| Description: |
DANVERS BANCORP, INC. is the holding company for Danversbank, a Massachusetts-chartered savings bank headquartered in Danvers, Massachusetts. Other branch offices are located in Andover, Beverly, Boston, Chelsea, Danvers, Malden, Middleton, Peabody, Reading, Revere, Salem, Saugus, Wilmington, and Woburn, Massachusetts. The company\'s business consists primarily of making loans to customers, including commercial and industrial loans, commercial real estate loans, owner-occupied residential mortgages and consumer loans, and investing in a variety of investment securities. The company funds these lending and investment activities with deposits from the customers; funds generated from operations and selected borrowings. The bank also provides non-deposit investment products and services, cash management, debit and credit card products and online banking services. |