• This page, Board of Bank Incorporation Hearing: 1831 Bancorp and South Shore Bancorp Merger, is   offered by
  • Division of Banks

News  Board of Bank Incorporation Hearing: 1831 Bancorp and South Shore Bancorp Merger

1831 Bancorp and South Shore Bancorp Merger: Tuesday, August 1, 2023, 10:30 am - 12:00 pm
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation

1831 BANCORP, MHC (MHC) and 1831 BANCORP, INC. (BANCORP), Dedham, Massachusetts have petitioned the Board of Bank Incorporation (Board), pursuant to Massachusetts General Laws chapter 167A, sections 2 and 4, for approval to each become a bank holding company through the direct and indirect acquisition of SOUTH SHORE BANK, Weymouth, Massachusetts. MHC and BANCORP are the mutual holding company and mid-tier stock holding company, respectively, of DEDHAM INSTITUTION FOR SAVINGS, Dedham, Massachusetts. The transaction will be effected through a merger of MHC with SOUTH SHORE BANK’S mutual holding company, SOUTH SHORE BANCORP, MHC and the merger of BANCORP with SOUTH SHORE BANK’S mid-tier subsidiary stock holding company, SOUTH SHORE BANCORP, INC., Weymouth, Massachusetts. Upon consummation of the transaction, MHC and BANCORP would be the mutual holding company and mid-tier subsidiary stock holding company for both DEDHAM INSTITUTION FOR SAVINGS and SOUTH SHORE BANK.

In determining whether or not to approve the matter before it, the Board must decide, among other things, 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, August 1, 2023 at 10:30 a.m.  

Below is the link for the hearing:

Microsoft Teams meeting

Join on your computer, mobile app or room device

Click here to join the meeting

Meeting ID: 254 360 571 24
Passcode: SX6jHe

Download Teams | Join on the web

Or call in (audio only)

+1 857-327-9245,,421780566#   United States, Boston

Phone Conference ID: 421 780 566#

Find a local number | Reset PIN

Learn More | Meeting options

While it is not necessary to pre-register to provide oral testimony, anyone who emails their intention to provide oral testimony at the hearing in advance will receive preference in the order of testimony provided.  Such optional notice must include the person’s name, telephone number, and email address. Please send via email to dob.comments@mass.gov  by Monday, August 7, 2023 by 5:00 p.m.  In addition, written testimony can also be provided in advance via email to dob.comments@mass.gov.  If there are any questions, please contact the Division’s Legal Unit at 617-956-1520.

All comments concerning this petition must be filed with the Board at 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118-6400 or via electronic mail to dob.comments@mass.gov by the close of business on Monday, August 7, 2023. The application and all communications relative to these matters are available by request at dob.rao@mass.gov.



  • Division of Banks 

    The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
  • Office of Consumer Affairs and Business Regulation 

    The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.
  • Help Us Improve Mass.gov  with your feedback

    Please do not include personal or contact information.