January 3, 2024
Newburyport 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. Newburyport Bank is a great addition to our membership.”
Lloyd L. Hamm, Jr., Newburyport Bank’s President and CEO stated, “The mission of Newburyport Bank is to be a strong, independent, community partner that helps neighbors and businesses navigate life’s journey well. We will strengthen our mission through our affiliation with BDC Capital.”
Newburyport Bank joins the list of other BDC 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, An SVB 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
- First Ipswich Bank
- HarborOne Bank
- John Hancock Financial Services
- Liberty Bank
- Middlesex Savings Bank
- MountainOne
- Needham Bank
- Newburyport Bank
- North Shore Bank
- Northmark Bank
- People’s United Bank
- Radius Bank dba LendingClub
- Rockland Trust Company
- Santander
- 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 NEWBURYPORT BANK:
Newburyport Bank is a state-chartered mutual savings bank headquartered in Newburyport, MA. The Bank was founded in 1854 and currently has 11 locations in both Massachusetts and New Hampshire, and over $1 billion in assets. Deposits at Newburyport Bank are federally insured by the Federal Deposit Insurance Corporation (FDIC), with excess insurance provided by the Depositors Insurance Fund (DIF). As the premier full-service community bank in the Greater Seacoast Region, the Bank offers a complete range of personal and business products and services, as well as the most advanced technologies in online and mobile banking.
For further information call 844-639-3483, or visit the Bank’s website at www.newburyportbank.com.
For more information, visit our web site, call us at 781-928-1100, or contact:
Paul Flynn, Jr.
Email: pflynn@bdcnewengland.com
Work: 781-928-1133
Carol C. Brennan
Email: cbrennan@bdcnewengland.com
Cell: 413-237-6648
