East Boston Savings Bank branches in Brighton, Brookline and Cambridge to stay open but with a new owner

Similar to Metro, HarborOne (Nasdaq: HONE) is taking over the leases at the four locations, not acquiring the customer deposits held at the branches, which Rockland Trust (Nasdaq: INDB) will keep. HarborOne will make job offers to East Boston Savings staff at the locations, according to the two banks.

One possible difference between this and other takeovers: Many of the branches to be shut (mostly East Boston branches but a couple of Rockland Trust branches, like the one on Centre Street in JP) are within a short walk of branches the expanded Rockland Trust already has, so it shouldn't really be a major inconvenience for most customers (the JP branch is a bit of a walk to the East Boston branch that will stay open instead, though). We used to be customers at the Peoples Federal branch in West Roxbury; when Rockland Trust bought that bank, they eventually shut the branch and moved the accounts and employees to the existing West Roxbury Rockland Trust branch, basically right across the street.