Benjamin Franklin Savings Bank to Acquire Chart Bank Conversion from Mutual to Public Ownership to Occur Simultaneously. Business Wire | September 1, 2004 | COPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

FRANKLIN, Mass. -- Benjamin Franklin Savings Bank today announced it has reached an agreement to acquire Chart Bank in a purchase consisting of cash and stock.

Benjamin Franklin Savings Bank is a state chartered savings bank headquartered in Franklin, MA with 6 branches and $516.6 million in assets as of July 31, 2004. Chart Bank is a state chartered bank headquartered in Waltham, MA, with $253.4 million in assets, three retail branches, eleven remote ATMs, and 57 employees. The combined bank will have approximately $800 million in assets, with nine branch offices.

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