NORTH EASTON, Mass., May 2, 2019 /PRNewswire/ -- North Easton Savings Bank and Mutual Bank have received final approval from the FDIC and Massachusetts Division of Banks to merge under the North Easton Savings Bank name, effective April 29, 2019. As previously reported, North Easton Savings Bank and Mutual Bank announced in late 2018 their plans to merge in April 2019. Richard Spencer, President and CEO of Mutual Bank, has assumed the role of President and CEO of the combined institution, following the retirement of former North Easton Savings Bank President and CEO Robert J. Berg. The two banks have begun the process of integrating operations and systems, and anticipate that effort to be completed later this year. All 18 branch locations will remain open and transition to the North Easton Savings Bank name when the integration is completed. The merger will enable the combined Bank to more effectively meet the needs of customers across southeastern Massachusetts. The Bank is committed to providing an ongoing culture of support, growth and success for all employees and its communities.
SOURCE Mutual Bank; North Easton Savings Bank