Beware of Covid-19 Related Scams

Unfortunately, some people may take advantage of COVID-19 by using fraudulent websites, phone calls, emails, and text messages. While claiming to offer “help,” they may be trying to trick people into providing social security numbers, bank account numbers, and other valuable personal information. Do not divulge your bank or credit card numbers or any other personal information over the phone unless you initiated the conversation with the other party and you know that it is a reputable organization.

In addition, you should be cautious about online solicitations. Be on guard against imposters who contact you claiming to be government employees or volunteers and who ask for personal financial information or money. Learn more about how to protect yourself from these scams in the March 2020 edition of Consumer News.

Reject offers to cash a check for someone in exchange for a fee, even if the bank makes the funds available to you right away, as it may later turn out that the check was fraudulent. Read more about fake checks in the August 2019 edition of Consumer News. The Federal Trade Commission (FTC) has additional information at Avoid Coronavirus Scams.

https://www.consumer.ftc.gov/blog/2020/04/new-funding-coronavirus-sba-loans-attracts-scammers

Notice to Close Branch Office

Coastal Heritage Bank, 195 Washington Street Weymouth, Massachusetts has petitioned the Massachusetts Division of Banks for permission to close a branch office at Proprietors Green, 10 Village Way, Marshfield, MA 02050. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Mary Gallagher, 1000 Washington Street, 10th Floor, Boston, MA 02118, no later than two weeks from November 3, 2020.

The branch office located at The Village at Proprietor’s Green will be closed on January 15, 2021. Customers can obtain service at the Bank’s Marshfield Branch located at 560 Plain Street, Marshfield. Please contact us at 781-796-6084 for any additional assistance.

October 21st, 2020 – COVID-19 Update from Coastal Heritage Bank

The safety and well-being of our customers and our employees continues to be our top priority. We appreciate your continued patience and loyalty during this extraordinary time. Please know that Coastal Heritage Bank remains fully operational with the majority of our staff members continuing to work remotely.

A few important points to keep in mind:

We continue to closely monitor recommendations from the Commonwealth of Massachusetts as well as The Massachusetts Bankers Association regarding banking operations.
Our retail branch lobbies are available, with restrictions. Customers are strongly advised to continue to perform basic banking transactions – check cashing, deposits, withdrawals – at the drive-up window. Customers will be admitted to branch lobbies on a limited basis while following strict social distancing protocols including but not limited to required face coverings. A maximum of 3 customers will be admitted to each lobby at one time. Customers will be required to complete a Health Assessment Questionnaire prior to entering the lobby. Detailed instructions regarding lobby access procedures will be posted at the entry door of each branch. Branch doors will continue to be locked and customer entry will be controlled by branch employees for security purposes.
We strongly encourage you to utilize our online banking and mobile banking platforms for 24/7 account access. These digital channels allow you to make payments, view transactions, check balances, find one of our 55,000 free ATMs, open new accounts and more.

Enroll today at https://coastalheritagebank.com/online-banking/

If you are a Coastal Heritage Bank loan customer experiencing a hardship or have been impacted by the COVID-19 pandemic, please reach out to us and we will respond to your inquiry as quickly as possible:
- Personal or Home Loans: 800-695-1300 or email us at [javascript protected email address]
- Commercial Loans: 800-695-1300 or contact your commercial loan officer directly.
Updates will be regularly posted on our website: https://coastalheritagebank.com/covid-19-updates/

We will continue to regularly evaluate additional measures to support our customers and communities as needed. Should you find yourself in need of assistance, please do not ever hesitate to contact us. Again, we thank you for your continued patience and loyalty.

Thank you.
Robert W. Terravecchia, Jr.
President/Chief Executive Officer

September 30th, 2020 – Coastal Cares

Coastal Cares

Through September 30th, 2020 Coastal Heritage Bank has contributed $82,000 to
fifty-nine different schools, non-profits, community groups, special events and institutions.
Your Bank, Your Community – Growing Together

Abigail Adams Historical Society
Academy Ave Primary School
ARC of the South Shore
Archbishop Williams High School
Boys & Girls Club of Marshfield
Cardinal Cushing Center
Cushing Elementary PTO
E. Bridgewater Little League
EB Guns & Hoses Tournament
Friendship Home
Greater Lynn Chamber of Commerce
Greater Lynn Senior Services
Hamilton Primary School
Hingham Civic Music Theatre
Interfaith Social Services
Kingston Public Library Foundation
Lynn Family & Children’s Services
Lynn Police Association
MA Banker’s Charitable Foundation
MA Coalition for the Homeless
Makayla Fund
Marshfield Education Foundation
Marshfield Lobster Fest
Marshfield Youth Baseball
Massasoit Community College
May Institute
Me Tanner B Foundation
My Brother’s Table
NeighborWorks Housing Solutions
North Shore Community College
Norwell Little League

