Peoples Federal Savings Bank News

 

Peoples Federal MHC and Peoples Federal Savings Bank Announce Plan of Conversion and Reorganization

Tuesday, February 23rd, 2010

BRIGHTON, MASSACHUSETTS, February 23, 2010 – The Board of Directors of Peoples Federal MHC, Brighton, Massachusetts, the mutual holding company for Peoples Federal Savings Bank, today announced the adoption of a Plan of Conversion and Reorganization whereby Peoples Federal MHC will convert from mutual to stock form. A new corporation will be formed as the […]

Peoples Federal Savings Bank reports 69% increase in earnings

Wednesday, March 11th, 2009

BRIGHTON, MASSACHUSETTS, May 11, 2009 … Brighton-based Peoples Federal Savings Bank has reported earnings of $1,999,000 for the six-month period ended March 31, 2009. This represents an increase of $819,000 (69.4%) when compared with earnings of $1,180,000 for the same period last year. Total assets at March 31, 2009 were $447,775,000 and the Bank’s return […]

Peoples Federal Savings Bank earns top rating from BauerFinancial

Tuesday, July 29th, 2008

BRIGHTON, MASSACHUSETTS, July 29, 2008 … For the 48th consecutive quarter, Brighton-based Peoples Federal Savings Bank has earned a 5-Star Superior rating for financial strength from BauerFinancial, Inc., a national, independent bank research firm. BauerFinancial conducts a financial analysis of U.S. banks according to comprehensive formulas used to evaluate the institution’s financial performance. The banks […]