Partnership Announcement About UsContact UsCareersLeadershipCustomer TestimonialsNews October 31, 2025: I am pleased to share some very exciting news! Bluestone Bank has agreed to enter into a strategic partnership with Cape Cod 5 and Fidelity Bank. As you know, Bluestone is a strong bank that has served our communities for over 150 years. Our future partners also are secure and long-standing community banks. Together, we share similar cultures and a proud commitment to mutuality. Pending regulatory approval, Bluestone Bank will operate under a combined mutual holding company, Mutual Bancorp. All three banks will continue to operate separately and deliver products and services with a hyper-local focus. This means that Bluestone Bank will continue to fulfill its mission of serving our customers, supporting our communities, and maintaining a great workplace culture for our talented team of employees. I recognize that you may have questions about this change, and the Bluestone team is here to answer them. In the meantime, here are some important things to know: Customer relationships with Bluestone Bank will not change!Your banking relationship with us and the team who provides service and support to you will remain the same. We will continue to work hard each day to serve as your trusted financial partner and assist you in achieving your financial goals. You can continue to reach out to us with any questions or financial needs you may have. Bluestone will remain as committed as ever to our local communities!We are proud to be headquartered in southeastern Massachusetts. This partnership further strengthens our ability to continue helping individuals, families, and businesses in our market while collaborating with our partner banks to support the health and vitality of the communities we each serve. I want to emphasize that this is not a bank-level merger. Bluestone is not being bought or sold. We are joining a mutual holding company with two other banks committed to mutuality and service to the community. Cape Cod 5 serves the Cape and the Islands; Fidelity Bank serves Central Massachusetts. Leadership at Bluestone Bank will remain the same!I will continue to serve as President and CEO. I will also serve as Vice Chair at the holding company level, where I will participate in its decision-making. There are mutual benefits to this partnership!This partnership benefits both Bluestone and Mutual Bancorp. It enhances the existing strengths of each organization. Collaboration, shared services, and pooled resources between the three banks will better meet the needs of our customers and employees. The affiliation also will strengthen our geographic reach enabling us to serve more individuals, families, and businesses. We chose this partnership because these two partner banks share a similar history and are committed to mutual community banking!Cape Cod 5 and Fidelity Bank share our long history of personalized community banking, as well as Bluestone’s commitment to mutuality. Our values and cultures closely align, and we share a commitment to work together to strengthen community banking and to continue our missions. Our complementary offerings and strengths provide an opportunity to leverage our respective areas of expertise, which ultimately enhances our ability to effectively serve our customers, our communities, and our employees. Please feel free to contact me or any member of the Bluestone team with questions. Sincerely, Meg D. McIsaac President & CEO Customer FAQs What is changing at Bluestone Bank? + Bluestone is entering into a partnership agreement with Cape Cod 5 (Hyannis, MA) and Fidelity Bank (Leominster, MA), pending regulatory approval, which will bring all three banks under one mutual holding company (Mutual Bancorp). Are the banks merging? Or, is Bluestone being acquired by Cape Cod 5 and Fidelity Bank? + No. This is a mutual partnership at the parent company level. All three banks will continue to operate under their respective names, with the same team members serving their local communities under one multi-bank holding company. What is a Mutual Holding Company and how does this structure affect the Bank? + A Mutual Holding Company (MHC) is a parent company, which wholly owns the subsidiary banks. In a highly regulated industry such as banking, a holding company structure allows for more growth opportunities, including by adding other banks or developing another line of business. It is similar to parent companies in other industries. Why is Bluestone doing this? What is the benefit of this to Bluestone? + Partnering with these two institutions under one holding company provides many mutual benefits, including the ability to share resources, and to help expand the services that each bank offers its customers, while still allowing each bank to operate under its own name. Will there be any changes for customers or communities? + No, there will be no change for customers or communities in how they are served by each bank. From a customer perspective, their banking relationship will continue in the same manner in which it currently exists and each branch will remain open. Customers may gain access to additional products and services in the future. Will customer account numbers change? Will this change how customers access online banking? + No. Account numbers and online/mobile banking will stay the same at this time. Customers will not see any changes to services or to their accounts. Will deposits remain at Bluestone Bank? Do customers need to do anything? + Yes, customer deposits and loans will remain at Bluestone. Customers do not need to do anything differently as a result of this change. Will Bluestone Bank deposits still be insured by the Depositors Insurance Fund (DIF)? + Yes, 100% of customer deposits will continue to be insured by our unique combined insurance coverage through the DIF and FDIC. Will customers be able to use Bluestone Bank, Cape Cod 5, and Fidelity Bank branches and ATMs interchangeably? + Not at this time. Will there be staffing changes? + There will be no employee layoffs at Bluestone, Fidelity Bank or Cape Cod 5 as a result of this transaction. Will there be a new CEO? + No, Meg McIsaac will continue to be the President and CEO of Bluestone. Is this the same as the legacy Mansfield Bank and Bridgewater Savings Bank merger? + No. This is not a merger. This is a partnership, bringing the three banks together under one holding company. What is the timeline? + Following regulatory review and approval of the holding company merger agreement, the official closing date for the agreement is expected to occur in early Q3 2026. Who should I contact if I have a question, comment, or concern? + You may speak with anyone in our branches or contact our Customer Care Center at 508.884.3300 and 800.356.8622.