NSRWA
Plymouth Rotary Charitable Fund
QARI Festival
Quincy Public Schools CFL
Quincy Public Schools Partnership
Rotary Club of the Bridgewaters
Scituate Arts Association
Scituate Community Christmas
Scituate CORSE
Scituate High School Yearbook
Scituate Library Foundation
Scituate Little League
Scituate PHRF
Scituate St. Patrick’s Day Parade
South Shore Hospital
St. Pious V School
TILL, Inc.
Tower Health at Home Hospice
Weymouth Cal Ripken Baseball
Weymouth Cal Ripken Baseball League
Weymouth Educational Foundation
Weymouth HS Girls Soccer
Weymouth Legion Baseball
Weymouth/Braintree Elks
Weymouth Rotary Club
WFP Weymouth Weekend Backpack Program
Wyoma Little League
YMCA of Metro North

September 30th, 2020

June 25th, 2020 – COVID-19 Update

Limited Branch Lobby Access Begins June 29th

The safety and well-being of our customers and our employees continues to be our top priority. We truly appreciate your continued patience and loyalty during this extraordinary time. Please know that Coastal Heritage Bank remains fully operational with the majority of our staff members continuing to work remotely.

A few important new points to keep in mind:

We are closely monitoring evolving recommendations from the Commonwealth of Massachusetts as well as The Massachusetts Bankers Association regarding banking operations.
Effective Monday, June 29th our retail branch lobbies will be available, with restrictions. Customers are strongly advised to continue to perform basic banking transactions – check cashing, deposits, withdrawals – at the drive-up window. Customers will be admitted to branch lobbies on a limited basis while following strict social distancing protocols including but not limited to required face coverings. A maximum of 3 customers will be admitted to each lobby at one time. Customers will be required to complete a Health Assessment Questionnaire prior to entering the lobby. Detailed instructions regarding lobby access procedures will be posted at the entry door of each branch. Branch doors will continue to be locked and customer entry will be controlled by branch employees for security purposes.
We strongly encourage you to utilize our online banking and mobile banking platforms for 24/7 account access. These digital channels allow you to make payments, view transactions, check balances, find one of our 55,000 free ATMs, open new accounts and more. Enroll today at https://coastalheritagebank.com/online-banking/
If you are a Coastal Heritage Bank loan customer experiencing a hardship or have been impacted by the COVID-19 pandemic, please reach out to us and we will respond to your inquiry as quickly as possible:
- Personal or Home Loans: 800-695-1300 or email us at [javascript protected email address]
- Commercial Loans: 800-695-1300 or contact your commercial loan officer directly.
Updates will be regularly posted on our website: https://coastalheritagebank.com/covid-19-updates/

We will continue to evaluate additional measures to support our customers and communities as needed. Should you find yourself in need of assistance, please do not ever hesitate to contact us. Again, we thank you for your continued patience and loyalty.

Thank you.

Robert W. Terravecchia, Jr.
President/Chief Executive Officer

Robert Terravecchia, Jr. assumes role of President/CEO of Coastal Heritage Bank

Coastal Heritage Bank officially announces that Robert Terravecchia, Jr. has assumed the role of President/CEO of Coastal Heritage Bank. Mr. Terravecchia has served as Vice Chairman and Chief Operating Officer of Coastal Heritage Bank since the merger of Equitable Bank and Coastal Heritage Bank in 2019. Prior to the merger, Mr. Terravecchia served as President/CEO of Equitable Bank since 2017. Mr. Terravecchia has also served as President/CEO of Weymouth Bank for nearly 20 years.

Mr. Terravecchia fills the role previously held by Donald P. Gill, who retired on June 1, 2020.

Joseph C. Hayes, Chairman of Coastal Heritage Bank, commented: “Coastal Heritage Bank is very pleased to have someone with Bob’s skills and experience to lead the Bank through this current extraordinary time. His exceptional leadership qualities and strategic vision of the future will continue to position Coastal Heritage Bank as a successful and integral part of the North and South Shore communities.”

