MutualOne Bank

SUSAN RHEAULT was promoted to supervisor of operations at Hometown Bank in Oxford. Rheault has been working...

FOR A CAUSEFallon Health of Worcester raised $236,000 from its annual golf tournament for charities in Massachusetts...

PAY FOR PLAYS&E Specialty Polymers of Lunenburg donated $20,000 to Life is Good Playmakers to help children...

LEAVING A PAPER TRAILLeominster Credit Union’s Shred-a-Thon, where sensitive documents are securely destroyed, raised $815 for Habitat...

WALKING THE WALKEmployees of Worcester-based law firm Mirick O’Connell, along with friends and family, participated in the...

IT TAKES A VILLAGEHometown Insurance Center and E.J. Stochaj Insurance of Dudley committed to a multiyear...

In an era of competition from national and international institutions, pricey technology and uncertainty about coming regulations, what's a small local bank to do? The obvious answer, chosen by large numbers of banks across the country over the past couple of decades, is to merge with, buy, or be bought by, a rival. In Massachusetts, though, the situation is a bit different. Bruce Spitzer, spokesman for the Massachusetts Bankers Association, said 75 percent of the organization's members are mutually chartered banks. That means they can't be acquired by stock banks — which include big players like Bank of America — without going through a complex and lengthy conversion process.

CYBER COMPETITIONWorcester computer services firm Domitek donated five laptops to Worcester Public School students in Grades 7...

PRESERVING A LANDMARK
Framingham-based MutualOne Bank donated $10,000 toward window restoration at the historic Edgell Memorial Library. Pictured,...

NEW BEGINNINGSWorcester-based Rollstone Bank & Trust donated $1,000 to Straight Ahead Ministries (SAM) in Worcester to support...