16 MetroWest495 Biz | October 2014
BY LIvIa GErshon
Special to MetroWest495Biz
o
ver the past few months,
there's been a mini-boom
in switches of community
banks to the ranks of publicly held
institutions. Hyde Park-based Blue
Hills Bank, East Boston Savings Bank,
Melrose Cooperative Bank and
Pilgrim Bank of Cohasset have all
decided to start selling stock.
Leaders resist siren song
of stock sales
Community
banks
hold pat
Mutual community banks such as Avidia follow a growth strategy aimed at longevity and independence.
P h o t o s / E D D c o t E
