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Massachusetts bank buys South Portland mortgage lender


HarborOne Bank of Brockton, Massachusetts, has acquired mortgage lender Cumberland ... Cumberland’s business relationship with Portland real estate firm Bean Group and its 500-plus agents statewide also will be a business development asset to HarborOne ...


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HarborOne Bank acquired Cumberland County Mortgage for an undisclosed sum By JCraig AndersonStaff Writer Follow on TwitterEmail Writer207-791-6390 Share Read Article HarborOne Bank of Brockton, Massachusetts, has acquired mortgage lender Cumberland County Mortgage of South Portland for an undisclosed sum, the companies said Thursday. The deal positions HarborOne as a leading home lender in Maine, the company said in a news releaseCumberland did $131.59 million in loan volume in 2016, it said. Founded in 2000, Cumberland already was a source of significant revenue for HarborOne through a third-party mortgage originator relationship with Merrimack Mortgage Co., a wholly owned subsidiary of HarborOne, the release said. Cumberland’s business relationship with Portland real estate firm Bean Group and its 500-plus agents statewide also will be a business development asset to HarborOne and Merrimack Mortgage, it saidCumberland has seven employees, including four loan officers. HarborOne is one of the largest state-chartered cooperative banks in New England with $2.7 billion in assets. Share Read or Post Comments Send questions/comments to the editors Want the news vital to Maine? Our daily headlines email is delivered each morning Email* Newsletter Choices* Daily Headlines and Evening Express Breaking News Business Headlines Maine Cannabis Report High School Sports Real Estate * I understand the Terms of Service NameThis field is for validation purposes and should be left unchanged. This iframe contains the logic required to handle Ajax powered Gravity Forms. jQuery(document).ready(function($){gformInitSpinner( 249, 'https://www.pressherald.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_249').load( function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_249');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_249').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;if(is_form){jQuery('#gform_wrapper_249').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_249').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_249').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_249').offset().top); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_249').val();gformInitSpinner( 249, 'https://www.pressherald.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [249, current_page]);window['gf_submitting_249'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_249').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_249').offset().top);jQuery(document).trigger('gform_confirmation_loaded', [249]);window['gf_submitting_249'] = false;}, 50);}else{jQuery('#gform_249').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [249, current_page]);} );} ); if(typeof gf_global == 'undefined') var gf_global = {"gf_currency_config":{"name":"U.SDollar","symbol_left":"$","symbol_right":"","symbol_padding":"","thousand_separator":",","decimal_separator":".","decimals":2},"base_url":"https:\/\/www.pressherald.com\/wp-content\/plugins\/gravityforms","number_formats":[],"spinnerUrl":"https:\/\/www.pressherald.com\/wp-content\/plugins\/gravityforms\/images\/spinner.gif"};jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 249) {if(typeof Placeholders != 'undefined'){ Placeholders.enable(); }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} ); jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [249, 1]) } ); Here at MaineToday Media we value our readers and are committed to growing our community by encouraging you to add to the discussion To ensure conscientious dialogue we have implemented a strict no-bullying policyTo participate, you must follow our Terms of UseClick here to flag and report a comment that violates our terms of use.

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