Hometown Financial Group Wins Top Workplaces USA Award

February 1, 2022

EASTHAMPTON, MASSACHUSETTS — Hometown Financial Group today was named to the list of 2022 top workplaces by Energage.

The Top Workplaces USA award is based solely on feedback from employees of participating workplaces, gathered through an anonymous, third-party survey administered by Energage, LLC, a leading provider of technology-based employee engagement tools. More than 42,000 organizations from across the country were invited to participate in the Top Workplaces USA survey. Results were calculated by comparing the survey’s research-based statements, including 15 culture drivers that are proven to predict high performance against industry benchmarks. Winners are recognized for their dedication to people-first culture excellence.

“We’re honored that our organization has been nationally recognized as an employer of choice, and humbled that this honor is the direct result of positive feedback from those who know us best:  our employees,” said Hometown Financial Group President and CEO Matthew S. Sosik. “I’m inspired every day by our talented employees, who are passionate about our mission of local, community banking and deeply committed to helping our customers unlock their potential to reach their financial goals, while fostering a work environment that’s inclusive, innovative, team-oriented, and fun.”

“During this very challenging time, Top Workplaces has proven to be a beacon of light for organizations, as well as a sign of resiliency and strong business performance," said Eric Rubino, Energage CEO. "When you give your employees a voice, you come together to navigate challenges and shape your path forward. Top Workplaces draw on real-time insights into what works best for their organization, so they can make informed decisions that have a positive impact on their people and their business.”

Governor Baker names Sosik to board of Massachusetts Housing Partnership

Easthampton, Massachusetts - Governor Charlie Baker has appointed Matthew S. Sosik to the board of directors of the Massachusetts Housing Partnership (MHP).

Since 2013, Sosik has been President and Chief Executive Officer of Hometown Financial Group (HFG), a $3.0 billion mutual multi-bank holding company based in Easthampton. Under Sosik’s direction, HFG has grown by nearly 300 percent, executing five merger and acquisitions.

Hometown Financial Group, Inc. Completes Merger of Abington Bank and Pilgrim Bank

Easthampton, Massachusetts and Abington, Massachusetts – Andrew J. Raczka, President and CEO of Abington Bank, announced today that the merger of Abington Bank and Pilgrim Bank was completed at the close of business on May 17th.  The combined bank, with approximately $600 million in assets, will operate as an independent, wholly-owned subsidiary of Hometown Financial Group, Inc. with six branches serving the communities of Abington, Holbrook, Avon, Cohasset and Marion.

bankHometown and Millbury Savings Bank to merge creating a $1 billion community bank with 15 offices

Oxford and Millbury, Massachusetts – Matthew S. Sosik, President and CEO of bankHometown, and Robert J. Morton, President and CEO of Millbury Savings Bank, announced today that the banks have signed an agreement to merge operations under the bankHometown name. The combined bank will have approximately $1 billion in assets and 15 branch offices located throughout central Massachusetts and northeastern Connecticut.

Abington Bank will merge with Pilgrim Bank to create a $600 million community bank with six offices serving eastern Massachusetts

Abington, Massachusetts - Andrew Raczka, CEO of Abington Bank, announced today that Abington Bank will merge with Pilgrim Bank, a member of the Hometown Financial Group, MHC. The transaction is expected to close in the second quarter of this year.  Raczka will lead the merged bank as its CEO.

“We are thrilled to join forces with Pilgrim Bank,” said Raczka. “Our combined resources and expanded branch network will enable us to better serve customers in Plymouth and Norfolk counties.  We will have the size and scale needed to be a meaningful player in this market and be able to offer the products and services our customers need with the local commitment they deserve.  This transaction will allow us to truly set ourselves apart from the competition.”

Hometown Financial Group to Acquire Pilgrim Bancshares

Easthampton, Massachusetts and Cohasset, Massachusetts - Hometown Financial Group, Inc. the holding company for bankESB (Easthampton, MA) and bankHometown (Oxford, MA), and Pilgrim Bancshares, Inc. (OTC: PLRM) have jointly announced today that they have entered into a definitive merger agreement in which Hometown Financial Group, Inc. will acquire Pilgrim Bancshares, Inc. Pilgrim Bancshares is the parent company of Pilgrim Bank, a $263 million Massachusetts-chartered cooperative bank with branches located in the Massachusetts communities of Cohasset and Marion. 

Easthampton Savings Bank to partner with Hometown Bank

Easthampton, MA and Oxford, MA - Easthampton Savings Bank, the wholly-owned subsidiary of ESB Bancorp, Inc., (ESB) and Hometown Bank, the wholly-owned subsidiary of Hometown Community Bancorp, Inc., jointly announced today that they will form a strategic partnership through the merger of their holding companies.  After this transaction is completed, the combined mutual holding company will have over $1.7 billion in assets and over $180 million in equity capital with a branch network of 23 offices located throughout central and western Massachusetts and northeast Connecticut.  This announcement follows ESB’s 2015 acquisition of the Citizens National Bank in Putnam, CT, and continues a well-constructed growth plan. The two banks will merge mutual holding companies, but will continue to run their banks independently and autonomously.