Dedham Savings President and CEO Peter Brown speaks at the ribbon-cutting for the bank’s new loan office in South Boston. Photo courtesy of Dedham Savings

Dedham Savings opened a loan center in South Boston last week to cater to the growing mortgage and commercial lending activity in the area.

The new loan center is located at 472 West Broadway in South Boston, near the Broadway MBTA Station. It has office and conference room space, as well as a 24-hour ATM, the bank said.

The $2 billion-asset lender said the loan center will be able to assist customers seeking home, condominium or business loans.

“South Boston is a key market for us, and business developers are eager to work with a local mutual bank like Dedham Savings. We are making this investment in South Boston to support the commercial, small business, and housing sectors and we’ve staffed the office with seasoned bankers who live in and know the neighborhood,” Peter Brown, Dedham Savings’ president and CEO, said in a statement.

In addition to the new loan office, Dedham Savings has a full-service bank branch nearby at 636 East Broadway, as well as eight additional full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, Walpole and Westwood.