Region – Marlborough Savings Bank (www.agreatbank.com), a wholly-owned subsidiary of Marlborough Bancshares, Inc. and Marlborough Bancshares, MHC, and North Middlesex Savings Bank (www.nmsb.com), a mutual savings bank, have announced the completion of their merger, which was effective on April 1, 2017.
The merger was completed pursuant to the terms of the agreement and plan of merger, dated as of July 12, 2016, between Marlborough Savings Bank and North Middlesex Savings Bank. In connection with the merger, the combined bank has changed its name to Main Street Bank. Main Street Bank will have combined assets of approximately $969 million and customers of both banks will have access to 14 banking centers located in Ayer, Devens, Groton, Hudson, Littleton, Lunenburg, Marlborough, Northborough, Pepperell, Shirley, Southborough, Sudbury, and Westborough. The merger is not expected to result in any job losses or branch closings.
For more information, please visit www.BankMainStreet.com.