Hometown Financial Group completed the acquisition of CFSB for $44m.

Hometown Financial Group, a mutual multi-bank holding company, completed the acquisition of CFSB, a holding company for Colonial Federal Savings Bank, for $44m. "We're thrilled to welcome Colonial Federal employees and customers into the North Shore Bank and Hometown Financial Group family. As we grow our presence in eastern Massachusetts, solidify our already formidable branch network on the South Shore, and introduce our unique brand of community banking to the customers and employees of Colonial Federal, we look forward to introducing the Colonial Federal family to all the products, services and locations to help unlock their potential," Matthew S. Sosik, Hometown Financial Group Chairman and CEO.