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  6. Meridian Bank Acquires Meetinghouse Bancorp

M&A Deal Summary

Meridian Bank Acquires Meetinghouse Bancorp

On June 26, 2017, Meridian Bank acquired financial services company Meetinghouse Bancorp for 18M USD

Acquisition Highlights
  • This is Meridian Bank’s 1st transaction in the Financial Services sector.
  • This is Meridian Bank’s largest (disclosed) transaction.
  • This is Meridian Bank’s 1st transaction in the United States.
  • This is Meridian Bank’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-06-26
Target Meetinghouse Bancorp
Sector Financial Services
Buyer(s) Meridian Bank
Deal Type Add-on Acquisition
Deal Value 18M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Nutter McClennen & Fish (Legal)

Target

Meetinghouse Bancorp

Dorchester, Massachusetts, United States
Meetinghouse Bancorp is a community bank offering traditional financial services to consumers and businesses within its primary market area. Meetinghouse Bancorp was founded in 1914 and is based in Dorchester, Massachusetts.

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Buyer(S) 1

Buyer

Meridian Bank

Peabody, Massachusetts, United States
Category Company
Founded 1848
Sector Financial Services
Employees478
Revenue 206M USD (2020)
DESCRIPTION

Meridian Bank is the holding company for East Boston Savings Bank. East Boston Savings Bank, a Massachusetts-chartered stock savings bank founded in 1848, operates 27 full service locations in the greater Boston metropolitan area including nine full-service locations in its Mt. Washington Bank Division. Meridian Bank was founded in 1848 and is based in Peabody, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
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