Unfortunately, some people may take advantage of COVID-19 by using fraudulent websites, phone calls, emails, and text messages. While claiming to offer “help,” they may be trying to trick people into providing social security numbers, bank account numbers, and other valuable personal information. Do not divulge your bank or credit card numbers or any other personal information over the phone unless you initiated the conversation with the other party and you know that it is a reputable organization.

In addition, you should be cautious about online solicitations. Be on guard against imposters who contact you claiming to be government employees or volunteers and who ask for personal financial information or money. Learn more about how to protect yourself from these scams in the March 2020 edition of Consumer News.

Reject offers to cash a check for someone in exchange for a fee, even if the bank makes the funds available to you right away, as it may later turn out that the check was fraudulent. Read more about fake checks in the August 2019 edition of Consumer News. The Federal Trade Commission (FTC) has additional information at Avoid Coronavirus Scams.

https://www.consumer.ftc.gov/blog/2020/04/new-funding-coronavirus-sba-loans-attracts-scammers

Coastal Heritage Bank, 195 Washington Street Weymouth, Massachusetts has petitioned the Massachusetts Division of Banks for permission to close a branch office at Proprietors Green, 10 Village Way, Marshfield, MA 02050. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Mary Gallagher, 1000 Washington Street, 10th Floor, Boston, MA 02118, no later than two weeks from November 3, 2020.

The branch office located at The Village at Proprietor’s Green will be closed on January 15, 2021. Customers can obtain service at the Bank’s Marshfield Branch located at 560 Plain Street, Marshfield. Please contact us at 781-796-6084 for any additional assistance.

Coastal Heritage Bank officially announces that Robert Terravecchia, Jr. has assumed the role of President/CEO of Coastal Heritage Bank. Mr. Terravecchia has served as Vice Chairman and Chief Operating Officer of Coastal Heritage Bank since the merger of Equitable Bank and Coastal Heritage Bank in 2019. Prior to the merger, Mr. Terravecchia served as President/CEO of Equitable Bank since 2017. Mr. Terravecchia has also served as President/CEO of Weymouth Bank for nearly 20 years.

Mr. Terravecchia fills the role previously held by Donald P. Gill, who retired on June 1, 2020.

Joseph C. Hayes, Chairman of Coastal Heritage Bank, commented: “Coastal Heritage Bank is very pleased to have someone with Bob’s skills and experience to lead the Bank through this current extraordinary time. His exceptional leadership qualities and strategic vision of the future will continue to position Coastal Heritage Bank as a successful and integral part of the North and South Shore communities.”

Coastal Heritage Bank officially announces that President/CEO Donald P. Gill has retired from the Bank. Mr. Gill has served as President/CEO of Coastal Heritage Bank since 2015, shortly after the merger of S-Bank and Scituate Federal Savings Bank—a merger that formed Coastal Heritage Bank. Prior to the merger, Mr. Gill served as President/CEO of S-Bank since 2006.

In 2019, Coastal Heritage Bank completed a second merger with Equitable Bank of Weymouth. Mr. Gill will be succeeded by Robert W. Terravecchia, Jr., Vice Chairman & Chief Operating Officer of Coastal Heritage Bank and former President/CEO of Equitable Bank.

In a banking career that spanned nearly 45 years, Mr. Gill held prior leadership positions with First National Bank of Ipswich, National Bank of Greece and Salem Five Cents Savings.
Mr. Gill also served as Chairman of the Massachusetts Banking Association from 2019–2020.

Joseph C. Hayes, Chairman of Coastal Heritage Bank, commented: “Coastal Heritage Bank has been fortunate to have Don lead the Bank through this tremendous period of growth and strategic partnerships. His banking sense, innate leadership qualities and consistent advocacy for his staff and customers alike have made Coastal Heritage Bank a successful part of the North and South Shore communities.”

In 2019 Coastal Heritage Bank donated over $90,000 to one hundred sixty different schools, non-profits, community groups and events.

