GCB and NCB complete their merger
Greenfield Cooperative Bank and Northampton Cooperative Bank announced today that the merger of their two banks was successfully completed on April 1, 2015. The combined bank will operate under the Greenfield Cooperative Bank charter. However, the Northampton Cooperative Bank name will continue to be used for all branch offices located in Hampshire County, operating as a division of Greenfield Cooperative Bank. All Franklin County branch offices will continue to operate under the Greenfield Cooperative Bank name as a subsidiary of Greenfield Bancorp, MHC, the bank’s mutual holding company.
Click here for a pdf of the full 4/1/15 press release.
Click here for a pdf of the 3/15/15 merger notice to GCB customers.
Click here for a pdf of the 4/1/15 merger welcome to NCB customers.
CEO elected to the Federal Reserve Bank of Boston Board of Directors
The following is an excerpt from the announcement press release:
The Federal Reserve Bank of Boston announced its 2015 Board of Directors. The Board of Directors includes:
Michael E. Tucker, Esq., a Class A Director, is president, chief executive officer, and director of Greenfield Co-operative Bank and its parent company, Greenfield Bancorp MHC, a position he has held since 2003. A lawyer by training, Mr. Tucker began his career at the Springfield Institution for Savings, where he later served as senior vice president and general counsel. Mr. Tucker also was senior vice president and senior operating officer at Easthampton Savings Bank. He has held a number of positions on committees of the board of the Massachusetts Bankers Association, including state chairman from 2013 to 2014. Mr. Tucker is also a director of the Cooperative Banks Employees Retirement Association, and a member of the Economic Development Council of Western Massachusetts. He is currently a director of the Franklin County Chamber of Commerce and a Trustee of the Horace Smith Fund Scholarship Fund.
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