News & Updates

Welcome to Pentucket Bank's News & Updates page. Here you will find the following:

For the latest, we encourage you to check back frequently!

One of Haverhill's greatest strengths is that there is no shortage of people working hard to make this city a better place to live. Every day, leaders throughout the community are making a positive difference for our schools, for the arts and events, for those less fortunate, and for the overall betterment of Haverhill. With that in mind, we asked you to nominate the people you think are "the most influential" - with an influential person defined as "one who has the power or capacity of causing an effect in our community in indirect or intangible ways. We received more than yo nominations and pared the list down to the 25 you will find on the following pages. We asked them all to share a little about themselves, including their proudest moments, biggest influences on their own lives and their life philosophies. Congratulations to our very own VP of Marketing and Community Relations, Leanne Eastman, for being recognized this year.

 

 

 

THE COMMONWEALTH OF MASSACHUSETTS
BOARD OF BANK INCORPORATION

NEWBURYPORT FIVE CENTS BANCORP, MHC (MHC) and NEWBURYPORT FIVE CENTS BANCORP, INC. (BANCORP), Newburyport, Massachusetts have petitioned the Board of Bank Incorporation (Board), pursuant to Massachusetts General Laws chapter 167A, sections 2 and 4, for approval to each become a bank holding company through the direct and indirect acquisition of PENTUCKET BANK, Haverhill, Massachusetts. MHC and BANCORP are the mutual holding company and mid-tier stock holding company, respectively, of NEWBURYPORT FIVE CENTS SAVINGS BANK, Newburyport, Massachusetts. The transaction will be effected through a merger of MHC with PENTUCKET BANK’S mutual holding company, PENTUCKET BANK HOLDINGS, MHC and the merger of BANCORP with PENTUCKET BANK’S mid-tier subsidiary stock holding company, PENTUCKET BANCORP, INC., Haverhill, Massachusetts. Upon consummation of the transaction, MHC and BANCORP would be the mutual holding company and mid-tier subsidiary stock holding company for both NEWBURYPORT FIVE CENTS SAVINGS BANK and PENTUCKET BANK.

In determining whether or not to approve this petition the Board must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by this proposal. A virtual public hearing will be given to all interested parties on the petition before the Board on Tuesday, May 23, 2023, at 10:30 a.m. The link providing information for the virtual hearing, including the online meeting software that will be used to conduct the virtual hearing, will be available on the Divisions of Banks’ website at www.mass.gov/dob by noon on Monday, May 22, 2023.

All comments concerning this petition must be filed with the Board at 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118-6400 or via electronic mail to dob.comments@mass.gov by the close of business on Friday, June 2, 2023. The application and all communications relative to this matter are available by request at dob.rao@mass.gov.

MARY L. GALLAGHER                            )
Commissioner of Banks                    )                                                            

DEBORAH B. GOLDBERG                      )     Board of Bank
Treasurer and Receiver-General    )     Incorporation

GEOFFREY E. SNYDER                           )
Commissioner of Revenue               )