Hometown Financial Group to acquire North Shore Bancorp.

Hometown Financial Group, a $4.7bn mutual multi-bank holding company, agreed to acquire North Shore Bancorp, the holding company for North Shore Bank. Financial terms were not disclosed. "We're thrilled to welcome North Shore Bank's customers, employees, and communities to the Hometown Financial Group family of banks. This merger will more than double our presence in eastern Massachusetts in terms of locations and assets, so we're eager to share the significant power and resources of Hometown Financial Group with the employees and customers of North Shore Bank," Matthew S. Sosik, Hometown Financial Group Chairman and CEO.