Three More Massachusetts Savings Banks Forming MHCs

This August 22nd Banker & Tradesman article, Three Local Banks Have Mutual Goals, documents the trend of Massachusetts mutual banks forming mutual holding companies to assist them in "forming new business alliances, raising capital and diversifying business activity." The three banks named in the article are: Salem Five Cents Savings Bank, Florence Savings Bank, and Monson Savings Bank. Subscribers to Banker & Tradesman can read the full article here. Or download a reprint here.