East Weymouth and Weymouth, MA; August 14, 2018 — Equitable Bancorp, MHC (“Equitable MHC”), the mutual bank holding company for Equitable Bank (“Equitable”), a $332.9 million asset community bank headquartered in East Weymouth, and South Shore Mutual Holding Company (“South Shore MHC”), the mutual bank holding company for Coastal Heritage Bank (“Coastal”), a $517.1 million-asset community bank headquartered in Weymouth, announced today they have executed a definitive merger agreement to merge their institutions.

The definitive merger agreement was unanimously approved by the directors of each institution. Under the terms of the agreement, Equitable MHC and South Shore MHC will merge under the “Equitable Bancorp, MHC” name and immediately thereafter Equitable and Coastal will merge under the “Coastal Heritage Bank” name. The merged bank will be headquartered in Weymouth. Equitable Bancorp, Inc. (“Equitable Bancorp”), the current mid-tier bank holding company of Equitable, will remain the mid-tier bank holding company of the merged bank.

Robert W. Terravecchia, Jr., Equitable’s President and Chief Executive Officer (L) with Donald P. Gill, Coastal’s President and Chief Executive Officer (R)

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Listen below to 95.9 WATD FM’s coverage of this merger:

“Equitable Bank and Coastal Heritage Bank proudly share a rich history of being two of the oldest surviving co- operative banks in Massachusetts,” said Donald P. Gill, Coastal’s President and Chief Executive Officer, and Robert W. Terravecchia, Jr., Equitable’s President and Chief Executive Officer, in a joint statement. “Both banks share a common culture and strong commitment to the communities we serve.”

The post-merger executive leadership and management team of Equitable MHC, Equitable Bancorp and Coastal Heritage Bank will be drawn from both Equitable Bank and Coastal Heritage Bank. Joseph C. Hayes, Coastal’s Chairman of the Board, will serve as Chairman of the Board of Equitable MHC, Equitable Bancorp and Coastal Heritage Bank. Mr. Gill will serve as President and Chief Executive Officer of each entity. Mr. Terravecchia will serve as Vice Chairman of the Board and Executive Vice President of each entity and become President and Chief Executive Officer of each entity upon Mr. Gill’s retirement on or about April 30, 2020.

The transaction is expected to close in the first quarter of 2019, subject to satisfaction of customary closing conditions, including the receipt of regulatory approvals and approval by the respective corporators of Equitable MHC and South Shore MHC.

Luse Gorman, PC served as legal counsel to Equitable, and Nutter McClennen & Fish LLP served as legal counsel to Coastal.

In the first half of 2018 Coastal Heritage Bank has donated over $35,000 to fifty-nine different schools, non-profits, community groups and community events.

Your Bank, Your Community – Growing Together!

• Boys & Girls Club, Marshfield
• Boy Scouts – Mayflower Council
• Cardinal Cushing Centers
• Community Friends for Human Services
• Coop’s Troop Foundation
• East Bridgewater Business Assoc.
• East Bridgewater Lions Club
• East Bridgewater Little League
• Glastonbury Abbey
• Gov. Winslow Mid. School Playground
• Hanover High Credit For Life
• Hingham Civic Music Theatre
• Hingham Nursery School
• Hingham Rec. 4th of July Road Race
• Kennedy-Donovan Center
• Kiwanis Club of East Bridgewater
• Manet Community Health Center
• Marshfield Boys & Girls Club
• Marshfield Youth Baseball
• Martinson Elementary Jog-A-Thon
• Norwell HS Robotics Team
• Norwell Little League
• Norwell Recreation Summer Program
• NSRWA
• Quincy Asian Resources
• Quincy HS CFL Fair
• Quincy HS Senior Night
• Quincy Public Schools – CFL Fair
• Quincy Youth Baseball/Softball
• Rotary Club of Weymouth
• Rotary Club of the Bridgewaters
• Run4Scituate Road Race
• Sacred Heart High School
• Sacred Heart School 5K
• School on Wheels MA
• SANDS, Scituate
• Scituate Arts Association
• Scituate Heritage Days
• Scituate High Graduation Party
• Scituate High School Yearbook
• Scituate Little League
• Scituate St. Patrick’s Day Parade
• South Shore Chamber Winterfest
• South Shore Christian Academy
• South Shore Elder Services
• South Shore Hospital
• Southern New England Credit Grantors
• The Inly School
• The Molly Fund
• Weymouth 4th of July Fireworks
• Weymouth Education Quiz Night
• Weymouth Food Pantry
• Weymouth Historical Society
• Weymouth HS Boys Soccer
• Weymouth Middle School Parent Council
• Weymouth Post Prom Party

In the first quarter of 2018 Coastal Heritage Bank has donated nearly $25,000 to thirty-six different schools, non-profits, community groups and community events.

Your Bank, Your Community – Growing Together!

