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Dedham Savings Opens New Loan Office in South Boston

New Loan Center provides space for growing Mortgage and Commercial lending activity in the South Boston market.

Dedham Savings has officially opened its newest location – the South Boston Loan Center – according to an announcement by Peter Brown, President & Chief Executive Officer.

Stated Brown, “South Boston is a key market for us, and business developers are eager to work with a local mutual bank like Dedham Savings. We are making this investment in South Boston to support the commercial, small business, and housing sectors and we’ve staffed the office with seasoned bankers who live in and know the neighborhood.”

The new Loan Center is located at 472 West Broadway in South Boston. Situated at an intersection with the busiest Uber drop off/pick up spot in Massachusetts and just down the street from the Broadway T Station, the location will allow Dedham Savings Mortgage and Commercial Lending staff to assist customers seeking home, condo, or business loans. The site includes office and conference room space, as well as a 24-hour ATM, allowing users to get cash, check account balances, make deposits, and transfer funds.

On hand to officially cut the ribbon and open the office were:

  • Peter Brown, Dedham Savings President & Chief Executive Officer
  • Mark Ingalls, Dedham Savings Chief Financial Officer & Chief Operating Officer
  • Bob Monahan, South Boston Neighborhood Development Center Board President
  • Charles McCarthy, East Way Development LLC Principal
  • Patrick McDevitt, East Way Development LLC Principal

In addition to the new Loan Center, Dedham Savings has a full-service branch location at 636 East Broadway in South Boston, as well as eight additional full-service locations.


Incorporated in 1831, Dedham Savings has assets of over $2.0 billion. Its mission is to promote financial strength and success in the individuals, families, and businesses of the communities it serves. Dedham Savings offers a broad range of financial and electronic banking services to individuals, businesses, and organizations through full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood.

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