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Northern Bank

Community bank offering deposits and lending

Overview

Northern Bank is a regional bank serving individuals and businesses in New England. It offers deposits, cash management, commercial and franchise financing, residential mortgages, and wealth management, funded through everyday banking services and loans. It differentiates itself with a local, community-focused approach through 12 Greater Boston branches, an entrepreneurial mindset, and a history of strong performance as a community bank. Its goal is to help customers grow by providing accessible, comprehensive banking and dependable local support.

Significant Headcount Growth

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About Northern Bank

Simplify's Rating
Why Northern Bank is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$117.3M

Headquarters

Woburn, MA

Founded

1960

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What believers are saying

  • The 2026 Heading Home partnership strengthens brand trust with socially minded depositors.
  • Local nonprofit visibility supports talent recruiting in Greater Boston’s tight banking labor market.
  • Community banking positioning keeps customer acquisition cheaper than branch-heavy regional competitors.

What critics are saying

  • National banks and fintech lenders compress margins on small-business and consumer deposits.
  • A recession in Greater Boston would hit commercial borrowers and credit losses quickly.
  • State-chartered banks face existential pressure if deposits migrate to digital banks.

What makes Northern Bank unique

  • Boston community bank ties lending to local nonprofit relationships, including Heading Home in 2026.
  • Jim Mawn chairs Heading Home’s board, showing Northern Bank’s deep civic access.
  • Its Massachusetts focus beats national banks on relationship banking and local decision-making.

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Funding

Total Funding

$117.3M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

1%

1 year growth

9%

2 year growth

9%
The Lowell Sun
Mar 27th, 2026
The five minute read.

The five minute read. PUBLISHED: March 26, 2026 at 8:26 PM EDT DeBenedetto joins stonehambank. StonehamBank recently announced that Jeana DeBenedetto, of Tewksbury, joined the bank in the role of business development officer. DeBenedetto, a Billerica native, most recently served at Northern Bank. "Jeana brings an exceptional track record of relationship-building and business development expertise to our team," Vice President of Marketing and Business Development Lauren Constantine said. "Her passion for supporting local businesses and her commitment to community align perfectly with who we are as a mutual bank. We are excited to welcome her and look forward to the impact she will make across our markets." StonehamBank is a full-service community mutual bank offering state-of-the-art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. For more information, visit stonehambank.com or call 888-402-2265. Bicentennial grant funding. LOWELL - In celebration of Lowell's bicentennial, the city announced the availability of grant funding to support cultural and creative initiatives. This funding opportunity is made possible through the American Rescue Plan Act and is intended to revitalize Lowell's cultural economy, which was disproportionately impacted by COVID-19 pandemic-related disruption. Total funding available is $250,000, with a maximum grant of $50,000. The application period is open now and until funding is exhausted. Nonprofit organizations, cultural institutions and event producers operating within the city of Lowell are eligible to apply. Applicants must demonstrate alignment with the bicentennial celebration and its goals of cultural revitalization and economic recovery. NMCOG welcomes new staff. LOWELL - The Northern Middlesex Council of Governments welcomed three people to its staff in March. John Doolin joined NMCOG as a transportation-focused planner and analyst with experience in Geographic Information System, infrastructure planning and public sector collaboration. He has worked with state transportation agencies, including those in Massachusetts and Rhode Island, as well as autonomous vehicle roadway mapping and roadway analysis efforts across multiple U.S. cities. Lauren Keisling joined NMCOG as a regional planner. Kiesling supports municipalities on a broad range of local and regional planning efforts, including housing, land use, transportation, sustainability and economic development. Alexavier Pilacik is a freshman at the UMass Lowell. He joined NMCOG as a Clean Energy and Environment Legacy Transition Municipal Fellow. Puzzle swap. TEWKSBURY - Meet fellow jigsaw puzzle fans, discuss all things jigsaw puzzles, swap puzzles and bring a puzzle for show-and-tell Saturday, March 28, 9:30 to 11:30 a.m., in the lobby of the Tewksbury Public Library, 300 Chandler St. Puzzle pieces should be sealed tightly in a ziplock bag inside the box. Please tape the puzzle box close. Puzzle pieces should be totally disassembled. Participants may swap one-for-one (for example, bring two puzzles, take two puzzles). Participants may swap up to 12 puzzles. Participants may also "purchase" puzzles, with a recommended donation of $2 (for a 500-piece puzzle) and $5 (for a 1,000-piece puzzle). These donations will benefit the Friends of the Tewksbury Library. No registration is required. Librarian and puzzle fanatic Sue Pedersen will oversee the swap. For information, call 978-640-4490 or visit tewksburypl.org. RevContent feed.

Business Wire
Apr 16th, 2024
First Northern Bank Promotes Human Resources Director to Chief Human Resources Officer

DIXON, Calif.-(BUSINESS WIRE)-First Northern Bank (OTCQX: FNRN), the region's #1 local small business lender, proudly announces the promotion of Libby Feyh to the newly created role of Executive Vice President and Chief Human Resources Officer (CHRO).

Business Wire
Apr 4th, 2024
First Northern Bank Hires Seasoned Banker as Chief Credit Officer

DIXON, Calif.-(BUSINESS WIRE)-First Northern Bank (OTCQX: FNRN), the region's #1 local small business lender, proudly announces the appointment of Brett Hamilton as its new Executive Vice President and Chief Credit Officer.

Kadince
Feb 1st, 2022
Northern Bank & Trust Company partners with Heading Home, Inc.

To help combat this need, Northern Bank partners with Heading Home, a local nonprofit that aims to end homelessness in the Greater Boston area by providing food, permanent housing, and other support services (like financial education) to families in need.

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