January 3, 2024
Needham Bank recently became a BDC Capital member bank and joins over 30 financial institutions located throughout New England as the primary funding source for BDC’s various financing programs.
Paul F. Flynn, Jr., BDC Capital’s President and CEO, stated that “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their customers to us to help extend their institution’s lending capacity. Needham Bank is a great addition to our membership.”
Joe Campanelli, Needham Bank’s President and CEO stated, “Helping local businesses build for their futures is a big way Needham Bank serves our communities. BDC provides us with more tools to strengthen our mission.”
Needham Bank joins the list of other member financial institutions:
- Bank of America
- Bank of New England
- Bank Rhode Island
- Bar Harbor Bank & Trust
- Bay State Savings Bank
- Berkshire Bank
- Boston Private Bank and Trust Company
- Brookline Bank
- Brown Brothers Harriman & Co.
- Cambridge Savings Bank
- Cambridge Trust Company
- Cape Ann Savings Bank
- Century Bank and Trust Company
- Citizens Bank of Massachusetts
- Country Bank for Savings
- Eastern Bank
- Enterprise Bank and Trust Company
- Everett Co-Operative Bank
- HarborOne Bank
- John Hancock Financial Services
- Liberty Bank
- Middlesex Savings Bank
- Needham Bank
- North Shore Bank
- Northmark Bank
- People’s United Bank
- Radius Bank
- Rockland Trust Company
- TD Bank
- Westfield Bank
- Washington Trust Company
ABOUT BDC CAPITAL:
The oldest business development corporation in the United States, BDC Capital has been recognized locally and nationally as a leader and innovator in business lending and capital investment. Many of New England’s leading financial institutions invest in BDC to help promising companies expand. Over the past 68 years, we have invested more than $1 billion in thousands of companies in New England.
Whether the need is $500,000 or $5 million, BDC Capital provides a wide range of financing solutions. We offer asset-based lines of credit, senior debt, junior secured debt, mezzanine investments, SBA 7A & 504 loans, and private equity options, all of which are customized to suit the needs of a business.
ABOUT NEEDHAM BANK:
Needham Bank offers an array of tech forward products and services that businesses and consumers need to manage their financial needs. We have the financial expertise typically found at much larger institutions, and the local knowledge and commitment you can only find at a community bank.
Known as the “Builder’s Bank,” Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892.
For more information please visit https://NeedhamBank.com. Needham Bank is a member of FDIC and DIF.
For more information, visit our web site, call us at 781-928-1100, or contact:
Paul Flynn, Jr.
Carol C. Brennan