To Cornelius D. Mahoney, growth in the banking industry can take many forms - and some of the most effective means don't make headlines. "When we became public in 1999, our assets were $368 million. They were $797 million at the end of September," said Mahoney, chairman, president and CEO of Woronoco Savings Bank. "We more than doubled that figure, and we didn't need to acquire anybody to do it we had enough innate ability to grow internally."
That kind of growth, he said, stands in contrast to newsmaking events such as Bank of America's recent purchase of Fleet Bank, creating by far the largest banking presence in New England and sending ripples of anticipation through the …
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