News: Financial Digest

Cogan re-elected to 3 year term on board of directors of Mutual Bank

David Cogan, retired president and chief executive officer of Mutual Bank, has been re-elected to a three-year term as a director of the bank. He has served on the board since 1983 and is a member of the audit oversight committee. During his tenure, Mutual Bank established a consumer mortgage lending division and grew by more than 40%, from assets of $70 million to over $100 million. Cogan retired in 2003. Cogan began his banking career with Charlestown Savings Bank. In 1981 he joined Mutual Bank, then doing business as Mutual Federal Savings and Loan Association, and was named president in 1989. Cogan and his wife, Derry, make their home in Norwell, where he enjoys golf and spending time with his grandchildren. Mutual Bank is an independent, mutually-owned bank serving the community's personal and small business banking needs, with nine full-service offices in Brockton, Carver, Falmouth, Halifax, Hanson, Middleboro, Plymouth and Whitman. The Bank has operated continuously as an independent, local institution for more than a century. The main office is located at 570 Washington Street in Whitman, Massachusetts. For more information, visit www.MyMutualBank.com, or call Christine Grundy, Vice President/Director of Marketing, at 781-447-4488.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

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