Saturday, February 9, 2008

Shout out for Big Money

Winter Hill Bank receives 'Outstanding' rating for community reinvestment

Fri Oct 05, 2007, 04:48 PM EDT

Somerville - Winter Hill Bank has been awarded an "Outstanding" rating, the highest rating possible by the Office of Thrift Supervision for the bank’s commitment to the letter and spirit of the Community Reinvestment Act .

Passed by Congress in 1977, CRA encourages financial institutions to help meet the credit needs of the communities in which they operate including low and moderate-income neighborhoods consistent with safe and sound banking operations. Federal regulators monitor whether banks are fulfilling their CRA obligations and they rate each bank based on their performance in lending, service and investments in the bank’s communities.
According to Sandra L. McGoldrick, President and CEO of Winter Hill Bank, "We are extremely proud to receive this high rating. We work hard to address the needs of every neighborhood we serve and this rating recognizes the strong commitment that the bank and our employees have to the community; not only today, but since our inception in 1906.”
Winter Hill Bank is a Mutual Federal Savings Bank with offices in Somerville, North Reading and Chelsea.

Tuesday, February 5, 2008

Obama, Former Wintervillain

It looks like Hillary Clinton is going to take the popular vote in the Massachusetts Democratic primary, though she and Barack Obama will be splitting the 93 proportional delegates. It will be interesting to see how Barack Obama does in Somerville, where he apparently lived while attending Harvard. Town by town results can be found here - Somerville has as of now 0% reporting.