![Peter Rice is the CEO of Hanscom Federal Credit Union, headquartered in Littleton.](https://media.nbcboston.com/2024/12/peter-rice-option-2900xx2798-1865-257-0.jpg?quality=85&strip=all&resize=320%2C180)
A Massachusetts credit union is making an acquisition, but the acquiree isn’t another financial cooperative. It’s a bank.
Hanscom Federal Credit Union, which has assets of $1.9 billion and is headquartered in Littleton, has signed a deal to purchase a Chestertown, Md.-based mutual bank.
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