Agents in Danvers, Plymouth, and Framingham may be getting more competition later this summer
Northeast Community Bancorp, the holding company for Northeast Community Bank has announced that it will be opening up a new fourth bank branch location here in the Commonwealth. The federally chartered savings bank already has three locations in Danvers, Plymouth and Framingham. In addition and of more interest to insurance agents, the bank has also applied for a license with the Division of Insurance to form an insurance agency.
The company says the new agency will be a subsidiary of the bank and will offer certain insurance products to both its customers and the general public.
NECB chairman, president and chief executive officer Kenneth Martinek said: “We believe that the addition of the insurance agency subsidiary will compliment the existing services offered by Hayden Wealth Management, a division of the Bank that provides investment advisory and financial planning services to customer and the general public.”
As approval of its license is still pending, the company did not release any further details about its plans regarding the new insurance agency.
