Business & Tech
Marlborough Bank To Merge With Another Central MA Bank: Report
The merger will result in a $1.15 billion entity, according to WBJ.
MARLBOROUGH, MA — Two banks in central Massachusetts have announced that they plan to merge.
St. Mary’s Credit Union in Marlborough will merge with MetroWest Community Federal Credit Union in Framingham, according to a report from the Worcester Business Journal. The merger is expected to be completed by 2026.
The WBJ reported that consolidating the two banks will result in a $1.15 billion entity, which will operate under the St Mary’s credit union name.
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There will be 8 branch locations with over 62 thousand customers, the WBJ reported.
Following the merger of the two banks, there will be an expanded branch, an ATM and improved digital banking offerings, according to WBJ.
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