On October 31, 2018, MB Mutual Holding Company (“MB MHC”), the holding company for MB Bancorp, Inc. (“MB Bancorp”) and Manasquan Bank, announced that it had completed its previously announced merger of Metuchen, MHC, the holding company for Metuchen Bancorp, Inc. and Metuchen Savings Bank, with and into MB MHC.
The Banks will operate independently and maintain their individual identity for a period of up to two years. Ultimately, Metuchen Savings Bank will then be merged into Manasquan Bank. During this period neither customer base will have the ability to conduct their current banking transactions at the other institutions.
We share Main Street roots.
Metuchen Savings Bank and Manasquan Bank are “like-minded” community banking institutions who share the same values of excellence in service, staffing and community involvement. Combined, the two organizations will be able to leverage their combined expertise, capital, technology and Human Resources to better serve the banking requirements of the respective markets.
We know what it means to be on Main Street and we are committed to respecting the legacy of Metuchen Savings Bank as we embrace our future together.