On September 20, 2024, Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, and Abington Bank, and North Shore Bancorp, the holding company for North Shore Bank, completed its merger transaction whereby North Shore Bank became a wholly-owned subsidiary of Hometown Financial Group and merged with Abington Bank, with North Shore Bank as the surviving entity.

Hometown Financial Group is a multi-bank mutual holding company with consolidated assets, following the merger, of $6.5 billion and 52 branch offices located throughout Massachusetts, northeastern Connecticut and Southern New Hampshire.

Following the merger, North Shore Bank has over $3.0 billion in assets with 25 branches located throughout the North and South Shore regions of Massachusetts and southern New Hampshire.

Luse Gorman served as legal counsel to Hometown Financial Group in the transaction. The Luse Gorman team consisted of Scott Brown, Larry Spaccasi, Kent Krudys, Max Seltzer and Keeler Fina.

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.