News: Financial Digest

East Boston Savings Bank names Simboli and DeBlosi directors

Patricia Simboli and Robert DeBlosi were named independent directors of East Boston Savings Bank. Simboli is principal of ACS Development Corp. in Chelsea. She formerly worked at JP Morgan in New York and London. She was named to the Boston Business Journal's 40 under 40 list. She serves on the board of the Buckingham Browne & Nichols School in Cambridge; the Neighborhood House Charter School in Dorchester and yoga Hope, a non-profit. She formerly served on the board of the Winchester Hospital Foundation and the Boston Archdiocesan Choir School in Cambridge. She is also very active in the community of Chelsea, serving on several boards. She is a graduate of Bowdoin College and the Wharton School of Business at the University of Pennsylvania. DeBlosi is a CPA in Winchester, and a graduate of Bentley College. East Boston Savings Bank has 11 full-service branches, located in East Boston (3), Everett, Lynn, Melrose, Peabody, Revere, Saugus (2) and Winthrop. EBSB is in the process of opening a branch in Wakefield scheduled for late summer.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
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