News: Financial Digest

Morse re-elected to board of directors at Mutual Bank

William Morse, president and chief operating officer of Mutual Bank, has been re-elected to a three-year term on the board of directors of the Bank. In this role, he will help guide the policy and direction for the mutually-owned bank. He also serves on the board's executive committee. Morse formerly was president and chief executive officer of Security Federal Savings Bank, and oversaw that bank's merger with Mutual Bank in 2006. Morse serves as chairman of the board of School on Wheels of Massachusetts, an organization that provides tutoring services to children experiencing homelessness. He is a director of the Metro South Chamber of Commerce and a member of Bankers' Mutual Resource. He is a past chairman of trustees of Massasoit Community College, and past chairman of Massasoit's Financial Institutions Training program. He is a former member of the town of Easton's School Committee. Morse is a long-time resident of North Easton.
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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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