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  • Division of Banks

News  Board of Bank Incorporation Hearing: Mutual Bancorp, Hyannis, to acquire Fidelity Mutual Holding Company, Leominster

Tuesday, February 13, 2024, 10:30 am - 11:30 am
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation

MUTUAL BANCORP, Hyannis, Massachusetts, has petitioned the Board of Bank Incorporation (Board) pursuant to Massachusetts General Laws, chapter 167A, sections 2 and 4 for approval to acquire FIDELITY MUTUAL HOLDING COMPANY, (Fidelity MHC), Leominster, Massachusetts, the mutual holding company for Fidelity Co-operative Bank, Leominster, Massachusetts.  Mutual Bancorp is the mutual holding company of The Cape Cod Five Cents Savings Bank, Hyannis, Massachusetts.  Upon consummation of the transaction, Mutual Bancorp would be the mutual holding company for both The Cape Cod Five Cents Savings Bank and Fidelity Co-operative Bank.

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 13, 2024, at 10:30 a.m. 

The link for the virtual hearing is below. 

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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 Friday, February 9, 2024 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 02110-6400 or via electronic mail to dob.comments@mass.gov by the close of business on Wednesday, February 21, 2024.  The application and all communications relative to this matter 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.
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