved, February 10, 2025
River Run Bancorp, MHC, Newburyport, Massachusetts -- to merge with Rollstone Bancorp, MHC, Fitchburg, Massachusetts, and thereby indirectly acquire Rollstone Bank & Trust.
- Withdrawn, January 24, 2025
Liberty Financial Corporation, Middletown, Connecticut -- to become a bank holding company by acquiring Liberty Bank, Middletown, Connecticut.
- Approved, January 17, 2025
PeoplesBancorp, MHC, Holyoke, Massachusetts -- to merge with SSB Community Bancorp MHC and thereby indirectly acquire SSB Community Bancorp Inc. and Cornerstone Bank, all of Spencer, Massachusetts.
- Approved, January 15, 2025
Bank Mergers
Needham Bank, Needham, Massachusetts -- to merge with BankProv, Amesbury, Massachusetts, and thereby establish branches at the locations of BankProv.
- Approved, October 20, 2025
North Shore Bank, a Co-operative Bank, Peabody, Massachusetts -- to merge with Colonial Federal Savings Bank, Quincy, Massachusetts, with North Shore Bank as the surviving entity, and thereby establish branches at the locations of Colonial Federal Savings Bank.
- Approved, October 15, 2025
Brookline Bank, Brookline, Massachusetts -- (1) to merge with Berkshire Bank, Pittsfield, Massachusetts; Bank Rhode Island, Providence, Rhode Island; and PCSB Bank, Yorktown Heights, New York, with Brookline Bank as the resulting bank, and (2) to thereby establish branches at the locations of the main offices and branches of Berkshire Bank, Bank Rhode Island, and PCSB Bank.
- Approved, August 11, 2025
Reading Co-Operative Bank, Reading, Massachusetts -- to merge with Wakefield Co-operative Bank, Wakefield, Massachusetts, and thereby establish branches at Wakefield Co-operative Bank's main office and branches.
- Approved, March 10, 2025
Change In Bank Control
Berkshire Hills Bancorp, Boston, Massachusetts -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself; its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940; other pooled investment vehicles; and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of Berkshire Hills Bancorp, Inc., and thereby indirectly acquire voting shares of Berkshire Bank, Pittsfield, Massachusetts.
- Withdrawn, September 10, 2025
Brookline Bancorp, Inc., Boston, Massachusetts -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself; its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940; other pooled investment vehicles; and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of Brookline Bancorp, Inc., and thereby indirectly acquire voting shares of Brookline Bank, Brookline, Massachusetts, and Bank Rhode Island, Providence, Rhode Island.
- Withdrawn, September 10, 2025
Guaranty Bancorp, Inc., Woodsville, New Hampshire -- the Charles P. Butson Living Trust and the Michele F. Butson Living Trust, Charles P. Butson and Michele F. Butson, as co-trustees of both aforementioned trusts, all of Bradenton, Florida, and others, as a group acting in concert, to retain voting shares of Guaranty Bancorp, Inc., and thereby indirectly retain voting shares of Woodsville Guaranty Savings Bank, Woodsville, New Hampshire.
- Permitted, April 18, 2025
Membership
Ion Bank, Naugatuck, Connecticut -- to become a member of the Federal Reserve System.
- Approved, October 8, 2025
Financial Holding Companies
OceanPoint Financial Partners, MHC, Middletown, Rhode Island -- election to become a financial holding company.
- Effective, October 30, 2025

Last Update: December 4, 2025