Needham, MA (PRWEB) January 10, 2007
"This is a unique opportunity to unite two community landmarks," said Jack McGeorge, President of The Needham Cooperative Bank. "For generations we have shared similar banking philosophies and a strong commitment to serving our customers. We look forward to continuing our tradition of personal service while competing more effectively for our customers in a changing market."
Upon completion of the union, Needham Bank will have over $650 million in assets and a surplus of nearly $170 million. It will offer increased convenience for all of its customers with a total of 5 branches.
"We are excited about the opportunities this new institution presents for our customers and the community as a whole," said Mark R. Whalen, The Dedham Co-operative Bank President. "The merger rewards our customers, maintaining the hometown feel they are accustomed to with the same friendly faces, while offering access to ATMs, weekend hours, a greater array of products and more competitive rates."
Both institutions are known for their commitment to outstanding customer service, and under the new name that mission will remain the same.