BHBK Profile
Blue Hills Bancorp, Inc. (BHBK) is a bank holding company that owns Blue Hills Bank, a full-service community bank headquartered in Norwood, Massachusetts, USA. The bank provides a range of banking products and services to individuals, families, and businesses in the Greater Boston metropolitan area and southeastern Massachusetts.
Blue Hills Bank offers personal banking services such as checking and savings accounts, loans, mortgages, and online and mobile banking. The bank also provides business banking services including commercial lending, cash management, and merchant services.
As of December 31, 2021, Blue Hills Bancorp had total assets of $3.1 billion, deposits of $2.4 billion, and loans of $2.2 billion. The company operates through a network of 11 branches and has approximately 270 employees.
In November 2018, Blue Hills Bancorp announced that it would be acquired by Independent Bank Corp. for $726.5 million in cash and stock. The transaction was completed in April 2019, and Blue Hills Bank now operates as a subsidiary of Independent Bank Corp.
Overall, Blue Hills Bancorp has a strong presence in the Greater Boston area and southeastern Massachusetts, and its acquisition by Independent Bank Corp. positions the company for continued growth and expansion in the region.
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