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Belmont Savings Bank Listed in Banker and Tradesman Fast 50

Posted on August 8th, 2014 at 4:32 PM

BELMONT - Belmont Savings Bank is proud to announce that it has been selected by Banker & Tradesman as a part of their Fast 50 fastest growing residential mortgage lenders. The bank has been ranked in both the Purchase-Money and Refinance categories. The Fast 50 rankings are based on the number of loans and dollar volume for the first six months of 2014 as compared to the same time frame in 2013.

This is the first year that Belmont Savings Bank has been included in the Fast 50, which has been published annually since 2011. The list draws its data from The Warren Group, publisher of Banker and Tradesman. Lenders selected for the Fast 50 include national as well as local and regional institutions.

“We are extremely honored to be recognized by Banker and Tradesman as a part of their Fast 50 list, and are excited that our community bank is making big strides in our mortgage lending services,” said Bob Mahoney, President and CEO of Belmont Savings Bank. “Through the dedication and personalized service of our employees, we hope to continue expanding to better serve the Belmont community.”

Earlier this year, Mahoney was honored by the Boston Business Journal as a “most-admired CEO,” an award voted on by BBJ readers in an online poll. The bank has also had recent success increasing its assets twofold over the past three years to $1.2 billion dollars and opening three new in-store branches in Shaw’s supermarkets.

About Belmont Savings Bank

Belmont Savings Bank is a $1.2 billion, full-service Massachusetts savings bank dedicated to quality, convenience, and personalized service. The Bank builds on a proud history of financial strength and a tradition of active involvement in the community. Belmont Savings Bank provides a full range of banking services for professional commercial real estate investors, developers and managers as well as individuals and local small business owners through two full-service offices in Belmont, one full-service office in Watertown, and three full-service Shaw’s supermarket branches in Waltham, Newton and Cambridge. Find out more information by visiting: https://www.belmontsavings.com or Like Belmont Savings on Facebook. Member FDIC. Member DIF.

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