Bostonfed Bancorp, Inc. - BFD- Profile

Bostonfed Bancorp, Inc.. The Group's principal activity is to provide loan and deposit services through a network of banking and finance locations. The Group is a holding company for Boston Federal Savings Bank and Broadway National Bank operating in the greater Boston metropolitan and other areas of New England. Operating through the banks, the Group accepts retail deposits from the general public and invests them in one-to-four family residential mortgage loans. It also invests in commercial real estate, construction and land, multi-family mortgage, equity lines of credit, business and consumer loans, secured by real estate or personal property and other investments. The Group originates mortgage loans for investment and also for sale in the secondary market, retaining the servicing rights. Provides multi-family mortgage, real estate and other consumer loans in the Boston metropolitan area and New England