February 22, 2023
BDC Capital Welcomes StonehamBank as a Member Bank
StonehamBank, headquartered in Stoneham, Massachusetts, recently became a BDC Capital member bank and joins 39 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. StonehamBank is a great addition to our membership.”
“StonehamBank is dedicated to making positive changes in our community. As a mutual institution built on the fundamental principles of service, excellence, and trust, we continually strive to exceed expectations for the benefit of our business customers,” said Edward F. Doherty, Jr., CEO at StonehamBank. “This mission will be strengthened through our partnership with BDC Capital.”
StonehamBank joins the list of BDC member financial institutions:
- Bank of America
- Bank of New England
- BankNewport
- Bank Rhode Island
- Bar Harbor Bank & Trust
- Bay State Savings Bank
- Berkshire Bank
- Brookline Bank
- Brown Brothers Harriman & Co.
- Cambridge Savings Bank
- Cambridge Trust Company
- Cape Ann Savings Bank
- Citizens Bank of Massachusetts
- Coastal Heritage Bank
- Country Bank for Savings
- Dedham Savings
- Eastern Bank
- Enterprise Bank and Trust Company
- Everett Co-Operative Bank
- HarborOne Bank
- John Hancock Financial Services
- Liberty Bank
- Middlesex Savings Bank
- MountainOne
- M&T Bank
- NBT Bank
- Needham Bank
- Newburyport Bank
- North Shore Bank
- Northmark Bank
- Radius Bank dba LendingClub
- Rockland Trust Company
- Santander
- Silicon Valley Bank
- South Shore Bank
- StonehamBank
- TD Bank
- Webster 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. For almost 70 years, we have invested more than $2 billion in thousands of companies in New England.
Whether the need is $500,000 or $10 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 504 loans, and private equity options, all of which are customized to suit the needs of a business.
About StonehamBank:
StonehamBank is a full-service community bank offering state of the art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. In addition to providing progressive products and convenience services, StonehamBank believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member FDIC. Member DIF. Equal Housing Lender.
More information about StonehamBank is available online at www.stonehambank.com.
For more information, visit our website, call us at 781-928-1100, or contact:
Paul F. Flynn, Jr.
Email: pflynn@bdcnewengland.com
Work: 781-928-1133
Carol C. Brennan
Email: cbrennan@bdcnewengland.com
Cell: 413-237-6648
