Tuesday, January 5, 2010

It's a done deal. East Boston Savings fully acquires Mt. Washington

Meridian Interstate Bancorp, Inc. and East Boston Savings Bank Complete Acquisition of Mt. Washington Cooperative Bank (Nasdaq:EBSB):

"EAST BOSTON, Mass., Jan. 5, 2010 (GLOBE NEWSWIRE) -- Meridian Interstate Bancorp, Inc. ('Meridian Interstate') (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today that it has completed its acquisition of Mt. Washington Cooperative Bank ('Mt. Washington'). The combination of Mt. Washington and East Boston results in a community bank with 20 full service branch offices located throughout the Boston metropolitan area. Each Mt. Washington branch office has become a branch office of East Boston Savings Bank, and such branch offices will operate under the name 'Mt. Washington Bank, A Division of East Boston Savings Bank.'"