A message to our customers on our recent merger announcement
Dear Valued Customer:
We’re truly excited about our recent agreement to merge Abington Bank and North Shore Bank under our parent company, Hometown Financial Group. While both banks are already strong, we know that together we’ll be even better able to unlock potential for our employees, our communities, and especially you, our valued customers.
Enhanced services with greater convenience. With increased capacity to lend, a larger branch network, and a continued commitment to smart banking tools and technology, Abington Bank will have the resources and market presence to better meet your needs. When the merger is complete, you’ll have access to 25 full-service branch locations in the North Shore and South Shore regions of Massachusetts and southern New Hampshire. Plus, you’ll be able to use 35 bank-owned ATMs locally, including 5 Interactive Teller Machines (ITMs) manned by Digital Bankers, in addition to 55,000+ surcharge-free SUM® and Allpoint® Network ATMs worldwide.
Continued commitment to community banking and our neighborhoods. As a division of North Shore Bank, Abington Bank will remain a community bank and will stay committed to providing community banking services, reinvesting deposits in loans that support local economic growth and job creation, and giving back generously to the cities and towns we serve through our charitable giving program, The Giving Tree. The Abington Bank Community Foundation will continue to support organizations, causes, and events right here in our own backyard. As part of the transaction, North Shore Bank will establish a new charitable foundation to supplement its existing philanthropic mission.
Local leadership, with service from trusted employees. This merger will combine two great teams of dedicated employees who are focused on delivering an exceptional customer experience for you. You’ll enjoy continued access to local decision-makers and day-to-day service by the same employees you know and have banked with for years.
Minimal impact to bank services. While some changes might be needed to bring about a combined, best-in-class experience, as we merge banking systems, we’ll be sure to communicate timely information through direct communication. In the meantime, simply bank as you normally would as a customer of Abington Bank.
Fully insured deposits. When the merger is complete, your deposits will remain fully insured through the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).
We’ll be sure to communicate often so that you know what to expect in the months ahead as this merger is completed. As always, we thank you for your continued loyalty and trust.
Sincerely,
Andrew J. Raczka
President & Chief Executive Officer
