<< Read Full Article

Danvers Bancorp To Buy Beverly National For $62M

Stock quotes in this article: BNV , DNBK , TBBK  

DANVERS, Mass. (AP) — Two banks on the North Shore of Boston are combining.

The parent company of Danversbank has agreed to acquire Beverly National Corp. for about $62 million, or $23.04 per share, in an all-stock transaction.

Danvers Bancorp Inc. CEO Kevin Bottomley said Wednesday the deal will boost earning prospects and make the company the sixth-largest publicly traded bank based in Massachusetts, with assets worth $2.2 billion and deposits of $1.6 billion. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,471.50 1,106.41 2,190.31 35.40
Oil *
71.66
UP
65.67
UP
4.06
DOWN
0.55
UP
0.58
10 Yr
3.54%
SPDR Gold
109.32
+0.63%
+0.37%
-0.03%
+1.67%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services