Mayflower Bancorp, Inc.

Type: Public
On the web: http://www.mayflowerbank.com
Employees: 77
Employee growth: 1.3%

Mayflower Bank (formerly Mayflower Co-operative Bank) has been proudly progressing like a pilgrim since 1889. It is the primary subsidiary of bank holding company Mayflower Bancorp and operates nearly 10 branches in southeastern Massachusetts. Serving individuals and local businesses, Mayflower Bank provides standard fare such as checking and savings accounts, money market accounts, and certificates of deposit. It primarily uses funds from deposits to originate residential mortgages, commercial real estate loans, and home equity loans and lines of credit. To a far lesser extent, Mayflower Bank also originates business, consumer, and construction loans.

Key numbers for fiscal year ending April, 2011:
Sales: $12.3M
One year growth: (5.7%)
Net income: $1.3M
Income growth: 15.0%

Officers:
President, CEO, and Director; President and CEO, Mayflower Bank: Edward M. (Ted) Pratt
VP and CFO; VP and Treasurer, Mayflower Bank: Maria Vafiades
VP Information Technology, Mayflower Bank: Matthew L. Shaw

Competitors:
Citizens Financial Group
Independent Bank (MA)
TD Bank USA