M&A Advisory
K&L Gates
Full Credential Description
River Run Bancorp, MHC faced the challenge of sustaining the mutual community banking model in a rapidly evolving financial landscape. To address this issue, K&L Gates LLP provided tailored legal guidance in facilitating the merger of Rollstone Bancorp, MHC, the parent company of Rollstone Bank & Trust, into River Run. This strategic merger aimed to enhance operational efficiencies by allowing River Run's community bank subsidiaries to consolidate back-office operations, expand their product offerings, and achieve greater scale, all while maintaining a strong focus on customer and community engagement. The merger, which has received unanimous approval from the boards of both River Run and Rollstone Bancorp, is expected to close in the first half of 2025, pending regulatory approvals. This transaction is significant as it adds another independent community bank franchise to River Run’s multi-bank mutual holding company structure, thereby reinforcing the community banking sector in Massachusetts. The successful execution of this merger is anticipated to bolster River Run's position in the market and support its mission of evolving community banking alongside its existing subsidiaries, Newburyport Bank and Pentucket Bank.