It was recently announced that Beverly Financial will merge with North Shore Bancorp, and Beverly Bank with North Shore Bank, to create an organization to improve services and resources for the communities, businesses, and people north of Boston.
The new North Shore Bank will continue its status as a co-operative and mutual bank. CEO and President of North Shore Bank, Kevin Tierney, Sr. will be the CEO of North Shore Bank and North Shore Bancorp, which is the parent organization. Michael Wheeler, President and CEO of Beverly Bank, will be the chief operating officer and president.
Tierney and Wheeler stated that with the additional challenges and competitiveness faced by community banks, the merging of the two institutions will enable the organization to provide a stronger bank that can better address the demands of cyber-security and banking regulations, while still maintaining its commitment to its customers.
Organizations such as these might consider brochure printing to outline what such mergers mean for their customers, as well as potential new services.
The merger will result in 18 full-service branches of the bank in southern New Hampshire and Essex County. In addition, all employees at Beverly Bank will become part of the team of North Shoe Bank, so that customers at both will be served by the same people as when the banks were independent of each other.
Location
409 Cabot Street
Beverly, MA 01915
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Hours
Mon: 8:00 - 5:00
Tue: 8:00 - 5:00
Wed: 8:00 - 5:00
Thu: 8:00 - 5:00
Fri: 8:00 - 5:00
Sat: Closed
Sun: Closed