MassHousing Honors Bank of Canton

Shown above: George M. DeMello, Senior Vice President of Residential Lending of Bank of Canton, receives the Top Minority Lender Special Achievement Award from Thomas R. Gleason, Executive Director of MassHousing.

June 15, 2010 – Stephen P. Costello, President and CEO of Bank of Canton, is pleased to announce the Massachusetts Housing Finance Agency (MassHousing) honored Bank of Canton as Top Producer of first mortgage loans in state of Massachusetts for the second consecutive year. Bank of Canton is particularly pleased to also announce we received a Special Achievement Award for being the Top Minority Lender for the fourth consecutive year. In 2009, Bank of Canton originated 492 MassHousing mortgages worth $110.5 million overall including 70 mortgages to minorities worth $14.1 million.

“Bank of Canton is honored to be recognized once again by MassHousing with these prestigious awards for our steadfast commitment to making affordable and sustainable home mortgages available to Massachusetts residents of diverse economic and social backgrounds,” said Mr. Costello. “We’re proud to be associated with MassHousing; an outstanding organization that offers the innovative products and outstanding support the Bank needs to meet the home financing needs of so many of our customers. Congratulations to George DeMello, Senior Vice President of Residential Lending, and his team of dedicated mortgage bankers for their outstanding performance and commitment.”

“Bank of Canton has excelled at being innovative in providing quality, fixed-rate MassHousing Mortgages to low-and-moderate income borrowers,” said Thomas R. Gleason, Executive Director of MassHousing. “They are an industry leader in minority lending as well as evidenced by the fact that MassHousing has honored Bank of Canton for being a top lender to minorities for the last four years.”

In 2009, Bank of Canton’s Residential Lending division enjoyed a banner year with $640 million in loan closings. Out of hundreds of mortgage lenders throughout Massachusetts, Bank of Canton was a “top 5” provider of conventional mortgages loans for single-family and condo home purchases and a “top 10” provider of mortgage loans for home purchases of all types. For more information on MassHousing mortgage programs or other mortgage products and programs, please visit our Online Mortgage Center or call 888.828.1690.