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.
