Hometown Financial Group to Acquire CFSB Bancorp and Colonial Federal Savings Bank

November 1, 2025

Hometown Financial Group, Inc. entered into a definitive merger agreement to acquire CFSB Bancorp, Inc., the holding company for Colonial Federal Savings Bank. The deal, valued at about $44 million, is expected to close in Q4 2025, and Colonial Federal branches will be integrated into North Shore Bank.

Buyers
Hometown Financial Group, Inc.
Targets
CFSB Bancorp, Inc., Colonial Federal Savings Bank
Location
Massachusetts, United States
Transaction Type
Buyout

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