Country Bank President and CEO Paul Scully commented that
the institution aspires to be the bank of choice serving Central
Massachusetts. "We had an exceptional year; resulting in a historical
level of loan originations exceeding $400 million and portfolio growth
of $167 million. With lending capacity of close to $50 million per
relationship, the bank has the capability to close deals of all sizes
and for all types of borrowers," he said. We can make a difference in
everyone's life from the first-time home buyer to the major developer,
he added.
e Bank continues to enhance its portfolio with new and innovative
products, such as a no down payment first-time homebuyer loan.
Currently, $10 million is available with six closed loans and 39 pre-
qualifications waiting to purchase a home. is program is making a
meaningful difference for those needing assistance in obtaining their
dream of homeownership.
Furthermore, Country Bank is shaking up the loan application process
with the launch of an online application for business owners with
varying borrowing needs starting at $25,000. e process expands
the ease of applying for a loan for a diverse subset of customers from
Mom-and-Pop operations to large corporations with high visibility.
"Our money is the same color as everyone else's, but our service and
expertise set us apart," said Tom Wolcott, 1st senior vice president,
Commercial Lending.
12 Worcester Business Journal | February 20, 2023 | wbjournal.com
