Applications / Mortgage Analytics / Lenders / Massachusetts / TruNorth Bank
Peabody, MA · State member bank · FRS · $3.2 billion assets · 34 loans in 2025
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34
loans originated, 2025
39
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
TruNorth Bank, a Massachusetts bank built by mergers, made only 34 loans in 2025, down from 180 a year earlier, while it bought 220.
Its originations fell 81% in a year, while similar lenders (state member banks making between half and twice as many loans) saw a 1% fall. It made 787 loans in 2020 and 254 in 2023. The record does not say why the drop was so steep; a shift toward buying loans rather than making them could be part of it.
It bought 220 loans in 2025, against 30 a year earlier and none in 2020; the typical similar bank bought none. The two changes may be linked, with lending moving from loans it makes to loans it buys, but the record cannot confirm that.
It merged with Saugusbank in 2014, Merrimac Savings Bank in 2015, Beverly Bank in 2019, Abington Bank in 2024 and Colonial Federal Savings Bank in 2025. Those banks' filings count as its own in the competition figures. It ranks 133 of 664 lenders in Boston-Cambridge-Newton. It was renamed from North Shore Bank, a Co-operative Bank, in 2026.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. TruNorth Bank took 39 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 82.4% · Refinance 17.6%
Conventional 100.0% · of 34 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 | 34 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 21 |
| Boston | 7 |
| Worcester | 3 |
| Providence-Warwick | 2 |
| Springfield | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300B3J2ZHX7QFH171 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 161273 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 326484 | 1992–2017 |
Established 1 January 1888. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: TruNorth Bank's data.
TruNorth Bank's data
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