The Financial Services team advised Mutual Bancorp in the merger of the parent companies of Cape Cod 5 and Fidelity Bank.
Cape Cod 5 and Fidelity Bank have agreed to merge their respective mutual holding companies under one multibank holding company, Mutual Bancorp. Both banks will continue to operate independently as two separate financial institutions maintaining their respective names and brands, while continuing their mission and service to their clients and communities. Once finalized, Mutual Bancorp will have combined assets of more than $7.0 billion and will oversee and govern the strategic operations of both Cape Cod 5 and Fidelity Bank.
Founded in 1855, Cape Cod 5 is a community bank with over $5.5 billion in assets.
Founded in 1888, Fidelity Bank is one of the strongest independent community banks in Central and Eastern Massachusetts.
For more details, read the press release.