Janney Advised Freedom National Bank In Acquisition By Bristol County Savings Bank

January 16, 2020 — Bristol County Savings Bank and Freedom National Bank have announced a definitive merger agreement.

Janney Advised Freedom National Bank In Acquisition By Bristol County Savings BankBased in Massachusetts, Bristol County Savings Bank will acquire Freedom National Bank based in Rhode Island. The transaction is expected to close in the second quarter of 2020.

Freedom National Bank had total assets of approximately $123 million as of September 30, 2019. It operates two branch offices located in Greenville and Cumberland, Rhode Island.

Anthony A. Botelho, President of Freedom National Bank, said, “Bristol County Savings Bank is the ideal partner for Freedom National. Their local geography, stellar reputation and commitment to customer service will benefit both the customers and employees of Freedom National Bank and their northern Rhode Island communities as well.”

The team from Janney’s Financial Institutions Group included Dan Flaherty, Managing Director, and Mark Perry, Associate.

More information is available here.

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