Actions taken by the Federal Reserve Bank of Boston under delegated authority

Bank Holding Companies
Ion Financial, MHC, Naugatuck, Connecticut -- to become a bank holding company by acquiring NVE Bancorp, MHC, and NVE Bancorp, Inc., and thereby indirectly acquiring NVE Bank, all of Englewood, [New Jersey.]
- Approved, February 28, 2025
Winchester Bancorp, MHC, Winchester, Massachusetts -- to become a bank holding company by acquiring voting shares of Winchester Bancorp, Inc., a mid-tier holding company, through a mutual holding company reorganization and minority stock issuance, and thereby indirectly acquire Winchester Savings Bank, Winchester, Massachusetts.
- Approved, February 10, 2025
River Run Bancorp, MHC, Newburyport, Massachusetts -- to merge with Rollstone Bancorp, MHC, Fitchburg, Massachusetts, and thereby indirectly acquire Rollstone Bank & Trust.
- Withdrawn, January 24, 2025
Liberty Financial Corporation, Middletown, Connecticut -- to become a bank holding company by acquiring Liberty Bank, Middletown, Connecticut.
- Approved, January 17, 2025
PeoplesBancorp, MHC, Holyoke, Massachusetts -- to merge with SSB Community Bancorp MHC and thereby indirectly acquire SSB Community Bancorp Inc. and Cornerstone Bank, all of Spencer, Massachusetts.
- Approved, January 15, 2025
Bank Mergers
Reading Co-Operative Bank, Reading, Massachusetts -- to merge with Wakefield Co-operative Bank, Wakefield, Massachusetts, and thereby establish branches at Wakefield Co-operative Bank's main office and branches.
- Approved, March 10, 2025

Last Update: March 27, 2025