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BOSTON – July 24, 2018 – Northern Bank, a Massachusetts-based community and business bank was named the #1 Community Bank in New England by S&P Global Market Intelligence list of community banks in the $1 billion to $10 billion asset category. This marks the eighth consecutive year that Northern Bank has been selected as #1 on this industry list of top performers.
"We are honored to be selected as the top community bank for the eighth straight year," said Jim Mawn, President and CEO of Northern Bank. "This past year was another record year for our bank and we are thrilled to continue to grow alongside our clients. Our privately-held, family-run, full-service bank is focused on helping local communities, customers, small businesses, and employees succeed. It is my personal mission that Northern Bank continues to remain the best community bank in New England."
Northern Bank’s creative and unique lending model and partnership with its customers and small businesses have set it apart from other companies in the industry and attributed to the bank’s ever growing success. From 2010 through 2017 Northern Bank has more than doubled in size with $2 billion in assets. According to S&P, this ranks Northern Bank highest among its community bank peers across the country, community banks are defined as institutions with up to $10 billion in assets. Eligible banks for the award had to be well-capitalized according to regulatory standards and could not have a majority of revenue derived from nontraditional banking activities.
Founded
in 1960, Northern Bank was established to support aspiring business
leaders and provide effective lending decisions quickly to customers. In
2009, Jim Mawn, started as President and CEO of Northern Bank in the
midst of the banking crisis. Unlike other institutions at this time,
Northern Bank was providing the help customers needed. This allowed the
bank to expand its client base to triple it’s original size. Since
2009, S&P Global Market Intelligence has ranked Northern Bank as
the best performing community bank in New England every year.
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Northern Bank announced today that it would begin accepting applicants for its annual $5,000 college scholarship award.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.11 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.