FRED MCGRANE JOINS MIDDLESEX FEDERAL SAVINGS AS SENIOR VICE PRESIDENT – COMMERCIAL LOAN OFFICER

SOMERVILLE, MA, OCTOBER 2018 – Middlesex Federal Savings is pleased to announce the appointment of Fred McGrane as Senior Vice President – Commercial Loan Officer.

Before joining Middlesex Federal, Fred was a Commercial Lender at Berkshire Bank, the former Commerce Bank, and Mercantile Bank & Trust where he was the Senior Lender. Fred also worked at the Federal Deposit Insurance Corporation and other Boston area banks. For more than 35 years, he has been lending to Boston area businesses. Fred earned his M.B.A. from Suffolk University and is a graduate of Salem State College. He resides in Reading with his wife and has two children that live in Medford.

“I am pleased to join Middlesex Federal’s Commercial Lending team. I’m excited about being able to provide my customers with quick, local decision making that only a community-oriented bank can provide,” stated Fred.

Middlesex Federal Savings is a full-service community bank located in Davis Square, Somerville with branch offices in Teele Square, Somerville and Medford Square, Medford, and a Loan Center located on Highland Avenue in Davis Square. Middlesex Federal offers Residential, C&I, and Commercial Real Estate loans, as well as deposit services including free checking, free ATMs, and online & mobile banking. For more than 127 years Middlesex Federal has understood the importance of local decision making. The Bank remains committed to building strong, long-term personal, and business relationships with neighbors throughout the Greater Boston community.

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