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BankHometown completes merger with Millbury Savings Bank

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BankHometown completes merger with Millbury Savings Bank

Oxford, Mass.-based bankHometown completed its merger with Millbury Savings Bank,

With the deal's completion, bankHometown now has $1 billion in assets and 15 branches throughout central Massachusetts and northeastern Connecticut. The bank plans to open a new branch on Grove Street in Worcester in early 2020.

Matthew Sosik, former president and CEO of bankHometown, will continue in role as CEO of Hometown Financial Group Inc. and Easthampton Savings Bank, which does business as bankESB.

In addition, bankHometown announced the appointment of Millbury Savings Bank President and CEO Robert Morton as its president.