On September 30, 2024, River Run Bancorp, MHC, Newburyport, Massachusetts, announced the signing of a definitive merger agreement with Rollstone Bancorp, MHC, Fitchburg, Massachusetts, pursuant to which Rollstone Bancorp, MHC, the mutual holding company of Rollstone Bank & Trust, Fitchburg, Massachusetts, will merge with and into River Run Bancorp, MHC. As part of the transaction, Rollstone Bank & Trust will become the third bank subsidiary of River Run Bancorp, MHC, the mutual holding company parent for Newburyport Bank and Pentucket Bank.

Rollstone Bank & Trust has approximately $900 million in assets and ten branches in Fitchburg, Leominster, Harvard, Townsend, and Groton, Massachusetts.

River Run Bancorp, MHC is the mutual holding company parent of Newburyport Bank, Newburyport, Massachusetts, and Pentucket Bank, Haverhill, Massachusetts. Newburyport Bank has approximately $1.61 billion in assets and ten branches in Massachusetts and New Hampshire. Pentucket Bank has approximately $1.06 billion in assets and has six branches in Massachusetts and Southern New Hampshire.

Luse Gorman is serving as legal counsel to Rollstone Bancorp, MHC and Rollstone Bank & Trust in the transaction.  The Luse Gorman team consists of Lawrence M.F. Spaccasi, Scott A. Brown, Max Seltzer and Keeler A. Fina.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past five 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.