Centreville Bank Completes Acquisition of Putnam Bank
Centreville Bank, a Rhode Island- chartered savings bank, announced it has completed its cash acquisition of PB Bancorp, the parent company of Connecticut’s Putnam Bank.
Steady Pace of Bank Mergers a Product of Rising Costs, Interest Rates
After a seemingly quiet couple of years, bank mergers and acquisitions have picked up in Connecticut. And lenders are challenged to deal with the disruptions they cause in customers’ lives.
Putnam Bank to Merge with Rhode Island Lender
Putnam-based Putnam Bank has agreed to merge with Centreville Bank, a Rhode Island-chartered savings bank.
