Announced
Synopsis
Cape Cod 5, a community bank, agreed to merge with Fidelity Bank, a provider of personal and business banking solutions. Financial terms were not disclosed. "Fidelity Bank and Cape Cod 5 are both long-standing institutions with very similar cultures and values. We both focus on personalized service to consumers and businesses, and a commitment to making a positive impact in our communities. This partnership will strengthen Mutual Bancorp and enable us to utilize shared resources and best practices so that each bank can grow in size, strength, and offerings to customers. The combination will allow us to adapt to an ever-changing environment, as well as provide additional growth and development opportunities for our dedicated teams," Matt Burke, Cape Cod 5 and Mutual Bancorp Chairman and CEO.
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