bankHometown's sister company merges with Abington Bank
The parent company of Oxford-based bankHometown has merged a subsidiary with Abington Bank.
Pilgrim Bank of Cohasset, a subsidiary of Easthampton-based Hometown Financial Group, has merged with Abington Bank to create a $600-million community banking institution with six offices in eastern Massachusetts, the companies announced Wednesday.
Abington now joins the Hometown family of bankHometown, Pilgrim Bank and Western Massachusetts-based bankESB.
The merged institution will be headed by Abington Bank CEO Andrew Raczka, according to the announcement.
The combined resources of the merged banks will enable better service to customers in Plymouth and Norfolk counties, Raczka said.
“We will have the size and scale needed to be a meaningful player in this market and be able to offer the products and services our customers need with the local commitment they deserve,” he said.
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