Articles > Business magazines > Finance and Accounting magazines > American Banker articles > June 1996

Article: Mass. thrift to form a holding company.(Mayflower Cooperative Bank will form holding company)(Brief Article)

Article from:
American Banker
Article date:
June 25, 1996
Copyright

Mayflower Cooperative Bank has approved a plan to form a holding company.

The new company would allow $113 million-asset Mayflower to initiate a stock repurchase program, and would help with mergers and acquisitions, though officials stressed that none are pending.

Under the plan, which is still ...

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