GloucesterTimes.com, Gloucester, MA

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August 14, 2012

BankGloucester buys $20M firm

Leader, staff to make up bank's new financial planning division

BankGloucester has created a financial planning division by buying North Shore Financial Group of Beverly, a firm with $20 million in assets under management.

Diane Rule-Enos, the sole proprietor of North Shore Financial Group, will head the new division and bring her staff to BG Financial Services.

Enos is a Gloucester native and resident who has been the sole proprietor of North Shore Financial Group.

Rule-Enos, who has 24 years’ experience, said she was excited about heading up financial services for BankGloucester.

“We are very excited to be adding a financial services division,” said BankGloucester President Patrick Thorpe. “Bringing on Diane, a Gloucester resident who has done a great job taking care of her clients for over 20 years, makes a lot of sense. We expect that her wealth of knowledge and experience will greatly benefit our customers and help build a successful financial services practice at the bank.”

BankGloucester, a $190 million state chartered bank, was established in 1887.

BankGloucester said Rule-Enos’ financial services division, BG Financial Services Group, will offer a wide array of services and investment options along with highly sophisticated quantitative analytic tools to help better understand and manage risk.

“North Shore Financial Group’s existing clients will continue their relationship with Diane and her staff and be able to take advantage of a combination of BankGloucester’s transactions and lending services with BG Financial Services Group,” BankGloucester said in its release about the acquisition

Richard Gaines may be contacted at 978-283-7000 x3464 or rgaines@gloucestertimes.com.

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