Two small, 130-year-old mutual banks on the North Shore plan to merge over the next several months, forming a single institution with $1.4 billion in assets and 18 branches in Essex County and southern New Hampshire.
Peabody-based North Shore Bank announced Tuesday that it plans to merge with Beverly Bank, based in Beverly. Completion of the merger is expected by the end of September.
According to a joint statement by both banks, all Beverly Bank employees will join the new bank, which will be…
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