News: Financial Digest

Patacao named branch manager at Bristol County Savings Bank

Bristol County Savings Bank (BCSB) has named ten-year local banking veteran, Michael Patacao, to the position of branch manager of the bank's Dartmouth, banking office. As branch manager, Patacao is responsible for the management of branch operations, customer relations and new business development. Prior to his appointment, he served as branch manager and assistant branch manager at Sovereign Bank. Previously, Patacao held several positions at Bank of America, including business specialist, customer service representative and teller. Patacao has shown a commitment to the Southcoast community throughout his career and is presently active in Junior Achievement of Southeastern Massachusetts, based in New Bedford. He earned his bachelor's degree in operations management from UMass Dartmouth. BCSB is a full-service financial institution offering commercial lending, personal and business banking, and mortgage services.
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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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