Will existings mortgages, currently serviced by each Bank, be sold as a result of the merger?

The combined Bank will remain active originating home mortgages. We plan to use the secondary market as a source of funding, but when we do, we most often will sell loans and continue to service the loan even if we do not own the loan. There are specialty programs offered by MassHousing and the FHA, for example, where we cannot service the loans. This is true today as well. Offering those loan types, even when we cannot service them, is a benefit to our local communities.

Important Dates

September
9

Meet Your Better Community Bank postcard will be mailed

October
1

Your Welcome Package will be mailed

October
23

Your Reminder Postcard will be mailed

November
1-4

North Easton Savings Bank and Mutual Bank take the final step to become one bank