News: Financial Digest

Spinelli named senior vice president at Randolph Savings Bank

The Randolph Savings Bank board of trustees has named Michael Spinelli of Canton senior vice president and senior lending officer for Randolph Savings Bank. Spinelli previously served as the vice president and the commercial loan manager. He will now be responsible for oversight of all aspects of residential and commercial lending. Spinelli has a BS from Bentley College and his MBA in Finance from Anna Maria College. Having experience with Horizon Bank, Spinelli came to Randolph Savings in 2007 from Holbrook Cooperative Bank and is a member of the board of directors of Milton Hospital.
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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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