June 22, 2022
BDC Capital Welcomes Dedham Savings as a Member Bank
Dedham Savings, headquartered in Dedham, Massachusetts, recently became a BDC Capital member bank and joins 37 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. Dedham Savings is a great addition to our membership.”
Dedham Savings is a strong supporter of business growth in our communities,” said Doug Shaw, Executive President of Commercial Lending at Dedham Savings. “We are confident that our partnership with BDC Capital will help to continue this mission.”
Dedham Savings 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
- 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 DEDHAM SAVINGS:
Incorporated in 1831, Dedham Savings is one of the oldest banks in Massachusetts still doing business under its original charter. The Bank delivers technology-driven solutions in a client-centric way to promote the financial success of the individuals, families, businesses, and non-profit organizations in the communities it serves.
Dedham Savings manages $1.9 billion in assets through full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood, Massachusetts. Dedham Savings is Member FDIC, Member DIF, and an Equal Housing Lender.
More information about Dedham Savings is available online at www.dedhamsavings.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
