BOSTON -- Boston Five Bancorp said Wednesday that its subsidiary, Boston Five Cents Savings Bank FSB, had residential mortgage production for the month and 10 months ending Aug. 31 of $95.9 million and $994.0 million, respectively. For the comparable periods in 1992, Boston Five originated residential mortgages totaling $122.1 million and $1.3 billion, respectively.
Boston Five, one of the largest savings banks headquartered in Massachusetts, with total assets of more than $1.6 billion, services $3.8 billion in residential mortgages. The company, which operates 15 loan offices throughout New England, earlier this year agreed to be acquired by Citizens Financial Group of Providence, R.I., subject to certain approvals and conditions.
