Press Release
KBRA Affirms Ratings for Mutual Bancorp
Release date: October 20, 2024
Mutual Bancorp issued subordinated debt in 2020, which requires the financial holding company to have an independent credit rating review completed by Kroll Bond Rating Agency (“KBRA”) each year. We are pleased to share that KBRA affirmed the credit rating for Mutual Bancorp and its family of banks with a stable outlook, supported by the formalized partnership with Fidelity Bank of Leominster. This external validation speaks to the strategic and financial strength of the organization, along with the breadth and depth of the banks’ respective management teams. To read the press release from KBRA, visit KBRA Affirms Ratings for Mutual Bancorp.
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