Needham Bank to merge with BankProv for $211.8m.

Needham Bank, a Massachusetts-based community bank, agreed to merge with BankProv, a full-service commercial bank, for $211.8m. "This merger allows Needham Bank to expand into attractive market areas on the Massachusetts North Shore and in Southern New Hampshire where we already have a concentration of business clients. Needham prides itself on being a nimble, future ready organization that takes a relationship approach to the businesses and consumers we serve. BankProv shares that same philosophy, making this a good fit culturally for both organizations," Joseph P. Campanelli, Needham Bank Chairman, President and CEO.