EagleTribune.com, North Andover, MA

Business

April 20, 2014

Business briefs

WAKEFIELD — The Retail Lending Department at The Savings Bank has been recognized by Banker & Tradesman as the No. 1 Mortgage Lender for 2013 in Wakefield. The well-respected banking publication indicated this recognition was based on the number of loans closed on one to four family owner occupied homes, as well as home equity and commercial real estate loans. TSB was also the No. 1 lender in Wakefield for 2012. According to Banker & Tradesman data, The Savings Bank ranked at the top of more than 200 lenders who serviced the Wakefield area in 2013. The Savings Bank closed 122 loans during the year in Wakefield, totaling more than $31.3 million. Of the 122 loans, 28 represented purchase mortgage loans totaling more than $8.1 million, and 94 non-purchase mortgage loans totaling $23.1 million. The Bank’s successful First Time Home Homebuyer Program closed 46 loans for $14.5 million in 2013, 10 of which were in Wakefield, according to Kathleen M. Beaulieu, Senior Vice President – Retail Lending Officer. Wakefield loans closed through this program totaled $3,107,200. For information about the mortgage lending program offered by The Savings Bank, call 781-246-0400 or visit tsbawake24.com.

Send us your business news.

We want to publish news about your business — new contracts, new hires, promotions and events that are open to the public — on the pages of BizNorth. Just send a brief notice with the basics. Please be clear about the person’s connection to the region. Include the name and phone number of someone we can call if we have questions. Send your news by mail to BizNorth, 100 Turnpike St., North Andover, MA 01845. By fax: 978-687-6045 or by e-mail to bcurry@eagletribune.com.

1
Text Only | Photo Reprints
Business

Financial News
Stocks
Photos of the Week