Company Research Report: Bluestone Bank

Company Overview

• Name: Bluestone Bank

• Mission: Committed to providing leading-edge service and support for communities and customers’ banking and financial needs.

• Founded: Originally in 1872, the current form was established in 2020

• Founders: Union of Bridgewater Savings Bank and Mansfield Bank

• Key People:

• Meg D. McIsaac - President and CEO

• William Benford - Executive Vice President & Chief Lending Officer

• Benjamin Lord - Executive Vice President, Chief Operating Officer

• Christine Moscaritolo - Senior Vice President, Human Resource Officer

• Robert Peixoto - First Senior Vice President & Senior Wealth Management Officer

• Danielle Walsh - Executive Vice President, Chief Financial Officer & Treasurer

• Lisa Zenack - Senior Vice President, Senior Risk Officer

• Headquarters: Southeastern Massachusetts

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Community banking, tailoring financial solutions to fit specific needs, and supporting community growth through financial products and services.

Products

• Checking and Savings Accounts:

• Milestone Account: An innovative account designed for young people, featuring four tiers: First Steps, Keeping Pace, Gaining Ground, and Building Up.

• Key Features: Rolls checking and savings into one with benefits for children from birth to age 23.

• Investment Products:

• Offered through Bluestone Wealth & Trust, these products are not FDIC insured and may lose value.

• Mortgages and Loans:

• Specializes in home loans and commercial lending, aimed at facilitating homeownership and business growth.

• Digital Products:

• Online and Mobile Banking

• Zelle® for sending money quickly

• Digital Wallets compatible with Bluestone Bank Debit MasterCard®

Recent Developments

• New Products:

• Milestone Account: Launched to provide a comprehensive financial product for individuals from early childhood to young adulthood.

• Leadership Changes:

• New CFO and Treasurer Appointed: May 2024, alongside a new COO to develop leadership and improve both in-person and digital customer experiences.

• Partnerships and Initiatives:

• Contribution to MassDREAMS Grant Program: Participating as an approved lender to support those impacted by COVID-19.

• Community Support and Contributions:

• Donations to Schools and Local Initiatives: Donated IT equipment to local schools and awarded significant scholarships through their internal program.

• Local Engagement: Actively seeks to know and support community champions through its Community Champion program.

• Institutional Recognition:

• Received the 2021 NEFMA award for Best Overall Campaign.

This detailed report summarizes Bluestone Bank's foundational history, its commitment to community banking, innovative product offerings, and recent organizational developments. For the areas where no information is available, such as specific revenue figures and employee numbers, the report acknowledges the absence.