Bank of Canton's Residential Lending Division Enjoys Banner Year in 2009 and Receives Outstanding Performance Award

2010-03-22 PR Photo - Mortgage Freddie Mac Award

Shown above (l-r): Bank of Canton Residential Lending Officer Sean Wilson, Edward Madden Jr. from U.S. Bank, Bank of Canton President and CEO Stephen Costello, Kathleen Herminghaus from Freddie Mac, and Bank of Canton Assistant Vice President/Residential Lending Judy Higgins.

March 22, 2010 – Stephen P. Costello, President and CEO of Bank of Canton, is pleased to announce that the Bank recently received the “Recognition for Outstanding Performance” award from U.S. Bank and Freddie Mac. The organizations recognized the Bank’s outstanding residential lending division which consistently delivered a high volume of quality loans that closed on-time.

In 2009, the Bank’s residential lending division enjoyed a banner year with $640 million in loan closings. Out of hundreds of mortgage lenders throughout Massachusetts, Bank of Canton was a “top 5” provider of conventional mortgages loans for single-family and condo home purchases and a “top 10” provider of mortgage loans for home purchases of all types. The Bank was also a “top 25” provider of mortgage loans of all types including refinancing.

“We’re extremely proud to be associated with U.S. Bank and Freddie Mac and to receive such prestigious recognition for our commitment to making affordable home mortgages available to Massachusetts residents,” said Mr. Costello. “Congratulations to George DeMello, Senior Vice President of Residential Lending, and his team for their outstanding production this past year. In 2010, we will continue our commitment to offering homebuyers throughout the state the award-winning customer service and outstanding residential financing products and programs they have to expect from the Bank.”

This latest award follows a string of honors for the Bank of Canton. The Massachusetts Housing finance Agency (MassHousing) recognized Bank of Canton as the most recent winner of its Top Producer, Top Minority Lender, and Top Lender to Lower Income Borrowers awards.

For more information regarding Bank of Canton’s mortgage programs or products, please call 888.828.1690.

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