News & Alerts Archives - Coastal Heritage Bank

Coastal Cares

In the first quarter of 2021 Coastal Heritage Bank contributed nearly $40,000 to thirty different schools, non-profits, community groups, special events and institutions.

Your Bank, Your Community – Growing Together

Alzheimer’s Association of MA
ARC of Plymouth & Upper Cape Cod
Cardinal Cushing Centers
Choral Arts Society of the South Shore
Cohasset Ctr. for Student Coastal Research
David’s Rescue Mission
Friendship Home
Greater Lynn Senior Services
Heading Home
Jett Foundation
Little League of East Bridgewater
Manet Community Health Center
Nahant American Legion
Nahant Little League
Norwell HS Scholarship
Norwell Little League
NSRWA
Old Colony YMCA
Pingree School Parent Council
Plymouth Rotary Charitable Fund
QARI Festival
Quincy Youth Baseball & Softball
Re-flower Project
Scituate Arts Association
Scituate PHRF
South Shore Hospital
South Shore YMCA
Weymouth Cal Ripken Baseball
Weymouth HS Scholarship
Weymouth Little League

March 31st, 2021

Coastal Cares

In calendar year 2020 Coastal Heritage Bank contributed over $100,000 to eighty-eight 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
Boston Higashi School
Boys & Girls Club of Lynn
Boys & Girls Club of Marshfield
Camp Fire North Shore
Cardinal Cushing Center
Cardinal Spellman High School
COMPASS
Cushing Elementary PTO
DOVE, Inc.
E. Bridgewater Food Pantry
E. Bridgewater Little League
EB Guns & Hoses Tournament
Friendship Home
Greater Lynn Chamber
Greater Lynn Food Pantry
Greater Lynn Senior Services
Hamilton Primary School
Hanover Food Pantry
Hingham Civic Music Theatre
Hingham Interfaith Food Pantry
Hingham Nursery School
Iglesia Critiana Torrente Food Pantry
Interfaith Social Services
ISS Feed The Hungry Gala
Kingston Public Library Foundation
Lynn Family & Children’s Services
Lynn Housing Authority
Lynn Police Association
MA Banker’s Charitable Foundation
MA Coalition for the Homeless
Makayla Fund
Marshfield Community Christmas
Marshfield Education Foundation
Marshfield Food Pantry
Marshfield Lobster Fest
Marshfield Youth Baseball
Mass Audubon Society
Massasoit Community College
May Institute
Me Tanner B Foundation
My Brother’s Table
NeighborWorks Housing Solutions
North Shore Community College
Norwell Food Pantry
Norwell Little League
NSRWA
NVNA & Hospice
Old Colony YMCA
Pilgrims Hope Food Pantry
Plymouth Rotary Charitable Fund
QARI Festival
Quincy Public Schools CFL
Quincy Public Schools Partnership
Rotary Club of Lynn Dictionary Project
Rotary Club of the Bridgewaters
Salvation Army/Quincy Food Pantry
Scituate Arts Association
Scituate Community Christmas
Scituate CORSE
Scituate Food Pantry
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
St. Stephen’s Food Pantry
James Library & Center for the Arts
TILL, Inc.
Tower Health at Home Hospice
Trustees of Reservations
Weymouth Cal Ripken Baseball
Weymouth Christmas
Weymouth Educational Foundation
Weymouth Food Pantry
Weymouth HS Girls Soccer
Weymouth Legion Baseball
Weymouth Rotary Club
Weymouth/Braintree Elks
WFP Weymouth Weekend Backpack Program
Wyoma Little League
YMCA of Metro North

December 31st, 2020

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

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.”

Coastal Heritage Bank and Equitable Bank Announce Completion of Merger

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.

Scams in the name of charity

Scammers are creative, cunning and cruel — and they often mix in a little truth to spice up their big lies. This scheme shows just how low they can go.

Government imposters claiming to be with the FTC, or another agency like the fictitious “Consumer Protection Agency,” are calling to inform people they have won a huge sweepstakes from the Make-a-Wish Foundation, a well-known charity for very sick children. To get the money, the callers say, the “winner” must first pay thousands of dollars to cover taxes or insurance on the prize. The call may even come from a 202 (Washington, DC) area code to appear credible — since the headquarters for the FTC and most federal agencies are in DC.

This is just a scheme using the well-known names of Make-a-Wish and the FTC to rob thousands of dollars from people. Once you wire money or send banking information, you will never see your money again.

Here are a few facts and tips to protect yourself and others:

If someone asks you to wire money or provide your bank account information over the telephone, it’s a scam.
Anytime you have to pay to get a prize, it’s a scam.
The FTC doesn’t oversee sweepstakes and no FTC staff is involved in giving out sweepstakes prizes. We do, however, go after sweepstakes scams.
If an FTC case results in refunds, you can find the details at ftc.gov/redress.
The Make-a-Wish Foundation has information about this specific scam on its fraud alerts page.
If you encounter this or other scams, report it to the FTC at 1-877-FTC-HELP or ftc.gov/complaint.
Talk to your friends and family about scams. Visit FTC.gov/PassItOn to find out how.

Lisa Lake
Consumer Education Specialist
Federal Trade Commission

Grand opening of the newly constructed community playground

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.