South Coastal Bank is based in Rockland, Massachusetts and has bank branches in Rockland, Braintree, Scituate, and Quincy.  The bank was established on March 30, 1868 under its original name of Rockland Savings Bank and has been FDIC insured since March 2, 1981.  South Coastal Bank is chartered as a FDIC Savings Bank; therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 31, 2008 the bank had assets of $259,278,000 of which total deposits were $177,607,000.  For all of 2008, the bank had net income of $658,000. The bank has approximately 41 employees.

South Coastal Bank most recent performance ratios.
As of December 31, 2008:

Noncurrent loans to loans 0.02%
Core capital (leverage) ratio 6.10%
Tier 1 risk-based capital ratio 9.97%
Total risk-based capital ratio 11.00%
Return on assets 0.27%
Return on equity 4.23%

South Coastal Bank products and services:

Free checking account, interest checking account, money market account, Premium money market account, Premium Plus money market account, statement savings account, passbook savings account, certificate of deposit, Individual Retirement Account, online banking, direct deposit, telephone banking, unsecured installment loan, auto loan (new), auto loan (used), overdraft protection, home equity plus, residential mortgages, business checking accounts, business investments and interest rates, business sweep account and interest rates, commercial lending and online banking for business

Bank locations:

Rockland Office
279 Union Street
Rockland MA 02370
Phone: (781) 878-5252
Fax: (781) 878-1941

Scituate Office
54 Front Street
Scituate MA 02066
Phone: (781) 545-5500
Fax: (781) 545-0688

Quincy Office
1259 Hancock Street
Quincy MA 02169
Phone: (617) 984-0011
Fax: (617) 984-0666

Braintree Office
405 Washington Street
Braintree MA 02184
Phone: (781) 356-4666
Fax: (781) 356-8666

Web address: www.southcoastalbank.com

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