Your Bank, Your Community – Growing Together

• Abigail Adams Middle School
• Altrusa International
• American Legion Post #149
• American Legion Post #79
• ARC of the South Shore
• Archbishop Williams High School
• Blue Knights
• Boston Higashi School
• Boy Scouts of America
• Boys & Girls Club of Lynn
• Braintree Rotary Foundation
• Cardinal Cushing Center
• Choral Art Soc. of the South Shore
• Christmas on the Common
• Church Hill Snowflake Festival
• Comm. Friends for Human Services
• Company Theatre
• Coop’s Troop Foundation
• Cops for Kids with Cancer
• DOVE, Inc.
• Duke Saccardo Scholarship Fund
• E. Bridgewater Business Association
• E. Bridgewater Lions Club
• E. Bridgewater Little League
• E. Bridgewater Youth Lacrosse
• East Bridgewater Business Assoc.
• East Bridgewater HUGS
• EB Youth Football & Cheerleading
• EDIC Lynn Fishing Tournament
• Friendship Home Golf Tournament
• Germantown Neighborhood Center – SS YMCA
• Great Pumpkin Give-A-Wey
• Guns & Hoses Tournament
• Habitat for Humanity of Plymouth
• Hamilton Primary School
• Hanover Chamber Road Race
• Hanover Lions Club
• Hanover Police Relief Association
• Hingham CARES
• Hingham Civic Music Theatre
• Hingham High XC TF
• Hingham Nursery School
• Hingham Public Library
• Hingham Recreation Department
• HMC Gala & Auction
• ISS Feed the Hungry Gala
• James Library & Center for the Arts
• Jennifer Mullins Scholarship Fund
• JJ Jankford Memorial Trust
• Joshua Glynn Memorial Foundation
• Kennedy-Donovan Center
• Kingston Turkey Trot 5K
• KIPP MA 10K
• Kiwanis Club of E. Bridgewater
• Kiwanis Club of Kingston/Duxbury
• Korean War Veterans Association
• Lincoln Hancock Community School
• Literacy Leadership, Lynn
• Lynn Classical HS Football
• Lynn Firefighters
• Lynn Jets Hockey Boosters
• Lynn YMCA Stride along the Tide 5K
• Lynn Youth Soccer
• MA Bankers Foundation
• MA General – Elaine Connolly Fund
• Makayla Fund
• Manet Community Health Center
• Manomet
• Marisa’s Mission Foundation
• Marshfield Animal Shelter
• Marshfield Education Foundation
• Marshfield Grad Nite Live
• Marshfield HS DECA
• Marshfield HS Hockey
• Marshfield Youth Baseball
• Martinson Elementary School
• Masonic Lodge Veterans Night
• Massachusetts Audubon Society
• Me Tanner B Road Race
• Mike Piccarini Foundation
• My Brother’s Table
• N. Shore Shriners
• Nahant Garden Club
• Nahant Little League
• Nahant Music Festival
• Nahant Police Association
• Nahant Village Church
• Norwell Fire Fighters
• Norwell High PTO
• Norwell High Yearbook
• Norwell Recreation Movie Night
• Norwell Recreation Summer Camp
• Norwell Scholastic Arts Society
• Norwell Summer Fest
• Norwell VNA & Hospice
• NSRWA
• Old Colony YMCA
• One Life at a Time
• Pan MA Challenge
• Pingree Elementary Fun Run
• Quincy Band Boosters
• Quincy Chamber of Commerce
• Quincy HS CFL
• Quincy HS Football
• Quincy School Partnership Pathways
• Rotary Club of Lynn –
• Dictionary Project
• Rotary Club of Plymouth
• Rotary Club of Quincy
• Rotary Club of the Bridgewaters
• Rotary Club of Weymouth
• Run4Scituate
• Sacred Heart High School
• Sacred Heart School 5K
• Salvation Army
• Scituate Arts Association
• Scituate Chamber of Commerce
• Scituate Community Christmas
• Scituate CORSE
• Scituate FACTS
• Scituate Fire Fighters Road Race
• Scituate Heritage Days
• Scituate High Yearbook
• Scituate Little League
• Scituate PHRF
• Scituate Police Association
• Scituate Rotary Club
• Scituate St. Patrick’s Day Parade
• Snug Harbor Community Chorus
• Son’s of Italy Lodge #278
• South Shore Art Center
• South Shore Children’s Museum
• South Shore Habitat for Humanity
• South Shore Health System
• South Shore Hospital Foundation
• South Shore Peer Recovery
• South Shore Support Services
• South Shore YMCA
• St. Mary of the Nativity
• St. Pius V School, Lynn
• Sydney Craven Memorial
• The Molly Fund
• Thurston Memorial Fund
• Troop 49 Kingston BSA
• Trustees of Reservations
• Weymouth Christmas Fund
• Weymouth Credit for Life
• Weymouth Education Foundation
• Weymouth Elder Services
• Weymouth Food Pantry Fresh Bite 5K
• Weymouth High DECA
• Weymouth High Girls Soccer
• Weymouth High Theatre Company
• Weymouth HS Football
• Weymouth HS Post Prom Party
• Weymouth Junior Basketball
• Weymouth Little League
• Weymouth Rotary Club Gold Classic
• Weymouth Youth Football & Cheerleading
• Woodward School
• Wyoma Lions Club
• Wyoma Little League, Lynn

Coastal Heritage Bank, wholly-owned subsidiary of South Shore Mutual Holding Company, and Equitable Bank today announced the completion of their merger.

Effective April 1, 2019, pursuant to the terms of the Agreement and Plan of Merger dated as of January 1, 2019, Coastal Heritage Bank and Equitable Bank will merge, with Coastal Heritage Bank as the surviving bank. As a result of the merger, Coastal Heritage Bank will have combined assets of approximately $850 million and customers of both banks will have access to fifteen banking centers located in East Bridgewater, Green Harbor, Hanover, Hingham, Marshfield, Norwell, Quincy (2), Scituate, Weymouth, East Weymouth, South Weymouth, Nahant, Kingston, and Lynn, Massachusetts. The merger will not result in any job losses or branch closings.

“We are excited to begin our partnership,” said Donald P. Gill, President and Chief Executive Officer of the combined Coastal Heritage Bank. “We are confident that our combined scale, experience, and local leadership will allow us to provide greater benefits to customers and employees, while remaining a very strong regional community bank.”

“Our combined Board of Directors and executive management team are pleased to announce the completion of the merger and look forward to implementing our shared vision,” said Robert W. Terravecchia, Jr., Vice Chairman and Chief Operating Officer of the combined Coastal Heritage Bank.

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 (R) with Donald P. Gill, Coastal’s President and Chief Executive Officer (L)

---

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.

Merger Vision Statement

To combine the resources of Coastal Heritage Bank and Equitable Bank, to create a larger and more sustainable organization that, through the prudent stewardship of our Board of Directors and vision and hard work of our employees, will have the necessary resources to effectively serve our customers and community for future generations.