On November 17, 2016, Abington Bank (“Abington”), Abington, Massachusetts, and Holbrook Cooperative Bank, (“Holbrook”), Holbrook, Massachusetts, jointly announced that Holbrook will merge with and into Abington with the Holbrook location being operated as “Holbrook Cooperative Bank, an Affiliate of Abington Bank.”

Luse Gorman served as legal counsel to Abington in the transaction.  The Luse Gorman team was led by Kent Krudys, Lawrence Spaccasi and Victor Cangelosi (Corporate/M&A) and Thomas Hutton (Executive Compensation).

Abington is a Massachusetts chartered co-operative bank with $135 million in assets.

Holbrook is a Massachusetts chartered co-operative bank with $105 million in assets.