The Boston Business Journal reports the parent company of Rockland Trust is buying Peoples Federal Savings Bank, headquartered in Brighton Center.
While the move will make Rockland the third largest bank in Allston/Brighton, it will be only the fifth largest bank in West Roxbury, the Journal reports.
For Peoples Federal, the move means it will no longer be constrained by its name - two years ago, it lost a lawsuit against Peoples United Bank over the potential name confusion.
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