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Massachusetts-based Beverly Bank merges into in-state peer North Shore Bank

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Massachusetts-based Beverly Bank merges into in-state peer North Shore Bank

Peabody, Mass.-based North Shore Bank, a Co-operative Bank, and Beverly, Mass.-based Beverly Bank completed their merger Oct. 1.

Beverly Bank, which merged into North Shore Bank, will operate for a short interim period as Beverly Bank, a division of North Shore Bank. Beverly Bank branches will be rebranded as North Shore Bank following their planned consolidation of systems, scheduled for March 2020.

North Shore Bank President and CEO Kevin Tierney Sr. continues to work as CEO of North Shore Bank and its parent, North Shore Bancorp. Beverly Bank President and CEO Michael Wheeler assumes the role of president and COO.

With the addition of Beverly Bank, North Shore Bank's total assets exceed $1.4 billion, according to a news release.