South Shore Bank and Dedham Savings parent companies to merge. Fred Hanson, The Patriot Ledger . Thu, Mar 16, 2023, 8:45 AM 2 min read.

At a recent meeting of the managers of the Dedham Institution for Savings, the bank recognized Lois Lovely, vice president of marketing, for 50 years of continuous and outstanding service.

South Shore Bank and Dedham Savings are merging. The combination would create one of the 15 largest lenders headquartered in Massachusetts. Here are their plans going forward.

Dedham Institution for Savings (left) and South Shore Bank (right) announced a merger on Thursday. The two community banks are teaming up but will keep their respective names and branding for now.

Dedham Savings was incorporated in 1831 and is one of the oldest banks in the state still operating under its original charter. South Shore Bank can trace its corporate history back to 1833.