Rooted in tradition.

Committed to your future. 

Meet your better community bank.

We are pleased to announce that North Easton Savings Bank and Mutual Bank will be merging in early 2019, pending regulatory approval. As two banks that share a commitment to families and businesses in southeastern Massachusetts, this merger combines our histories, resources, and vision for the future, creating your better community bank.

Bookmark this page for the most up-to-date merger details.
We will continue to post updates as we have new information to share.

Read the full press release

Read the announcement letter

Read the approval letter for North Easton Savings Bank customers

Read the approval letter for Mutual Bank customers

About the Merger

You’ve Got Questions. We’ve Got Answers.

At this time, you should continue using the branches of your current bank. One of the advantages of this merger for our customers is gaining access to a larger network of branches and ATMs, slated for late in 2019.  We'll mail specific information about this in Welcome Packages to all customers later this year, and announce the change on this site.

May 13, 2019

We are working to minimize interruption to our customers' accounts. It is too soon to say with certainty how the merger will affect any individual account. We will mail specific information about your accounts and services well in advance of any changes. Thank you for your patience.

Apr 01, 2019

We anticipate that we will reissue new debit and ATM cards for some or all of our cardholders later this year. We'll send each customer specific information about what to expect and what to do, well in advance of any such change.

Apr 01, 2019

All deposits of both banks are, and will continue to be, fully insured by FDIC up to the allowable limits by law, and by additional insurance, Depositors Insurance Fund (DIF), for balances above the limits.

May 13, 2019

Yes, remote check deposit will be available to customers of both banks after we combine systems in November 2019. Mutual Bank customers currently can make remote check deposits. Later this year, we will mail specific information about this and other new features in advance of any changes in service.

May 13, 2019

The combined Bank will remain active originating home mortgages. We plan to use the secondary market as a source of funding, but when we do, we most often will sell loans and continue to service the loan even if we do not own the loan. There are specialty programs offered by MassHousing and the FHA, for example, where we cannot service the loans. This is true today as well. Offering those loan types, even when we cannot service them, is a benefit to our local communities.

May 13, 2019

It's soon to say how the merger will affect any individual account. If your checks need to be replaced, the Bank will take care of it at no cost to you. 

May 13, 2019

Yes, if you are enrolled in online banking, you can add your account with the other bank as an external account and make transfers. When we combine systems later this year, you will be able to make internal transfers between your enrolled accounts.

May 13, 2019

At this time both Bank's current offerings will continue while we work to develop a suite of products and services best suited for all customers of the merged institution. All existing rate commitments (CD's, fixed rate loans) will be honored in full.  We will provide specific information to customers about their own accounts later this year, in advance of any changes. 

May 13, 2019

We at Mutual Bank are proud of our name, and we take it as a welcome sign of loyalty that some of our customers say they’ll be sorry to see the name go. But we are equally delighted that our new name will be a local place name, and signify our mission to continue to serve each and every one of our communities as a strong local bank option. We hope you’ll give us the opportunity to prove our commitment in the coming months.

Jan 11, 2019

We anticipate that the merger of our two banks will be complete in the final months of 2019. Our customers may notice some changes at both banks as early as April, before the merger is final, as we make progress throughout the year. If we make a change that will impact the way our customers do their banking, we will notify affected customers well in advance, and make the process as convenient as possible.

Jan 28, 2019

Yes. Neither bank has external shareholders and the combined bank will continue in that tradition. We feel this allows us to prioritize the needs of our customers and our communities we serve as your better community bank. 

Dec 06, 2018

The combined Bank will incorporate the strengths of both institutions and our current customer offerings, and details on what this will include are currently being reviewed. You will receive communications in 2019 that will outline any account changes you may experience, including potential impacts to your account numbers, account details, online tools and other bank services

Dec 06, 2018

Yes, all Mutual Bank and North Easton Savings Bank branches will remain open after the merger. While both banks focus on the needs of the southeastern Massachusetts area, there is no overlap in their branch locations. When the conversion is completed in 2019 all branches will operate as North Easton Savings Bank branches. While the name will change on the Mutual Bank doors, you'll still see the same familiar faces. 

Dec 06, 2018

This merger creates the opportunity for two complementary institutions to provide greater offerings to customers and to continue to serve southeastern Massachusetts as an even better community bank.

Nov 07, 2018

At the time of the customer and systems conversion in 2019, the combined bank will be named North Easton Savings Bank.

Nov 07, 2018

As the date for the systems conversion in 2019 is established, customers will receive detailed information about what to expect. All communications will be sent via direct mail and will be available in branches. Customers can always access the most up-to-date information at this website.

Nov 07, 2018

The combined Bank will incorporate the strengths of both institutions and our current customer offerings. You will receive communications in 2019 that will outline any account changes you may experience, including potential impacts to your account numbers, online tools and other bank services.

Nov 07, 2018

Yes. As community banks, both North Easton Savings Bank and Mutual Bank share a similar commitment to southeastern Massachusetts families, businesses and communities. The combined bank will continue to be invested in our local area.

Nov 07, 2018

Current CEO and President of North Easton Savings Bank, Bob Berg, will be retiring as planned in early 2019. When the two banks merge in 2019, Mutual Bank CEO Rich Spencer will become the CEO of the combined bank.

Nov 07, 2018

Yes. The employees of both institutions have contributed much to each bank’s success, and the combined employee team will continue to drive success for the combined bank. You’ll see familiar faces, and have access to new team members as well.

Nov 07, 2018