Woburn, Massachusetts, May 17, 2023 – Northern Bank, a full-service community and business bank, today announced the release of its 2022 Annual Report.

The 20-page digital book highlights Northern Bank’s financial performance, charitable giving, newest branch in Stoneham, Massachusetts and lending activities to businesses of all sizes.

Annual Report highlights include:

• Northern Bank serves approximately 32,000 businesses and individual customers through its 250 employees.
• The bank’s asset size increased by 217 percent over the last 10 years to $2.83 billion as of December 31, 2022.
• Nearly 35% of Northern Bank’s workforce has been with the bank for more than five years.
• Northern Bank and its charitable foundation in 2022 donated $523,200 to local organizations. About $210,000 of those donations were earmarked to efforts to reduce homelessness, which is the primary cause of the Northern Bank Charitable Foundation. In addition, Northern Bank employees recorded 679 volunteer hours to help nonprofit organizations.

About Northern Bank

Northern Bank is a full-service bank dedicated to providing practical, commonsense financial solutions to help our customers’ lives and businesses grow. From deposit products to loans to payment and collections services, we work hands on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has 13 locations serving communities throughout Middlesex County, Massachusetts. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.