Member Interviews:

Winter Hill Bank, Somerville, MA

In this Solutions interview, Maria Nichols, vice president/relationship manager at the Federal Home Loan Bank of Boston discusses rthe ongoing revival of the City of Somerville with Sandra McGoldrick, chief executive officer of member Winter Hill Bank.

Somerville's transformation has brought with it new business opportunities for Winter Hill Bank — a $300 million community bank with four branches and a loan and operations center in Somerville.

In recent years, the bank has been providing loans for developers converting existing two- and three-family housing into condominiums. "Construction lending is a wonderful niche for us," Ms. McGoldrick says. "The new development in the city has generated strong loan demand from investors and developers coming into our community."

Click on the Start link to the right to view the interview.