If you are 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.
To enhance your digital banking experience, we want to let you know about a few things we’ve been working on and remind you of some options that we have available.
To help promote social distancing and limit your need to leave your home, we’ve made the following enhancements for your convenience:
To provide customers the ability to transfer money from a savings account to another account or to third parties by pre-authorized, automatic, telephone or computer transfers, we are temporarily waiving all charges in the event you make more than 6 in a statement period.
To allow customers to maximize the ability to make check deposits through mobile devices, the bank is raising the deposit limit from $5,000 per day to $10,000.
Take advantage of online bill payments through Internet Banking!
Control your Debit MasterCard® anytime, anywhere with the free Card Valet app. You’ll have the flexibility to manage and monitor your card account to help prevent fraud, receive alerts, set spending limits and geographic restrictions.
Occasionally you may receive text messages from Coastal Heritage Bank asking for you to authenticate a specific transaction. These transaction alerts are generated when there is eCommerce activity that may not align with your spending patterns. Please respond to these text alerts to let us know whether or not the transaction in question is valid. This process helps protect customers and the Bank from potential fraud.
We have determined that closing our branch lobbies until further notice allows us to implement social distancing to reduce the risk of spreading the virus to our customers and branch employees.
Teller transactions can be conducted at our ATM’s 24 hours a day and our drive-up windows during our regular business hours. Drive-up employees are required to sanitize between transactions. ATM’s are sanitized regularly throughout the day. 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.
We will continue to closely monitor the situation and 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.
We thank you for your continued patience and understanding.
The safety and well-being of our customers and our employees is our top priority. We will continue to provide you with updates as we monitor the development of the COVID-19 Coronavirus and adapt as new information becomes available. We have adjusted our services to mitigate the risk of spreading the virus. Here is what you need to know:
Branch Lobbies Closed
We have determined that closing our branch lobbies until further notice allows us to implement social distancing to reduce the risk of spreading the virus to our customers and branch employees.
ATMs & Drive-Up Windows Open
Teller transactions can be conducted at our ATMs 24 hours a day and our drive-up windows during our regular business hours.
Drive-up employees are required to sanitize between transactions. ATMs are sanitized regularly throughout the day.
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.
Online & Mobile Access
We also want you to have confidence that you can bank virtually anywhere, anytime with the Coastal Heritage Bank app and at https://coastalheritagebank.com. We strongly encourage you to use these digital tools and other resources for self-service banking and 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. It’s easier and faster (in most cases) to manage your account digitally, especially given call wait times may be longer than usual.
If you haven’t enrolled in online access, it only takes a few minutes.
We will continue to closely monitor the situation and 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.
We thank you for your continued patience and understanding.
At Coastal Heritage Bank, the safety and well-being of our customers, associates and communities is our top priority. Like you, we’re monitoring the latest news about the COVID-19 Coronavirus. That’s why we’re doing all we can to make sure our branches are open, our bankers are present and our customer support centers are available.
We also want you to have confidence that you can bank virtually anywhere, anytime with the Coastal Heritage Bank app and at https://coastalheritagebank.com. We strongly encourage you to use these digital tools and other resources for self-service banking and 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. It’s easier and faster (in most cases) to manage your account digitally, especially given call wait times may be longer than usual.
If you haven’t enrolled in online access, it only takes a few minutes.
Be Aware of Scammers – Be vigilant! Fraudsters often take advantage of events such as these. Below is a link to the Federal Trade Commission’s site with specific coronavirus-related scam information.
The Center for Disease Control and Prevention, a division of the U.S. Department of Health and Human Services, https://www.cdc.gov/coronavirus, provides situation updates, advice, and FAQs.
We will continue to closely monitor the situation and 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.
Thank You.
The Internal Revenue Service (IRS) has launched its “Identity Theft Central” webpage to provide 24/7 access to online information regarding tax-related identity theft and data security protection. Tax-related identity theft occurs when someone steals personal information to commit tax fraud.
The Cybersecurity and Infrastructure Security Agency (CISA) encourages taxpayers, tax professionals, and businesses to review the IRS news release and CISA’s Tip on Preventing and Responding to Identity Theft for more information.
This product is provided subject to this Notification and this Privacy & Use policy.
In 2019 Coastal Heritage Bank donated over $90,000 to one hundred sixty different schools, non-profits, community groups and events.
Your Bank, Your Community – Growing Together
Coastal Heritage Bank, wholly-owned subsidiary of South Shore Mutual Holding Company, and Equitable Bank today announced the completion of their merger.
Effective April 1, 2019, pursuant to the terms of the Agreement and Plan of Merger dated as of January 1, 2019, Coastal Heritage Bank and Equitable Bank will merge, with Coastal Heritage Bank as the surviving bank. As a result of the merger, Coastal Heritage Bank will have combined assets of approximately $850 million and customers of both banks will have access to fifteen banking centers located in East Bridgewater, Green Harbor, Hanover, Hingham, Marshfield, Norwell, Quincy (2), Scituate, Weymouth, East Weymouth, South Weymouth, Nahant, Kingston, and Lynn, Massachusetts. The merger will not result in any job losses or branch closings.
“We are excited to begin our partnership,” said Donald P. Gill, President and Chief Executive Officer of the combined Coastal Heritage Bank. “We are confident that our combined scale, experience, and local leadership will allow us to provide greater benefits to customers and employees, while remaining a very strong regional community bank.”
“Our combined Board of Directors and executive management team are pleased to announce the completion of the merger and look forward to implementing our shared vision,” said Robert W. Terravecchia, Jr., Vice Chairman and Chief Operating Officer of the combined Coastal Heritage Bank.
