June 2, 2022
BDC Capital Welcomes Coastal Heritage Bank as a Member Bank
Coastal Heritage Bank, located in Weymouth, Massachusetts, recently became a BDC Capital member bank and joins 36 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. Coastal Heritage Bank is a great addition to our membership.”
“We have been dedicated to helping the businesses in our community for over 100 years,” said Robert W. Terravecchia, Jr., Chairman/CEO of Coastal Heritage Bank. “We are dedicated to delivering the highest levels of service, support, and product excellence – and our partnership with BDC Capital will strengthen that commitment.”
Coastal Heritage Bank 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
- Eastern Bank
- Enterprise Bank and Trust Company
- Everett Co-Operative Bank
- HarborOne Bank
- John Hancock Financial Services
- Liberty Bank
- Middlesex Savings Bank
- MountainOne
- NBT Bank
- Needham Bank
- Newburyport Bank
- North Shore Bank
- Northmark Bank
- People’s United Bank, a division of M&T Bank
- Radius Bank dba LendingClub
- Rockland Trust Company
- Santander
- Silicon Valley Bank
- South Shore Bank
- 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. For almost 70 years, we have invested more than $1.5 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 COASTAL HERITAGE BANK:
For over 140 years since its original beginnings to its present-day incarnation, Coastal Heritage Bank has played an enduring role in strengthening the fabric of the South Shore community.
From providing financing for new homes to supporting new business creation and development, Coastal Heritage Bank has helped thousands of individuals and families live life to the very fullest.
More information about Coastal Heritage Bank is available online at https://www.coastalheritagebank.com. Member FDIC.
For more information, visit our website, 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