• Boy Scouts – Mayflower Council
• Cardinal Cushing Centers
• Coop’s Troop Foundation
• East Bridgewater Business Assoc.
• East Bridgewater Lions Club
• East Bridgewater Little League
• Governor Winslow Middle School Playground
• Hanover High Credit For Life
• Kennedy-Donovan Center
• Kiwanis Club of East Bridgewater
• Marshfield Boys & Girls Club
• Marshfield Youth Baseball
• Norwell HS Robotics Team
• Norwell Little League
• NSRWA
• Quincy Asian Resources
• Quincy HS Senior Night
• Quincy Public Schools – Credit for Life Fair
• Quincy Youth Baseball/Softball
• Rotary Club of the Bridgewaters
• Run4Scituate Road Race
• Sacred Heart High School
• Sacred Heart School 5K
• School on Wheels MA
• Scituate High School Yearbook
• Scituate Little League
• Scituate St. Patrick’s Day Parade
• South Shore Chamber Winterfest
• South Shore Christian Academy
• Weymouth Education Foundation Quiz Night
• Weymouth Historical Society
• Weymouth Middle School Parent Council

In the past year Coastal Heritage Bank has donated over $50,000 to eighty different schools, non-profits, community groups and community events.

Your Bank, Your Community – Growing Together!

• Archbishop Williams High School
• Boys & Girls Club of Marshfield
• Cardinal Cushing School
• Church Hill Snowflake Festival
• Coop’s Troop 5K Road Race
• CORSE Foundation
• East Bridgewater Business Assoc.
• East Bridgewater Police & Fire
• Friends of the Norwell Public Library
• Gov. Winslow School Playground
• Great Pumpkin Give-a-Wey
• Hanover Cultural Council
• Hanover Foundation for Educational Enrichment
• Hanover High Credit for Life Fair
• Hanover High Safe Grad Night
• Hanover HS Ice Hockey
• Hanover Police Relief Assoc.
• Hanson Holiday Celebration
• Hingham 4th of July Road Race
• Hingham Civic Music Theatre
• Hingham HS Track & Field
• Hingham Public Library
• Inly School
• Interfaith Social Services
• James Library & Center for the Arts
• Kennedy-Donovan Center
• Kiwanis Club of E. Bridgewater
• Korea War Veteran Association
• Makayla Fund
• Marshfield Citizens Coastal Coalition
• Marshfield Fair
• Marshfield High Girls Lacrosse
• Marshfield High DECA
• Marshfield HS Backstage Boosters
• Marshfield HS Ice Hockey
• Martinson Elem. Playground Fund
• Martinson Elementary School
• Me Tanner B Road race
• Norwell Fire Fighters
• Norwell HS PTO Quiz Night
• Norwell HS Yearbook
• Norwell Police 5K
• Norwell VNA & Hospice
• NSRWA
• Old Colony YMCA
• Pan-Mass Challenge
• Quincy August Moon Festival
• Quincy DARE Program
• Quincy Public School
• Credit for Life Fair
• Quincy Schools Partnership Pathways
• Road to Responsibility
• Rotary Club of the Bridgewaters
• Run4Scituate
• Sacred Heart School, Weymouth
• Sacred Heart High School
• Scituate Animal Shelter
• Scituate Arts Association
• Scituate Chamber – Heritage Days
• Scituate Education Foundation
• Scituate Harbor Business Association
• Scituate High All Night Long Party
• Scituate High School Yearbook
• Scituate Library Foundation
• Scituate Rotary Foundation
• Scituate Sailing PHRF
• SNECG
• South Shore Stars
• South Shore YMCA
• St. Francis Xavier School
• St. Mary of the Nativity
• The Molly Fund
• Weymouth – July 4th Celebration
• Weymouth Education Foundation
• Weymouth Elder Service
• Weymouth Food Pantry
• Weymouth High Boys Soccer
• Weymouth High Post Prom Party
• Weymouth Little League
• Weymouth Middle School
• Wildcat Basketball Academy

Please be advised that effective December 15th, 2017 all Coastal Heritage Bank ATM’s will become chip capable.

This added level of security will ensure that all of your ATM transactions will be protected using the very latest in chip card technology.

The new instructions to use the ATM’s are simple:

• Insert card into terminal, chip first, face up.
• Follow on-screen instructions.
• Do not remove card until prompted.
• A security tone will remind you to take your card with you when the transaction is completed.

That’s all there is to it! If you should have any questions please feel free to stop in any one of our branch offices or call us at 800-695-1300.

Thank you for choosing to bank with Coastal Heritage!

Coastal Heritage Bank is pleased to announce that William Bowers has joined the bank as Senior Vice President, Commercial Lending.  Mr. Bowers will be responsible for commercial lending in the bank’s Eastern Massachusetts market with a particular emphasis on commercial real estate lending.

Mr. Bowers joins the bank from Hingham Institution for Savings where he was Vice President, Commercial Lending for the past 16 years.

Coastal Heritage Bank President & Chief Executive Officer Donald P. Gill commented, “The Board and senior management team are pleased to welcome someone of Bill’s caliber and experience to the bank.  He is a great addition to our commercial lending team and will do an exceptional job in meeting the varied needs of our commercial lending customers.”

Mr. Bowers is President and Chair of the Board for the Boys & Girls Club of Marshfield, currently chairs the Town of Marshfield Charter Review Committee and, along with his wife Nancy, was named Marshfield Citizen of the Year in 2014.  He is a resident of Marshfield along with his wife and three sons.

WEYMOUTH, MA, May 11, 2017 – Coastal Heritage Bank is pleased to announce that Steve Mastalerz has joined the bank as Regional Lending Manager. Mr. Mastalerz will be responsible for residential lending in the bank’s Weymouth, Quincy and East Bridgewater markets. [Read more…] about Steve Mastalerz joins Coastal Heritage Bank as Regional Lending Manager