Needham Bank Becomes Small Business Administration Preferred Lender
Needham Bank has officially been named a U.S. Small Business Administration (SBA) Preferred Lender—the highest lending status available within the agency.
Anthony LaRosa, CPA, joins Needham Bank as Senior Vice President, Director of Accounting
Needham Bank announced that Anthony LaRosa joined the accounting department as Senior Vice President, Director of Accounting. Mr. LaRosa will report directly to Executive Vice President, Chief Financial Officer & Treasurer Danielle Walsh and perform complex accounting duties, review and prepare financial documents and improve accounting and investment functions.
Needham Bank Completes Transfer of Cannabis Banking Business from Eastern Bank
Needham Bank (“Needham”) and Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today that Needham completed the transfer of the cannabis banking and money service businesses from Eastern after receiving the necessary regulatory approvals.
Thomas Bickford joins Needham Bank as Vice President Cash Management Sales Team Leader
Mr. Bickford is responsible for overseeing the cash management relationship managers, ensuring improvement in revenue growth and portfolio development of cash management products.
Lori Schofield joins Needham Bank as Vice President Residential Loan Officer
Needham Bank announced that Lori Schofield joined the Residential Lending team as vice president residential loan officer. Ms. Schofield will be responsible for originating first mortgage loans, promoting Needham Bank’s lending services to the real estate community, and helping to identify and serve the community’s financial needs through home loan counseling and real estate seminars.
Patrick Daaboul joins Needham Bank as Vice President, SBA Program Manager
Needham Bank announced that Patrick Daaboul joined the Small Business team as vice president, SBA program manager. Reporting to Michael Semizoglou, senior vice president- director small business, Mr. Daaboul will be responsible for the management of the Small Business Administration (SBA) loan program and will oversee employees who support the small business lending staff.
Eastern Bankshares, Inc. (“Eastern”) and Needham Bank Enter Into Asset Purchase Agreement For The Transfer of Eastern’s Cannabis Banking Business
Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, and Needham Bank (“Needham”) today jointly announced they have entered into an asset purchase agreement for the transfer to Needham of Eastern’s cannabis-related and money service business deposit relationships which were acquired during its merger with Century Bank and Trust Company.
Needham Bank Closes $25mm Loan to Wind Energy Project
Needham Bank, which for more than a century has served as New England’s “Builder’s Bank,” is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine.
MassHousing Story: Homeownership Success
Wilfred Edwards, VP CRA Residential Lending, helped Lisa Jones achieve her homeownership goal by guiding her through the MassHousing First-Time Homebuyer Program with Down Payment Assistance.
WBZ NewsRadio featured our President & CEO, Joe Campanelli on CEOs You Should Know
Click here to listen to the interview.
Needham Bank Introduces a Structured Finance Team Focused on Serving Emerging, High-Growth and Renewable Energy Companies in New England
Needham Bank, which for more than a century has served as New England’s “Builder’s Bank,” has established a new Structured Finance team focused on providing senior capital to emerging and high-growth companies.
Scott Tower joins Needham Bank as Vice President, C&I Underwriting Team Leader
Needham Bank announced that Scott Tower joined the Commercial and Industrial lending team as vice president, C&I underwriting team leader. Mr. Tower will be responsible for managing the C&I credit underwriting function, prioritizing the C&I loan pipeline, analyzing and monitoring the credit worthiness of customers, and developing and managing a team of credit analysts.