East Weymouth and Weymouth, MA; August 14, 2018 — Equitable Bancorp, MHC (“Equitable MHC”), the mutual bank holding company for Equitable Bank (“Equitable”), a $332.9 million asset community bank headquartered in East Weymouth, and South Shore Mutual Holding Company (“South Shore MHC”), the mutual bank holding company for Coastal Heritage Bank (“Coastal”), a $517.1 million-asset community bank headquartered in Weymouth, announced today they have executed a definitive merger agreement to merge their institutions.
The definitive merger agreement was unanimously approved by the directors of each institution. Under the terms of the agreement, Equitable MHC and South Shore MHC will merge under the “Equitable Bancorp, MHC” name and immediately thereafter Equitable and Coastal will merge under the “Coastal Heritage Bank” name. The merged bank will be headquartered in Weymouth. Equitable Bancorp, Inc. (“Equitable Bancorp”), the current mid-tier bank holding company of Equitable, will remain the mid-tier bank holding company of the merged bank.
“Equitable Bank and Coastal Heritage Bank proudly share a rich history of being two of the oldest surviving co- operative banks in Massachusetts,” said Donald P. Gill, Coastal’s President and Chief Executive Officer, and Robert W. Terravecchia, Jr., Equitable’s President and Chief Executive Officer, in a joint statement. “Both banks share a common culture and strong commitment to the communities we serve.”
The post-merger executive leadership and management team of Equitable MHC, Equitable Bancorp and Coastal Heritage Bank will be drawn from both Equitable Bank and Coastal Heritage Bank. Joseph C. Hayes, Coastal’s Chairman of the Board, will serve as Chairman of the Board of Equitable MHC, Equitable Bancorp and Coastal Heritage Bank. Mr. Gill will serve as President and Chief Executive Officer of each entity. Mr. Terravecchia will serve as Vice Chairman of the Board and Executive Vice President of each entity and become President and Chief Executive Officer of each entity upon Mr. Gill’s retirement on or about April 30, 2020.
The transaction is expected to close in the first quarter of 2019, subject to satisfaction of customary closing conditions, including the receipt of regulatory approvals and approval by the respective corporators of Equitable MHC and South Shore MHC.
Luse Gorman, PC served as legal counsel to Equitable, and Nutter McClennen & Fish LLP served as legal counsel to Coastal.
To combine the resources of Coastal Heritage Bank and Equitable Bank, to create a larger and more sustainable organization that, through the prudent stewardship of our Board of Directors and vision and hard work of our employees, will have the necessary resources to effectively serve our customers and community for future generations.
In 2015, recognizing the need to grow in order to remain strong and competitive in an increasingly complex environment, the holding company of Equitable Cooperative Bank voted to merge into the holding company of Weymouth Bank – setting the stage for the banks to come together in August of 2016. The mission of Equitable Bank is to remain a community bank dedicated to developing long-term customer relationships in the communities of the North Shore and South Shore by offering high-quality products and superior customer service. Management will strive to provide a safe, profitable return on investment by focusing on prudent investment strategies that will be beneficial to the Bank, our customers, employees and the community.
Equitable Bank has branch offices in East Weymouth, South Weymouth, Quincy, Kingston, Nahant and Lynn.
In an increasingly competitive community banking environment there are vast benefits and economies of scale when two institutions merge to form one. Savings in compliance costs, auditing costs, and regulatory expenses to name just a few. It is also more efficient to expand an institutions branch network via a merger than through construction of new facilities.
As a customer, you will benefit from:
Regulatory approval was received in March 2019 and merger was complete in April 2019.
No. And you will continue to be served by the same team of professionals you have come to know over the years.
We are working with our core data processor to determine if any account numbers will need to change. You will receive ongoing communication regarding the conversion process and if there are any impacts to your specific account numbers you will be contacted directly by bank staff.
Equitable Bank customers will be able to utilize their current user names and passwords to access the Coastal Heritage Bank online banking platform.
Bill Pay payees will be transferred as well. The Coastal Heritage Bank mobile app will need to be downloaded on your device to access mobile banking.
Again, existing Equitable Bank customers mobile banking user names and passwords will not change.
Coastal Heritage Bank is a secure and well-capitalized bank and a safe place for deposits. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.
In addition, all deposit balances greater than $250,000 are fully insured by the Depositors Insurance Fund (DIF).
The Depositors Insurance Fund (DIF) is a private fund owned by the member co-operative banks, which insures all deposits at co-operative banks in Massachusetts above Federal Deposit Insurance Corporation (FDIC) limits.
The unique combined insurance coverage afforded by the FDIC and the Share Insurance Fund provides the best deposit insurance available, whether deposit balances are held in passbook, statement or certificate-type accounts, or in any combination of these accounts. At a Massachusetts co-operative bank, your deposits are always fully protected.
Since its inception, the Share Insurance Fund has preserved the enviable claim of member co-operative banks that “no depositor has ever lost a penny in any Massachusetts co-operative bank.”
After the merger is completed, Coastal Heritage Bank will be a member of Allpoint, America’s largest surcharge-free ATM Network with over 55,000 ATMs.
For locations and additional information please visit http://www.allpointnetwork.com/
The name of the combined bank will be Coastal Heritage Bank.
Coastal Heritage Bank, along with students, parents, staff, and other local business sponsors, gathered together on Monday morning for the grand opening of the newly constructed community playground at the Governor Winslow School in Marshfield.
The Bank, the lead sponsor of the campaign to build the playground, was happy to support this wonderful grassroots effort.
Earlier this month an alarming figure emerged from FICO that indicated ATM skimming was up 546% when comparing 2014 to 2015. In light of these figures Coastal Heritage Bank wanted to pass along some tips that can help keep your debit card out of the hands of counterfeiters.
(Example of a keyboard overlay designed to steal debit card PIN Numbers)
Facebook