East Cambridge Savings Bank

Cambridge Savings Bank Provides Financing to Restaurateur Tom Schlesinger-Guidelli to Open New Seafood Restaurant and Market

Retrieved on: 
Tuesday, December 5, 2023
Restaurant, Bar, Finance, Specialty, Banking, Small Business, Professional Services, Food, Beverage, Retail, Team, Hook, line, and sinker, Trade Services Utility, Savings bank, Seafood, Lunch, East Cambridge Savings Bank, Multimedia, Tenant, CSB, Partnership, Water, SBA, Treasury management, FVP, Seaport District, Alcove, Boston, Greater Boston

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.
  • The loan will be used to fund construction and related startup costs for his new venture, Hook + Line, a sit-down, full-service New England seafood restaurant and H + L Market, a fast-casual seafood market.
  • View the full release here: https://www.businesswire.com/news/home/20231205567883/en/
    Hook + Line Chef, Mark Cina (left), and Hook + Line Owner, Tom Schlesinger-Guidelli (right).
  • (Photo: Business Wire)
    Located in Boston’s fast-growing Seaport District, Hook + Line and H + L Market will reflect Schlesinger-Guidelli's version of modern neighborhood service and hospitality.

Cambridge Savings Bank Approves a $250,000 Loan to Woman-Owned Enhanced Mechanical Contracting

Retrieved on: 
Tuesday, October 31, 2023
Professional Services, Consumer, Small Business, Women, Finance, Banking, Female, Small business, COVID-19, AVP, Treasury, Male, Small Business Administration, Partnership, East Cambridge Savings Bank, HVAC, CSB, Savings bank, SBA, Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that its small business lending team provided a $250,000 loan to Enhanced Mechanical Contracting, LLC .

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that its small business lending team provided a $250,000 loan to Enhanced Mechanical Contracting, LLC .
  • Based in Boston, Enhanced Mechanical Contracting provides customized HVAC services to facilities across Massachusetts and is the first 100 percent female-owned union mechanical contracting company in the state.
  • With a diverse client set, Enhanced Mechanical Contracting is well-positioned to maximize the opportunities created by market gaps as facility managers continue struggling to secure services from reliable, knowledgeable vendors.
  • “The CSB small business team is thrilled to be working with Kelsey and Enhanced Mechanical Contracting, especially during National Women’s Small Business Month ,” said Brooke Jaillet , AVP, Small Business Relationship Manager at CSB.

Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Finance, Organizational culture, Toronto-Dominion Bank, First Niagara Bank, Acquisition, Multimedia, Trust, Learning, Growth, Portfolio manager, Richardson, East Cambridge Savings Bank, TD, Professional, ABL, CSB, Savings bank, Communication, Wealth, Bank, Eastern Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.
  • Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities.
  • View the full release here: https://www.businesswire.com/news/home/20231025141064/en/
    Michael Richardson joins Cambridge Savings Bank as Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.
  • Earlier in his career, Richardson gained experience working in the ABL division for a number of well-known banking institutions, including Key Corporate Bank, First Niagara Bank, and TD Bank.

Cambridge Savings Bank Forms Relationship with Bigbelly Solar, Extends Credit Facility to Facilitate Growth

Retrieved on: 
Thursday, October 19, 2023
Environment, Technology, Finance, Environmental Health, Banking, Professional Services, Sustainability, Software, Green Technology, BigBelly, SVP, Public sector banks in India, Treasury management, Organization, Indian Trade Service, Quality of life, Growth, East Cambridge Savings Bank, Recycling, ABL, CSB, Savings bank, Bank, Renewable energy

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a credit facility to Bigbelly Solar, LLC (Bigbelly), the global leader in waste solutions for public spaces.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a credit facility to Bigbelly Solar, LLC (Bigbelly), the global leader in waste solutions for public spaces.
  • Headquartered in Needham, Massachusetts, Bigbelly manufactures cost-effective products that make any space better – improving quality of life, operational efficiency, and sustainability.
  • Since its founding in 2003, Bigbelly has been on a quest to transform the waste operations industry.
  • “As we considered our future growth and innovation, Cambridge Savings Bank stood out as the right financial institution to help us achieve our objectives while simultaneously allowing us to uphold our values.

Cambridge Savings Bank and Franklin Cummings Tech Launch Scholarship Fund to Remove Barriers for Students Facing Financial Hardships

Retrieved on: 
Thursday, October 5, 2023
Finance, Asset Management, Other Education, Banking, Professional Services, University, Education, Training, Linda, Partnership, Savings bank, East Cambridge Savings Bank, Doctor of Philosophy, Student, Hope, MSI, Future Forward Party, CSB, Franklin, Nursing, Pharmaceutical industry

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced it has launched the Cambridge Savings Scholarship Fund.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced it has launched the Cambridge Savings Scholarship Fund.
  • Franklin Cummings Tech will allocate 90 percent of the funding to cover the direct educational expenses for eligible students.
  • This marks the inaugural year of the Cambridge Savings Scholarship Fund program, an initiative that the bank has intentionally structured to benefit Franklin Cummings Tech students in need of financial support to complete a degree.
  • “Cambridge Savings Bank is dedicated to helping stabilize and improve the financial well-being of the communities that we serve,” said Wayne Patenaude , President and CEO at Cambridge Savings Bank.

Nomis Solutions Names Dan Mercurio as Global Head of Sales

Retrieved on: 
Tuesday, September 19, 2023
Nomis, SigFig, Small business, SAN, East Cambridge Savings Bank, Marketing, Sales

SOUTH SAN FRANCISCO, Calif., Sept. 19, 2023 /PRNewswire/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced that Dan Mercurio has been selected as global head of sales.

