President's Message

We are pleased to report that 2018 continues to be a great year for us and that the future looks increasingly bright – and hot! Summer is upon us and we want you to kick back and enjoy it. That’s why we’re still offering some great CD specials to help put your cash to work for you and elevate your savings efforts!

COMMUNITY MATTERS

Our involvement with our communities continues to be the inspiration for our programs, products, and daily activity here at Bridgewater Savings Bank.

We had a great time hosting our Seasons of Bridgewater Savings Photo Contest on Facebook. We received over 300 photos of local scenery.  All looking for a chance to win the grand prize and a spot in the 2019 Bridgewater Savings calendar. We enjoyed seeing the community through many different lenses. Congratulations to Kevin Logan for winning first place and to Paul Holmes and Emily Manning for winning second and third place, respectively.

We are proud to announce that BSB awarded 14 academic scholarships this graduation season totaling $18,000.

As a team, we enjoy participating in community events where we can support great causes while becoming better acquainted with the community. We recently hosted the 16th Annual Foundation Golf Classic at LeBaron Hills Country Club. Altogether $40,000 was raised from the event and there were 135 golfers.  All proceeds from the tournament go directly to The Bridgewater Savings Charitable Foundation, and will be distributed as financial grants and monetary gifts to local non-profit organizations.

We will be making our annual appearance in the Bridgewater 4th of July parade. Look out for our float, we’ll be the ones in yellow! 

In addition to BSB supporting many local organizations, we are proud to recognize two employees that have gone the extra mile. Both Ashley Flynn and Joe Mitchell have worked hard to support the Money Management Program at Old Colony Elder Services (OCES) by helping those that need assistance in balancing their budget and paying their bills. OCES is a program that helps to support the independence and dignity of elders and individuals with disabilities by providing essential information and services that promote healthy and safe living.

BUILDING ‘MORE’ OF A FUTURE

The fast-paced nature of the current mortgage market has spurred us on to find ways to help everyone looking for a new home – from grants, working with MassHousing, our own Uncommon ‘More’gage and everything in between, we hope to offer something for everyone!

In the last 3 years, Bridgewater Savings has issued 22 grants totaling $267,000 in down payment and closing cost assistance to first-time homebuyers. Bridgewater Savings Bank is an approved participant in the Equity Builder Program (EBP). Right now, we are submitting enrollment requests for Grant Money through the Federal Home Loan Bank’s Equity Builder Program for eligible First Time Homebuyers. Grant funds are awarded to participating members in increments of up to $11,000 on a first-come, first-serve basis.

We offer the MassHousing Down Payment Assistance Program (DPA) to qualified first-time homebuyers that can finance up to 100% of the price of the home. Find out if you’re eligible and take advantage of this great resource and lock down your first home!

Don’t forget about our Uncommon ‘More’gage! No PMI and only 5% down. This mortgage option is available for first-time and repeat homebuyers. If you’re eligible, you get More and pay Less on your mortgage!  

WHAT’S NEXT

As 2018 continues, our focus will remain fixed on offering our customers dependable financial solutions, ensuring individualized service, and making a positive impact throughout our region. Keep an eye out for details about events we are planning for later in the year.

Thank you,
Peter Dello Russo
President and CEO