Hingham Institution for Savings recognized a one-time gain
March 11 2014 - 2:03PM
Business Wire
On 5 March 2014, Hingham Institution for Savings (“the Bank”)
recognized a one-time gain of approximately $5.7 million in
conjunction with a life insurance transaction, net of tax and
associated contractual liabilities. For additional details on the
transaction, please see the 8-K filed with the FDIC and The NASDAQ
Stock Market on 5 March 2014 and available on the Bank's website at
www.hinghamsavings.com.
Hingham Institution for Savings is a Massachusetts-chartered
savings bank located in Hingham, Massachusetts. Incorporated in
1834, it is the oldest financial institution headquartered in
Hingham and one of the oldest in the Commonwealth. The Bank’s main
offices are located in Hingham, MA. The Bank also maintains branch
offices in South Hingham and the neighboring towns of Cohasset,
Hull, Scituate, Norwell, and Weymouth. The Bank also maintains
branches in the South End of Boston, Beacon Hill and the island of
Nantucket.
The Bank’s shares of common stock are listed and traded on The
NASDAQ Stock Market under the symbol HIFS.
Hingham Institution for SavingsRobert H. Gaughen, Jr.,
781-749-2200PresidentorWilliam M. Donovan, Jr., 781-749-2200Vice
President-Administration
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