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Bank of Canton Renames Corporate Headquarters

“James D. Egan Corporate Center” honors former president and board member

sign unveiling james d egan corporate center

Current Board Chairman Donald R. Smith and President and CEO Stephen P. Costello unveil the new sign at 490 Turnpike Street, Canton.

CANTON, Mass. (July 12, 2016) – In honor of its recently retired board member and past president, James D. Egan, Bank of Canton today renamed its Canton headquarters building at 490 Turnpike Street the James D. Egan Corporate Center.

Mr. Egan was the bank’s 14th president since its founding in 1835, serving as president from 1987 to 2008 and as a board member through May 2016.

“In business, loyalty and integrity are the two of the most fundamental values required for long-term success,” said President and CEO Stephen P. Costello to those gathered at 490 Turnpike Street. “Today, we’d like to honor the man who exemplified those traits in his leadership of our organization for so many years. He grew our bank from a single office in Canton center to the bank we are today, with multiple locations serving multiple communities.”

Fellow board members and bank employees from across the Bank of Canton organization attended the unveiling ceremony Tuesday morning.

“I joined Bank of Canton in 1987 when there were far fewer employees,” said Mr. Egan, “and when we moved the bank’s headquarters into this building in 2003, I wondered if we’d need to sublet part of the space. But the bank continued to grow, and we needed it all.

“It’s a testament to the many terrific people who’ve worked here over the years,” Mr. Egan continued. “Because of their integrity – their hard work and dedication – we grew and achieved a lot of success. I appreciate their contributions, and I am very thankful for this honor today.”


About Bank of Canton

Established in 1835, Bank of Canton is a Massachusetts-chartered mutual savings bank that offers its consumer, business and government banking customers access to a full array of deposit, loan, investment and convenience service options. As a mutual savings bank, the Bank has no stockholders; instead, profits are paid back to customers in the form of better interest rates, personal service and a vast array of financial products and services. Lending throughout Massachusetts, the Bank has branches in Canton, Quincy and Randolph, and Mortgage Centers in Auburn and Marshfield. The majority of the Bank’s assets have been used to meet the home mortgage and commercial financing needs of the communities it serves. All deposits at Bank of Canton are insured in full with at least $250,000 insured by the Federal Deposit Insurance Corporation (FDIC); all deposits above that amount are insured by the Depositors Insurance Fund (DIF). For more information: visit: www.ibankcanton.com. Member FDIC. Member DIF. Equal Housing Lender.


Upcoming Events

  • Estate Planning Lunch & Learn in Canton

    March 12 @ 12:00 pm - 1:00 pm at Bank of Canton, Canton Center Branch

    The B.O.C. Life Solutions team will discuss how you and your family can:

    • Protect assets from nursing home costs
    • Transfer assets and pay minimal estate taxes
    • Appoint a health care proxy to assist with medical decisions
    • Avoid the uncertainty, costs, and delays of probate

    Event is free & all are welcome. Lunch will be provided to those who RSVP. Call 781-830-6152 or email Peter Fredericksen with questions.

    RSVP Today

    B.O.C. Life Solutions is a licensed subsidiary of Bank of Canton. Bank of Canton does not provide legal or tax advice; consult your legal/tax advisor. Estate planning products and services are not insured by the FDIC or DIF.

  • Savvy Social Security Planning

    March 14 @ 6:00 pm - 7:30 pm at Bank of Canton, Canton Center Branch

    Approaching retirement? Learn how to make the most of your Social Security options and benefits at this complimentary presentation. The B.O.C. Financial Services team will review different filing strategies, and provide expert tips for maintaining income in retirement. Topics include:

    • The pros & cons of filing at age 62
    • Projected earnings calculations
    • Spousal and survivor benefits

    Event is free & all are welcome. Light refreshments will be served. Call 781-830-6152 or email Peter Fredericksen with questions.

    RSVP Today

    Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. B.O.C. Financial Services is a trade name of Bank of Canton. Osaic Institutions and Bank of Canton are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

  • Virtual First-Time Homebuyer Workshop (3 Nights), March 11, 12 & 14

    March 11 @ 6:00 pm - March 14 @ 9:00 pm at Zoom Meeting

    Join Quincy Community Action Programs (QCAP) and Bank of Canton for a comprehensive home buying workshop, featuring real estate professionals, counselors and lenders offering expert guidance and advice. This three-evening workshop over Zoom qualifies as a MassHousing-approved homebuyer counseling course, and attendees of all three sessions will receive a Certificate of Completion.

    • Session 1: Monday, 3/11, 6:00pm-9:00pm
    • Session 2: Tuesday, 3/12, 6:00pm-9:00pm
    • Session 3: Thursday, 3/14, 6:00pm-9:00pm

    RSVP Today

    Bank of Canton is a proud sponsor of (and participant in) this QCAP educational series.