By the Division of Banks



Event Detail


Event:
Public Hearing on Middlesex Savings Bank, Natick, Massachusetts approval to acquire Service Bancorp, MHC and Service Bancorp, Inc., Medway, Massachusetts 
Type of Event:Public Hearing
Date:04/23/2009, 1:30 PM
Description:

THE COMMONWEALTH OF MASSACHUSETTS
BOARD OF BANK INCORPORATION
AND
THE DIVISION OF BANKS

MIDDLESEX BANCORP, MHC, (in formation), (the "Petitioner"), Natick, Massachusetts has petitioned the Board of Bank Incorporation (the "Board") pursuant to Massachusetts General Laws, chapter 167A, sections 2 and 4 for approval to acquire ownership and control of SERVICE BANCORP, MHC and SERVICE BANCORP, INC., together referred to as ("Service"), Medway, Massachusetts in a multi-step transaction. In a related transaction that is subject to the jurisdiction of the Division of Banks, STRATA BANK will be merged with and into the Petitioner's subsidiary bank, MIDDLESEX SAVINGS BANK ("Middlesex"), Natick, Massachusetts. As a result of this transaction, the banking offices of STRATA BANK will become the banking offices of MIDDLESEX, except for the branch offices at 59 Main Street, Hopkinton and 18 North Meadows Road, Medfield which will be closed.

In determining whether or not to approve these applications, the Board and the Division must decide, among other things, whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by these proposals. A public hearing before the Board will be held at 1:30 p.m. on Thursday, April 23, 2009, Hearing Room A, Fifth Floor, One South Station, Boston, Massachusetts.

Any comments in favor or protest should be filed with the Board or Division prior to the close of business on April 28, 2009 at One South Station, Boston, Massachusetts 02110. The applications and all communications relative to this matter are available at the Division at the above address.

Board of Bank
Incorporation

Steven L. Antonakes
______________________
Commissioner of Banks


Navjeet K. Bal
______________________
Commissioner of Revenue


Timothy P. Cahill
______________________
Treasurer and Receiver-General

Written comments:

accepted until: 04/28/2009

Location:Hearing Room A
Fifth Floor
One South Station
Boston, MA
Contact:DOB -- Massachusetts Division Of Banks
 
Registration:No Registration
Fee:none