A Massachusetts company has announced it will buy the parent company of a former Rhode Island credit union.
In an announcement Wednesday, Coastway Community Bank says it has been sold to HarborOne Bankcorp Inc., of Brockton, Massachusetts, for $125.6 million cash.
The companies say the deal is expected to close later this year. It needs the approval of Coastway stockholders, who would receive $28.25 for each share they own.
