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, K&L Gates LLP provided tailored legal guidance for the merger with Rollstone Bancorp, MHC, which is the parent company of Rollstone Bank & Trust. This strategic merger aimed to enhance River Run's operational efficiency by consolidating back-office functions and expanding the range of products and offered by its community bank subsidiaries. The merger, which has received unanimous approval from the boards of both River Run and Rollstone, is expected to close in the first half of 2025, pending regulatory approvals. This transaction is significant as it adds Rollstone Bank & Trust as the third bank subsidiary under River Run, thereby reinforcing the community banking framework in Massachusetts. The integration of Rollstone into River Run's structure is anticipated to bolster customer and community engagement while ensuring the preservation of independent community banking franchises.