HMNF News & Analysis

Hometown Financial (HMNF) to Acquire Primary Bank for $160M

Hometown Financial Group (HMNF) has agreed to acquire Primary Bank in a deal valued at approximately $160 million. This acquisition will add about $743 million in assets and four New Hampshire branches, expanding its operations to 59 retail locations across Massachusetts, southern New Hampshire, and northeast Connecticut. As part of the transaction, Primary Bank shareholders will receive either $33.00 in cash or $31.00 in stock. The merger and conversion are expected to close in the first quarter of 2027, pending regulatory and shareholder approvals, which is significant for investors monitoring bank consolidation and asset growth in the region.