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Cambridge Financial Group, Inc., the mutual holding company for Cambridge Savings Bank, a state chartered savings bank, and Melrose Bancorp, Inc. (OTC: MELR) have jointly announced today that they have entered into a definitive merger agreement in which Cambridge Financial Group, Inc. will acquire Melrose Bancorp, Inc.
Cambridge Savings Bank (CSB), one of the oldest and largest community banks in Massachusetts, announced today that it has hired the veteran Asset-Based Lending (ABL) team of Keith Broyles and Yvonne Kizner to lead CSB’s newly created ABL business line.