NB Bancorp, Inc.
NNASDAQ:NBBKCapital Structure
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in mil. unless spec.Company Description
- CEO
- Joseph P. Campanelli
- Full Time Employees
- 526
- Sector
- Finance
- Industry
- Regional banks
- Address
- 1063 Great Plain Avenue Needham MA United States 02492
- IPO Date
- Dec 28, 2023
- CIK
- 0001979330
- Website
- nbbancorp.com
- Similar Companies
- Business
- NB Bancorp, Inc. operates as the holding entity for Needham Bank, delivering a broad array of financial solutions and services across the Greater Boston metropolitan area, throughout Eastern Massachusetts, and into Southern New Hampshire. The institution provides diverse deposit options, encompassing certificates of deposit, individual retirement accounts, money market, savings, NOW, and both interest-bearing and non-interest-bearing checking accounts. Its lending portfolio extends to commercial real estate and multifamily properties, single-to-four-family residential mortgages, construction and land development financing, commercial and industrial loans, and various consumer credit products, including home equity lines and loans. Furthermore, the company engages in securities investments, which feature U.S. treasury and federal agency securities, government-sponsored residential mortgage-backed securities, municipal, and corporate bonds. With roots dating back to 1892, and headquartered in Needham, Massachusetts, Needham Bank is recognized for its extensive experience with builders, investors, and developers. The company recently expanded its regional presence through a merger with Provident Bancorp, Inc., enhancing its service capabilities and asset base to over $6 billion. It emphasizes a community-centric approach, combining sophisticated banking expertise with localized service and advanced digital offerings.
Company News
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