Key Points: 
  • SOUTH SAN FRANCISCO, Calif., Sept. 19, 2023 /PRNewswire/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced that Dan Mercurio has been selected as global head of sales.
  • In his role, Mercurio will be responsible for leading the go-to-market functions across sales, marketing, and revenue operations.
  • Nomis Solutions announces that Dan Mercurio has been selected as global head of sales.
  • We are thrilled to have him leading our Go To Market organization," said Greg Demas, president of Nomis Solutions.

Cambridge Savings Bank’s Digital-Only Ivy Bank Surpasses $530 Million in Deposits Two Years After Launch

Retrieved on: 
Wednesday, August 16, 2023
Banking, Personal Finance, Professional Services, Finance, Compact disc, Uncertainty, Hedera, NPS, Growth, Avonlea and Ivy Bank, FDIC, CSB, East Cambridge Savings Bank, Savings bank, NerdWallet, Bank

Cambridge Savings Bank (CSB), a nearly two-century-old, full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that after two years in business its digital banking division, Ivy Bank (“Ivy”), has exceeded $530 million in deposits and added over 6,600 customers nationally.

Key Points: 
  • Cambridge Savings Bank (CSB), a nearly two-century-old, full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that after two years in business its digital banking division, Ivy Bank (“Ivy”), has exceeded $530 million in deposits and added over 6,600 customers nationally.
  • Ivy, which offers access to higher-interest savings products, has become known for its user-friendly digital experiences, fast onboarding, and personalized service.
  • “Our mission has always been to treat every customer like our only customer, and with Ivy Bank, we’ve extended that approach to consumers nationwide,” said Katie Catlender, Executive Vice President and Chief Customer Officer, Cambridge Savings Bank.
  • “The Ivy Bank experience was informed by extensive planning and customer design, and we’re pleased to report that its success to date has exceeded our ambitious expectations,” added Wayne Patenaude , President and CEO, Cambridge Savings Bank.

Cambridge Savings Bank Supports Buyout of White Wood Kitchens with $2.6 Million in Financing

Retrieved on: 
Thursday, August 10, 2023
Professional Services, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Diamond, Software as a service, Treasury management, Savings bank, Whitewood, National Association of Home Builders, GOLD, Information technology, Greater Boston, Acquisition, Houzz, Builder, Growth, Potapy Emelianov, CSB, East Cambridge Savings Bank, Trade Services Utility, Bank

With locations in Sandwich and Pembroke, MA, White Wood Kitchens sells cabinets and countertops to residential and commercial clients, along with local and regional builders, primarily in Southeastern Massachusetts.

Key Points: 
  • With locations in Sandwich and Pembroke, MA, White Wood Kitchens sells cabinets and countertops to residential and commercial clients, along with local and regional builders, primarily in Southeastern Massachusetts.
  • Under Emelianov, White Wood Kitchens will update its multi-phase design and delivery process, which is facilitated by SaaS collaboration and a project management platform, to build efficiencies and deliver improved results.
  • In addition to the $2.1 million loan CSB provided Emelianov to facilitate the acquisition, the bank extended a $500,000 line of credit for operating expenses.
  • “Anton is a visionary, and we believe he will elevate White Wood Kitchens’ success.

Cambridge Savings Bank Supports Local Black-Owned Businesses with $100,000 Grant to the Sustainable Business Network’s Cambridge Equity Fund

Retrieved on: 
Thursday, August 3, 2023
Finance, Environmental, Social and Governance (ESG), Start-Up, Banking, Small Business, Professional Services, Philanthropy, Fund Raising, Sustainable Business Network, Small business, Partnership, Face, Marketing, Savings bank, COVID-19, Business, Black-owned businesses, Organization, Growth, SBN, CSB, East Cambridge Savings Bank, Management, Black

The Cambridge Equity Fund, which operates as a program within SBN’s Cambridge-Somerville Black Business Network (CSBBN), will offer essential resources that seek to support and uplift minority-owned businesses in the local community.

Key Points: 
  • The Cambridge Equity Fund, which operates as a program within SBN’s Cambridge-Somerville Black Business Network (CSBBN), will offer essential resources that seek to support and uplift minority-owned businesses in the local community.
  • CSB's commitment to this grant reinforces its customer-first approach and dedication to fostering a thriving and inclusive business ecosystem.
  • "The generous grant from Cambridge Savings Bank is a full circle moment for me, as I have been a CSB customer for nearly 30 years.
  • We are equally grateful for partners like Cambridge Savings Bank, whose support makes this possible,” said Laury Hammel , Executive Director at Sustainable Business Network.

Cambridge Savings Bank Extends $10 Million Revolving Line of Credit to Leadpoint Business Services

Retrieved on: 
Tuesday, July 25, 2023
Finance, Banking, Environment, Recycling, Professional Services, Partnership, Treasury management, Senior, Capital market, Savings bank, Public sector banks in India, ABL, Growth, CSB, East Cambridge Savings Bank, Trade Services Utility, Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team provided a $10M revolving line of credit to Leadpoint Business Services (“Leadpoint”).

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team provided a $10M revolving line of credit to Leadpoint Business Services (“Leadpoint”).
  • Leadpoint has established itself as a trusted operating partner in the waste and recycling industry, operating in 21 states and fostering long-standing partnerships nationwide.
  • With active staffing services across 45 job sites, Leadpoint sought additional financing to improve operational efficiency and support its rapid growth.
  • “From the onset of our partnership, Cambridge Savings Bank has operated as an extension of our team.