• ROLLSTONE BANK & TRUST OFFERS ASSISTANCE TO HOMEBUYERS THROUGH FHLBANK BOSTON PROGRAM

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    April 03, 2019
    ROLLSTONE BANK & TRUST OFFERS ASSISTANCE TO HOMEBUYERS THROUGH FHLBANK BOSTON PROGRAM
    Leominster/Fitchburg, MA (April 2, 2019) — Rollstone Bank & Trust has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.
    The $3.6 million program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $15,000 in assistance on a first come first serve basis. Buyers must also complete a homebuyer counseling program.
    “Homeownership is not easily attainable for many households, so we are pleased to offer this assistance to help individuals and families purchase a home. Homeownership helps build wealth and create financial stability, and programs that assist homebuyers can be effective in adding to the vibrancy of our communities,” said Martin F. Connors, Jr., President & CEO of Rollstone Bank & Trust.
    Rollstone Bank & Trust is eligible to receive up to $150,000 in 2019 through the Equity Builder Program depending on availability of funds.
    Since 2003, the Equity Builder Program has awarded more than $38.8 million in EBP funds assisting 3,512 income-eligible households to purchase a home.
    To learn more about applying for assistance, please contact Bobbie Parker at 978-345-1061. 
    Rollstone Bank & Trust logo attached. 
    About Rollstone Bank & Trust 
    In 1846, we were a pioneer community bank. Today, we’re still pioneering in Central Massachusetts with new banking ideas and good old-fashioned personal service. Our dedication to providing customers with superior personal banking and commercial financial products, and the support they need to prosper at work and at home, has enabled us to build one of the most trusted banks in the region. A Federally Chartered Mutual Savings Bank, Rollstone Bank & Trust offers a wide range of banking services through a network of branches conveniently located throughout Fitchburg, and in Leominster, Harvard, and Townsend. We also have a loan and wealth management office in Worcester and a lending center in Fitchburg. Rollstone Bank & Trust is FDIC insuredMember DIFan Equal Housing Lender, and an Equal Opportunity Employer.
    About FHLBank Boston
    The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households
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