- This page, BBI Virtual Hearing: River Run Bancorp, MHC, Newburyport, MA to acquire Rollstone Bancorp, MHC, Fitchburg, MA, is offered by
- Division of Banks
Public Hearing Notice BBI Virtual Hearing: River Run Bancorp, MHC, Newburyport, MA to acquire Rollstone Bancorp, MHC, Fitchburg, MA
Overview
River Run Bancorp, MHC, Newburyport, Massachusetts, has petitioned the Board of Bank Incorporation (Board) pursuant to Massachusetts General Laws, chapter 167A, sections 2 and 4 for approval to acquire Rollstone Bancorp, MHC, Fitchburg, Massachusetts, the mutual holding company for Rollstone Bank & Trust, Fitchburg, Massachusetts. River Run Bancorp, MHC is the mutual holding company of Newburyport Five Cents Savings Bank, Newburyport, Massachusetts and Pentucket Bank, Haverhill, Massachusetts. Upon consummation of the transaction, River Run Bancorp, MHC would be the mutual holding company for Newburyport Five Cents Savings Bank, Pentucket Bank, and Rollstone Bank & Trust.
In determining whether or not to approve this petition the Board must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by this proposal. A virtual public hearing will be given to all interested parties on the petition before the Board on Tuesday, February 25, 2025, at 10:30 a.m. The link to join the meeting is below.
Microsoft Teams
Join on your computer, mobile app or room device
Meeting ID: 293 616 679 814
Passcode: 2Bq2yV9d
Dial in by phone
+1 857-327-9245,,948532027# United States, Boston
Phone conference ID: 948 532 027#
Written testimony and requests for copies of the merger applications or comments can also be sent in advance via email to dob.comments@mass.gov.
All comments concerning this petition must be filed with the Board via electronic mail to dob.comments@mass.gov by the close of business on Tuesday, March 4, 2025. Comments may also be mailed to the Division of Banks’ Boston office. Please note that the Division of Banks will be moving its Boston office on February 7, 2025. Therefore, comments mailed on or before February 7, 2025 should be sent to 1000 Washington Street, 10th Floor, Boston, MA 02118-6400. Comments mailed after February 7, 2025 should be sent to One Federal Street, Suite 0710, Boston, Massachusetts 02110-2012. The application and all communications relative to this matter are available by request at dob.rao@mass.gov. To request interpretive services, please submit your request at least three (3) business days prior to the public hearing to Christopher Buzzell at 617-956-1500 x 61548 or christopher.buzzell@mass.gov.