Brockton-based HarborOne Bank is expanding into Boston.

The company announced yesterday that it will open a loan production office at 20 Customer House St. in downtown Boston on July 16, the bank’s first office in the city.

The new office will be staffed by a seasoned team of veteran lenders and personal banking professionals with expertise in commercial solutions and a commitment to superior customer service.

“Opening an office in Boston is a natural next step for us and one that we have been planning for some time,” James W. Blake, CEO of HarborOne Bank, said in a statement. “The tremendous growth in our commercial lending business over the last three years has proven to us that we can effectively compete in the space. The time is right to expand our business into the robust Boston market.”

The move makes sense considering the evolution of the bank’s business book. In the first quarter of this year, HarborOne’s commercial real estate loans grew roughly $130 million year-over-year, while residential mortgage book lost volume year-over-year.

The Boston-based loan production office will provide a wide range of commercial solutions including commercial real estate financing, working capital, term debt for equipment and leaseholds and cash management products.

HarborOne will continue to work with the professional services market in areas such as medical practices, law firms, CPA and other professional firms throughout Boston and the surrounding area.

The Boston office will also be staffed with a personal banker working closely with the commercial team to deliver retail mortgage, home equity and deposit solutions.

“There is ample room in the Boston market for a bank committed to timely, effective solutions in the business lending space,” Joseph F. Casey, president of HarborOne, said in a statement. “We feel the experience we provide our business and retail clients will be valued among companies and individuals in and around the city.”

HarborOne Expands into Boston

by Bram Berkowitz time to read: 1 min
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