Local Bank Named One of the 50 Fastest Growing Residential Lenders

The following announcement was provided by Belmont Savings Bank:
Belmont Savings Bank is proud to announce that it has been selected by Banker & Tradesman as a part of their Fast 50 fastest growing residential mortgage lenders.  The bank has been ranked in the Residential Lending by Number of Loans category. The Fast 50 rankings are based on the number of loans and dollar volume for the first six months of 2018 as compared to the same time frame in 2017.                                                                                                                                                         Belmont Savings was previously included on this list in 2014 in the same category. The Fast 50 has been published annually since 2011 and draws its data from The Warren Group, publisher of Banker and Tradesman.  Lenders selected for the Fast 50 include national as well as local and regional institutions. “We are thrilled to be recognized once again by Banker and Tradesman as a part of their Fast 50 list,” said Bob Mahoney, President and CEO of Belmont Savings Bank. “This is the latest example of Belmont Savings’ emerging regional leadership, this time in the residential lending market.”
Last year, the bank was honored as the sole New England bank on Fortune Magazine’s 100 Fastest Growing Companies List.

Belmont Savings Gives Gift to Watertown Eduction Foundation During Spelling Bee

Belmont Savings Bank presented the Watertown Education Foundation (WEF) with a $2,750 check during the annual Town Wide Spelling Bee, the bank announced. The money was provided by the Watertown Education Rewards Checking account. For every new Watertown Education Rewards Checking account opened through Belmont Savings, the bank gives both the WEF and the account owner $50, and .25% annual interest on the average monthly balance in the account is put toward school programs.

Founded in 1990 by engaged citizens of Watertown, the WEF is a nonprofit organization dedicated to promoting improvements in the town’s education system by assisting school programs and encouraging support from citizens and businesses of Watertown.

3 Watertown Groups Awarded Belmont Savings Foundation Grants

The Belmont Savings Bank Foundation announced the winners of a $30,000 grant competition for its charitable giving initiative in Watertown. Previously, residents nominated local charities for a donation based on voting on the Foundation website. Through the initiative, the Belmont Savings Bank Foundation is investing $10,000 into three programs located in Watertown. The local winners are:

Armenian Cultural And Educational Center (ACEC) has been serving the needs of the Armenian-American community of Greater Boston since 1980, and continues to be home to a number of Armenian organizations. The winning grant will fund updates to its multi-media/meeting room.

Vote to Help Your Favorite Local Charity Win a Share of $30,000

The Belmont Savings Bank Foundation today announced the next round of a $30,000 grant competition for its charitable giving initiative in Watertown. Previously, residents nominated local charities that are now eligible for a donation based on voting, according to an announcement from the bank. Through the initiative, the Belmont Savings Bank Foundation will invest $10,000 into three programs located in Watertown. The voting deadline is June 15, 2015. 

All approved organizations have a 20-day period to drive voting which is taking place on the Foundation website. During the initial round, Watertown charitable organizations had until May 20th to submit an application after being nominated.

Local Groups Can Apply for 3, $10,000 Grants from Belmont Savings

The Belmont Savings Bank Foundation announced a $30,000 grant competition as part of its charitable giving initiative in Watertown. Local residents will nominate charities that will then be eligible for a donation based on voting. Through the initiative, the Belmont Savings Bank Foundation will invest $10,000 into three programs located in Watertown. Applications should include efforts for health, education, affordable housing or youth programs. The nomination deadline is May 20, 2015. Following May 20, all approved organizations will have a 20-day period to drive voting which will take place on the Foundation website.