Applications / Mortgage Analytics / Lenders / Massachusetts / Florence Bank
Florence, MA · Savings institution · FDIC · $2.0 billion assets · 502 loans in 2025
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502
loans originated, 2025
710
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Florence Bank is the biggest mortgage lender in Amherst Town-Northampton, MA, with 9.4% of the market in 2025, a lead it held while its lending grew.
It ranked 1 of 199 lenders in Amherst Town-Northampton, MA, where it has lent since 1992. Its share held at 9.4%, and Greenfield Savings Bank came second. Its 502 loans were 6% more than in 2024, in line with similar lenders (savings institutions making between half and twice as many loans). In Springfield, MA it ranked 12 of 322 with 1.8%, a slip of 0.1 points too small to read much into.
Its typical rate was 5.99%, against 6.62% at similar lenders, lower than almost all of them. None of its loans was higher-priced (a rate well above the average for similar loans). Every loan was conventional, and jumbo loans (larger than the conforming limit) were just 0.6%.
Purchases made up only 36.5% of its loans. Refinances took 27.1% and home improvement 16.9%, with other purposes making up the rest. Its typical loan, $215,000, matched its peers'.
Low- and moderate-income (LMI) borrowers took 31.0% of its loans, against 26.0% at similar lenders, more than at about three in four of them. That is up from 19.2% in 2020. Its share in LMI neighborhoods, 13.8%, was a little below peers' 15.5%, perhaps because the markets it serves have fewer such areas.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Florence Bank took 710 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 36.5% · Refinance 27.1% · Other 19.5% · Home improvement 16.9%
Conventional 100.0% · of 502 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 502 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Amherst Town-Northampton | 297 |
| Springfield | 136 |
| Barnstable Town | 4 |
| Boston | 3 |
| Cambridge-Newton-Framingham | 2 |
| Worcester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300JXIQJRQ1HME757 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 279105 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 323293 | 1992–2017 |
Established 14 February 1873. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Florence Bank's data.
Florence Bank's data
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Florence Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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