M&A Deal Summary

bankHometown Acquires Randolph Bancorp

On March 28, 2022, bankHometown acquired financial services company Randolph Bancorp for 147M USD

Acquisition Highlights
  • This is bankHometown’s 3rd transaction in the Financial Services sector.
  • This is bankHometown’s 2nd largest (disclosed) transaction.
  • This is bankHometown’s 3rd transaction in the United States.
  • This is bankHometown’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2022-03-28
Target Randolph Bancorp
Sector Financial Services
Buyer(s) bankHometown
Deal Type Merger
Deal Value 147M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Goodwin Procter (Legal)

Target

Randolph Bancorp

Quincy, Massachusetts, United States
Randolph Bancorp is a Massachusetts corporation and the proposed holding company for Envision Bank providing people, families, and businesses in the community with a wide variety of products that are convenient and hassle-free and the kind of personalized and friendly service that is a touchstone of community banking. Randolph Bancorp was founded in 1851 and is based in Quincy, Massachusetts.

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Buyer(S) 1

Buyer

bankHometown

Easthampton, United States
Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

Hometown Financial Group, Inc. offer a complete line of commercial, business, and consumer banking and lending products and services to customers through its 23 branches located throughout western and central Massachusetts and northeastern Connecticut.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Merger) 1 of 1
State (Massachusetts) 3 of 3
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Millbury Savings Bank

Millbury, Massachusetts, United States

Millbury Savings Bank is a state-chartered mutual savings bank headquartered in Millbury, Massachusetts, with $228 million in assets and branches in Millbury and Worcester. Millbury Savings Bank is based in Millbury, Massachusetts.

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Mergr

Product

Company

Legal