North Shore Bank Helps in Transforming Downtown Beverly

On January 5, 2010, members of North Shore Bank attended the ground breaking ceremony for a new affordable housing apartment building in the heart of downtown Beverly.

The new construction, which will replace the aging Mayflower Motel at the gateway to Beverlys vibrant downtown, will contain 43 studio apartments in 2 attractive buildings well-suited to their historic surrounding and dramatically improving the areas streetscape.

North Shore Banks Vice President Steve Pettengill worked with the Beverly Affordable Housing Authority to secure both acquisition financing and permanent funding for this project.

North Shore Bank, established in 1888, is a full-service community bank based in Peabody. The Bank has eight branches located in five North Shore communities including Beverly, Danvers, Middleton, Peabody, and Salem. The Bank also maintains an online banking presence at northshore-bank.com.

North Shore Bank is a member of the FDIC and a member of the SIF.

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