March 15, 2023

On March 14, 2023, 1831 Bancorp, MHC, Dedham, Massachusetts, and South Shore Bancorp, MHC, South Weymouth, Massachusetts, announced their agreement to form a strategic partnership through the merger of 1831 Bancorp, MHC and South Shore Bancorp, MHC. South Shore Bank and Dedham Institution for Savings, the bank subsidiaries of South Shore Bancorp, MHC and 1831 Bancorp, MHC, respectively, will remain independent entities under a mutual multi-bank holding company.

Dedham Savings has nine full-service offices and approximately $2 billion in assets.

South Shore has 12 full-service offices and approximately $2 billion in assets.

Luse Gorman is serving as legal counsel to Dedham Savings in the transaction. The Luse Gorman team consists of Kent Krudys, Larry Spaccasi, John Gorman, Max Seltzer and Babette Schwartz.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.