Hometown Financial Group to acquire CFSB for $44m.

Hometown Financial Group, a mutual multi-bank holding company, agreed to acquire CFSB, a holding company for Colonial Federal Savings Bank, for $44m. "We are thrilled to welcome Colonial Federal's customers, employees, and communities to the Hometown Financial Group family of banks. This merger will increase our presence in eastern Massachusetts, and we are eager to share the power and resources of Hometown Financial Group and North Shore Bank with the employees and customers of Colonial Federal, Matthew S. Sosik, Hometown Financial Group Chairman and CEO.