Hingham Institution for Savings recognized a one-time gain

Business Wire

HINGHAM, Mass.--(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.

Contact:
Hingham Institution for Savings
Robert H. Gaughen, Jr., 781-749-2200
President
or
William M. Donovan, Jr., 781-749-2200
Vice President-Administration

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