February 27, 2018
Blue Hills Bank is pleased to announce the addition of veteran mortgage team Frank M. Penzo, Stephen Palombi, Dave Eckel, Larry White and Kathleen O’Donnell to their growing home lending division’s new location in Dorchester.
“This is a dynamic team,” comments Blue Hills Bank executive vice president, home lending Bob Driscoll. “Frank, Stephen, Dave, Larry and Kathy’s knowledge of the area and their reputation and history of service in and around the Dorchester-area is exactly what we need as we expand and open our new loan office at 406 Neponset Avenue this spring.”
Seasoned loan officers Penzo, Palombi, Eckel and White and underwriter O’Donnell have spent a combined 100 plus years in the mortgage service industry, the last five together at Meetinghouse Bank.
Penzo is a graduate of Boston State College and a member of the Lower Mills Business Association and Jamaica Plain Washington Street Business Association. Palombi is also a member of the Lower Mills Business Association, received the 2017 Mass Housing Bronze Award and is a graduate of Suffolk University. Eckel, an experienced senior lender specializing in loan origination, earned his degree from Northeastern University. White, a local lender with deep ties in Dorchester and Hyde Park, rounds out the team with Dorchester native O’Donnell, a veteran residential underwriter with extensive knowledge of first time homebuyer programs.
Blue Hills Bank’s home lending division has grown from $50 million in annual originations and $200 million in outstandings in 2010 to a diversified business originating over $500 million a year with a servicing portfolio in excess of $1 billion.
“Our growing home lending business is a credit to Bob’s leadership, a highly effective business platform and the talented group of lenders he has recruited,” comments Blue Hills Bank president and CEO William M. Parent. “We are all very excited about our expansion into Dorchester and the opportunities this will bring.”
Blue Hills Bank is a full-service community bank headquartered in Hyde Park, MA. With assets of more than $2.7 billion, the bank serves businesses and consumers in Eastern Massachusetts and Nantucket online and through its 18 branches and loan offices. Founded in 1871 as Hyde Park Savings Bank, the Bank is celebrating its 148th year in business.