Cambridge, Mass. – East Cambridge Savings Bank today announced the addition of three lenders to the Bank’s Lending Division. Commercial loan officers Seth Felix and Robert Nichols have joined the Bank, as well as residential loan officer Thomas Jung. All three began their new roles with the Bank in January.
Seth Felix’s banking career spans over two decades, from large international institutions to local community banks. Felix most recently served as a senior business banking relationship manager at a regional bank in the Boston area where he worked closely with businesses that have revenues between $5 million and $25 million helping them with lending, deposit, and cash management needs. “This is an exciting time to join East Cambridge Savings Bank as the bank experiences increasing loan demand, from customers who want a close relationship with their banker,” said Felix. “I also have extensive experience working with businesses who are navigating the Paycheck Protection Program (PPP), so this is a perfect time to join the Bank as we scale up new PPP applications, to help as many businesses as possible.” Felix earned a bachelor’s degree from the University of California San Diego, and a Master of Business Administration from the University of Washington in Seattle. He serves on the Board of Directors for the Malden YMCA and resides in Medford, Mass. with his wife and two daughters.
Robert Nichols has over a decade of experience in commercial lending and business banking through his roles at other regional banks in the Boston area. In his most recent role, Nichols drove new business through extensive networking, outreach, and referrals. He has deep knowledge of the needs of small to mid-size businesses and has received accolades from past customers with 97% of clients stating that he exceeded customer expectations in his most recent position. “I am excited to join East Cambridge Savings Bank at this critical time for our commercial and business clients,” said Nichols. “If our customers are successful, that means the local business community is growing and thriving. I’m looking forward to working with our commercial customers to help them succeed.” Nichols holds a bachelor’s degree from Le Moyne College and is a resident of Holliston, Mass.
Thomas Jung has over twenty years of experience in residential mortgage lending through his prior role at a bank in the Boston area. He possesses a keen awareness of the needs of homebuyers whether they are first time buyers or refinancing an existing property. “The mortgage process can seem daunting, but I am eager to work with and assist the Bank’s customers and prospective clients in his new role,” said Jung. “I’m impressed with the emphasis that the Bank places on helping first-time buyers and connecting them to the resources they need.” Jung is a graduate of Northeastern University and resides in Natick, Mass.
“Despite the pandemic and businesses interruptions, loan demand was incredibly strong during 2020 and we anticipate continued growth in 2021,” said the Bank’s chief lending officer Tim Bombard. “We’re thrilled to welcome Seth, Robert, and Thomas, and I know that both our residential and commercial loan customers will benefit from their experience and knowledge in their respective roles.”
To learn more about East Cambridge Savings Bank’s lending solutions or to contact Seth Felix, Robert Nichols or Thomas Jung, please visit ecsb.com.
About East Cambridge Savings Bank
East Cambridge Savings Bank is a full-service mutually-held savings bank that believes in connecting with customers. The Bank was established in 1854 and is dedicated to providing businesses and individuals with a full line of banking services in the communities it serves. Headquartered in Cambridge, the Bank has locations in Arlington, Belmont, Cambridge, Chelsea, Malden, Medford, Somerville, and Waltham, as well as an educational training facility at Cambridge Rindge and Latin School. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC), the Depositors Insurance Fund (DIF), and is an Equal Housing Lender.
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