Sections
Shortcuts
Business

Beverly Bank plans to join IPO list

This is a summary. To read the whole story subscribe to BostonGlobe.com

Beverly Bank is joining a growing list of small Massachusetts banks that are selling stock to the public this year in an effort to raise additional money.

The 125-year old bank is the fifth financial institution in recent weeks to announce that it planned to launch an initial public offering this year. The decision by the bank’s board of trustees was first reported by the Salem News.

The bank hasn’t yet filed an application with regulators, including the Securities and Exchange Commission and the state’s Division of Banks.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Sections
Shortcuts

Share