President/CEO Donald P. Gill Retires from Coastal Heritage Bank

Coastal Heritage Bank officially announces that President/CEO Donald P. Gill has retired from the Bank. Mr. Gill has served as President/CEO of Coastal Heritage Bank since 2015, shortly after the merger of S-Bank and Scituate Federal Savings Bank—a merger that formed Coastal Heritage Bank. Prior to the merger, Mr. Gill served as President/CEO of S-Bank since 2006.

In 2019, Coastal Heritage Bank completed a second merger with Equitable Bank of Weymouth. Mr. Gill will be succeeded by Robert W. Terravecchia, Jr., Vice Chairman & Chief Operating Officer of Coastal Heritage Bank and former President/CEO of Equitable Bank.

In a banking career that spanned nearly 45 years, Mr. Gill held prior leadership positions with First National Bank of Ipswich, National Bank of Greece and Salem Five Cents Savings.
Mr. Gill also served as Chairman of the Massachusetts Banking Association from 2019–2020.

Joseph C. Hayes, Chairman of Coastal Heritage Bank, commented: “Coastal Heritage Bank has been fortunate to have Don lead the Bank through this tremendous period of growth and strategic partnerships. His banking sense, innate leadership qualities and consistent advocacy for his staff and customers alike have made Coastal Heritage Bank a successful part of the North and South Shore communities.”

May 15th, 2020 – COVID-19 Update from Coastal Heritage Bank

A few important points to keep in mind:

We are closely monitoring evolving recommendations from the Commonwealth of Massachusetts as well as The Massachusetts Bankers Association regarding the opening of our branch network lobbies. Please be assured we will only fully open our branch offices when it is safe to do so.
In the meantime we continue to offer drive-up window service as previously noted. Customers who require an in-person meeting to complete a transaction, such as a loan closing or to access a safe deposit box may do so by Branch appointment only. Please call 800-695-1300 if you need to schedule a Branch appointment
If you are a Coastal Heritage Bank loan customer experiencing a hardship or have been impacted by the COVID-19 pandemic, please reach out to us and we will respond to your inquiry as quickly as possible:
- Personal or Home Loans: 800-695-1300 or email us at [javascript protected email address]
- Commercial Loans: 800-695-1300 or contact your commercial loan officer directly.
We strongly encourage you to utilize our online banking and mobile banking platforms for 24/7 account access. These digital channels allow you to make payments, view transactions, check balances, find one of our 55,000 free ATMs and more. Additional enrollment information can be found at https://coastalheritagebank.com/online-banking/
Coastal Heritage Bank is proud to be a member of the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). This means that all customers’ deposits are insured in full. Regardless of the number of accounts or the total funds, Coastal Heritage Bank’s deposits are safe and secure.
Regular updates will be posted on our website: https://coastalheritagebank.com/covid-19-updates/

We will continue to evaluate additional measures to support our customers and communities as needed. Should you find yourself in need of assistance, please do not hesitate to contact us. Again, we thank you for your continued patience and loyalty.

Thank you.

Donald P. Gill
President/Chief Executive Officer

Robert W. Terravecchia, Jr.
Vice Chairman & Chief Operating Officer

Information about IRS direct deposits

This week the IRS began making the economic stimulus payments through direct deposit.

If you filed a Federal Tax Return in 2018 or 2019 and received your tax refund via direct deposit, your stimulus payment will be deposited directly to your bank account the IRS has on file.

If you filed a Federal Tax Return in 2018 or 2019 but have not set up direct deposit with the IRS, you can submit your direct deposit information to the IRS now to get your Economic Impact Payment deposited directly into your bank account. Click “Get My Payment” through the following link: https://www.irs.gov/coronavirus/get-my-payment

If you don’t usually file a tax return, you can submit your information to the IRS to get the Economic Impact Payment. Click “Get Started” through the following link: https://www.freefilefillableforms.com/#/fd/EconomicImpactPayment

Additionally, we will ensure that stimulus payments are credited to your account the day in which they are received. These economic payments are to benefit you, our customer, which is why you will never see us using any of the proceeds to satisfy debt obligations. The full amount of these payments will be added directly to your current available deposit account balance in order for you to choose how you would like to use it.

Loan Assistance

If you are current Coastal Heritage Bank loan customer experiencing a hardship or have been impacted by the COVID-19 pandemic, please reach out to us and we will respond to your inquiry as quickly as possible:

Personal or Home Loans: 800-695-1300 or email us at [javascript protected email address]

Commercial Loans: 800-695-1300 or contact your loan officer directly.