George Hiotis

The Community Bank Annnounces Acquistion

by George Hiotis on April 20, 2015 at 11:47 am

The Community Bank has announced the acquisition of two Community Savings offices in Cambridge. Community Bank has entered into a purchase agreement for the two Cambridge Offices of Community Savings of Caldwell. The existing Community Savings Offices located on Southgate Parkway and Wheeling Avenue will become fully operational offices with regular banking under the Community Bank brand, subject to regulatory approval. The Community Bank, through the acquisition, will assume all deposit accounts of the two Cambridge offices including checking, money market savings and certificates of deposit. All loans will remain with Community Savings. President and CEO Michael Steen says he welcomes the customers and employees to the Community Bank Family.