Bank of Canton Recognized As Top-Producing Lender for Third Consecutive Year
MassHousing honors Bank of Canton.
Stephen P. Costello, President and CEO of Bank of Canton, is pleased to announce the Massachusetts Housing Finance Agency (MassHousing) has honored Bank of Canton as Top Producer of first mortgage loans in the state of Massachusetts for the third consecutive year. Bank of Canton is pleased to announce a Special Achievement Award for being the Top Minority Lender for the fifth consecutive year. In 2010, Bank of Canton originated 176 MassHousing loans worth $40.6 million overall including 26 mortgages to minorities worth $5.9 million.
“Bank of Canton is honored to be recognized once again with these esteemed awards and take great pride in our association with MassHousing,” said Mr. Costello. “Congratulations to George DeMello, Senior Vice President of Residential Lending, and his team of dedicated mortgage bankers for their outstanding performance and unwavering commitment to making affordable and sustainable home mortgages available to residents throughout Massachusetts. MassHousing’s innovative products, pricing and support help us meet our customers’ home financing demands and excel as an industry leader in lending.”
“Bank of Canton is a perennial leader in providing quality, fixed-rate MassHousing Mortgages to low- and moderate income borrowers as evidenced by their being our top producer for the third consecutive year,’’ said MassHousing Executive Director Thomas R. Gleason. “They also continue to excel in minority lending and we are pleased to honor Bank of Canton for the fifth straight year as MassHousing’s top lender to minorities.’’
In 2010, Bank of Canton’s Residential Lending division enjoyed a record breaking year with $805 million in loan closings. Out of hundreds of mortgage lenders in Massachusetts, Bank of Canton was a “top 5” provider of conventional mortgages loans for single-family and condo home purchases and a “top 10” provider of mortgage loans for home purchases of all types. For more information on MassHousing mortgage programs or other mortgage products and programs, please visit Bank of Canton’s website at www.ibankcanton.com or call 888.828.1690.
Bank of Canton has branches in Brookline, Canton, Quincy, and Randolph, and Mortgage Centers in Auburn, Marshfield and Waltham, and lends throughout Massachusetts. Established in 1835, Bank of Canton is a Massachusetts-chartered mutual savings bank that offers its consumer, business and government banking customers access to a full array of deposit, loan, investment and convenience service options. All deposits at Bank of Canton are insured in full with at least $250,000 insured by the Federal Deposit Insurance Corporation (FDIC) and all deposits above that amount insured by the Depositors Insurance Fund (DIF). The Bank has no stockholders and profits are paid back to the consumer in the form of better interest rates, personal service and a vast array of financial products and services. For more information, visit: www.ibankcanton.com. Member FDIC. Member DIF. Equal Housing Lender.