| Mayflower Bank History
Mayflower Bank was organized on May 1,1889 as a Massachusetts
chartered co-operative bank. On December 23, 1987, the Bank converted
to a public company and today continues to operate as a Massachusetts
chartered co-operative bank in stock form.
Originally founded to foster the goal of affordable home ownership,
Mayflower's primary business remains the acquisition of funds
in the form of deposits from the general public, and the issuance
of mortgages for the construction, purchase and refinancing of
residential and commercial real estate as well as other commercial
and consumer loans of various types.
The Bank offers a variety of deposit accounts to individuals
and commercial customers. Deposits at Mayflower are insured by
the FDIC up to $100,000 and by the Co-operative Share Insurance
Fund (SIF) for that portion of individual deposits in excess
of $100,000.
Operating from its main office in Middleboro and six branches
in Bridgewater, Lakeville, Plymouth, Rochester, Wareham, and West Wareham, Mayflower provides
a full range of banking services to individuals, families and
small businesses alike, while continuing to retain the business
of mortgage financing as a cornerstone of its activity as a community
bank. |