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News & Events

05  November 2015
North Shore Bank and Merrimac Savings Bank Announce Completion of Merger

North Shore Bank Merimac Office, Merrimac, Massachusetts 01860Peabody, MA (www.northshore-bank.com) North Shore Bank and Merrimac Savings Bank are pleased to announce the completion of their merger on Sunday, November 1, 2015. The combined entity, operating as North Shore Bank, is a $750 million financial institution serving more than 25,000 consumers and businesses while operating out of twelve full-service branches in eastern Massachusetts and southern New Hampshire.

According to David J. LaFlamme, Chief Executive Officer of North Shore Bank,

"We’re very excited to welcome the customers of Merrimac Savings Bank to the North Shore Bank family.” LaFlamme went on to relate, “This merger is an exciting opportunity for the bank, as it allows us to expand our service area into northern Massachusetts and southern New Hampshire. We’re confident that we can build upon the strong relationships that Merrimac Savings Bank has established and continue to provide exceptional service throughout the area."

The latter sentiment was echoed by John Meserve, President and Chief Executive Officer of Merrimac Savings Bank,

"Partnering with North Shore Bank is a win-win for our customers, employees and the greater community." said Meserve, “North Shore Bank is a full-service community bank, not unlike Merrimac Savings, that serves its customers with a commitment that is unrivalled in the marketplace. We couldn’t be happier to join their team.”

About North Shore Bank

North Shore Bank is a full-service community bank based in Peabody, Massachusetts and serving the personal and business banking needs of the North Shore, eastern Massachusetts and southern New Hampshire. Established in 1888, the bank operates out of twelve area offices, located in Beverly, Danvers, Merrimac, Middleton, Newton New Hampshire, Peabody, Salem and Saugus.

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