February 20, 2024

On February 15, 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, announced their agreement for North Shore Bank to become a wholly-owned subsidiary of Hometown Financial Group and merge with Abington Bank, with North Shore Bank as the surviving entity.

Hometown Financial Group is a $4.7 billion multi-bank mutual holding company with 37 branch offices located throughout Massachusetts and northeastern Connecticut.

North Shore Bank is a $1.7 billion community bank with 15 offices located throughout the North Shore region of Massachusetts and southern New Hampshire.

Luse Gorman is serving as legal counsel to Hometown Financial Group in the transaction. The Luse Gorman team consists of Scott Brown, Larry Spaccasi, Kent Krudys and Max Seltzer.

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.