Pittsfield Cooperative Bank in Pittsfield, Massachusetts, and Adams Community Bank in Adams, Massachusetts, are planning to merge. The mutuals said in a press release that they will create a $1.5 billion-asset institution with 15 branches. Pittsfield Cooperative has $430 million of assets, while Adams Community has $1 billion of assets.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Editor’s note: This story has been updated to correct the total assets of both banks.










