Important information about deposit insurance at Charles River Bank

Effective March 17, 2020, The Co-operative Central Bank (CCB) and its Share Insurance Fund (SIF) have merged into the Depositors Insurance Fund (DIF). As a result of this merger, all co-operative banks, including Charles River Bank will now become members of the DIF. The deposit insurance coverage for amounts above the FDIC limit shall now be provided by the DIF.

Importantly, this merger does not change the amount of deposit insurance coverage provided to depositors of co-operative banks. All deposits at Charles River Bank and other Massachusetts co-operative banks continue to be insured in full. 

Each depositor is insured to at least $250,000 by the FDIC. Effective March 17, 2020, all deposits above the FDIC limit will now be insured by the DIF. This merger will benefit depositors by creating a deposit insurance fund with greater resources to protect deposits in member banks.

Like the Share Insurance Fund, the Depositors Insurance Fund has a long history of protecting deposits in member Massachusetts chartered banks. Since 1934, when the SIF and DIF insurance funds were created, no depositor has lost a cent in a member bank. 

To learn more about the DIF’s history, operations, and deposit insurance coverage, please visit the Frequently Asked Questions page on the DIF’s website, or call the DIF at 781-938-1984.

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Your Mortgage Connection – Edition 1

Your Mortgage with Kim Pelliccia

Kim Pelliccia
Mortgage Consultant
2 South Maple Street,
Bellingham, MA 02019
NMLS#: 1870832
O: 508-321-3160
C: 774-277-5898
Visit My Webpage    

Welcome 2020!  What a difference a year makes.  According to Freddie Mac, during the first week of 2020, average US fixed interest rates for 30 year mortgages were 3.72% vs 4.51% one year ago at the start of 2019 – and rates are even lower this week!  With financing rates this low, buyers may be starting their spring home-buying season sooner rather than later. It’s a great time to prepare for what could be a very busy year!

For those I haven’t met in person yet, I’m Kim Pelliccia, Mortgage Consultant for Charles River Bank.  I’ve walked in your shoes, working as a Realtor® in MA and RI, as well as a real estate closing paralegal. I have successfully incorporated my prior experience in real estate directly into my role as a residential lender. My vision has always been to provide outstanding customer service and since we work in a referral business industry, I am dedicated to making sure I provide nothing but excellence throughout. I provide insight and direction to help buyers navigate through the complexity of the mortgage financing market.

A few unique programs that our Charles River Bank lending team and I have been able to access for income qualified buyers include:

  • FHLB Housing our Workforce grant programs offering up to $20,000 in matching down payment funds
  • FHLB Equity Builder Program offering up to $15,000 down-payment, closing cost and rehab assistance

There are many other unique financing programs that may better fit your buyers’ individual needs, and throughout 2020 I’ll be sharing some additional details that you may find helpful.

If you have any specific situations where you’re looking for a creative solution to finding financing, I invite you to call or email me.  I’m here to help provide ideas and solutions, and put in the work to make sure you, your sellers and buyers get to closing on time with no surprises, completely satisfied with service and the financing process.

I look forward to working with you and wish you a very successful 2020!


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Our Main Office (70 Main Street, Medway) will be closed on Saturday, December 7 for important utility and system upgrades.

During the upgrade, the Walk-up and Drive-up ATMs at the Main Office will not be available from approximately 5 PM on Friday, December 6 through Sunday, December 8.  

Our Bellingham and Mendon offices will be open from 9 AM – 1 PM on Saturday, December 7. Drive-up ATMs at both locations will also be available throughout the weekend.

Charles River Bank is conducting significant upgrades to our electrical and generator systems at our Medway Office. Below are easy ways to ensure you continue to connect with your accounts throughout the weekend:

  • In-Person Banking
    While our Main Office is closed on Saturday from 9 AM to 1 PM, our full-service locations in Bellingham and Mendon will be open, with extra staff on hand to help with any of your banking business. Click here for directions.
  • ATMs
    The ATMs at our Main Office will be unavailable throughout the weekend. You can continue to use your Charles River Bank Debit Card to get cash, while avoiding ATM surcharges, by:
    Visiting our locations in Bellingham and Mendon
    Using any SUM® or MoneyPass® location
    > Asking for cash back at most grocery stores and major retailers
  • Check Deposits
    Need to deposit a check? You can:
    Use the CRB Mobile Banking app
    > Visit our locations in Bellingham and Mendon
  • Safe Deposit Boxes
    Because the Main Office vault will be inaccessible during the upgrade, we encourage you to come in the week of December 1 to access your Safe Deposit Box and get any items you may need during, or directly after, the weekend.
  • Night Deposit Drop
    Business customers who currently use the Main Office Night Deposit Drop Box will have access to it during the weekend.
  • Cash & Coin
    If you or your business need cash or coin for the weekend, visit the Main Office on Thursday (8:30 AM – 6 PM) or Friday (8:30 AM – 5 PM), in anticipation of the branch closing on Saturday. Of course, you can also visit our Bellingham and Mendon locations for additional coin and cash.

We anticipate the work will be completed in time for our regular opening on Monday, December 9 but as with all major renovations, there may be delays. We will post any changes or updates here, as well as to our Facebook Page.

If you have any questions, please call a Personal Banker at 508-533-8661.  We apologize for the inconvenience and appreciate your understanding.

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FREE Shred Day – Saturday, November 2, 2019

Charles River Bank (CRB) is providing FREE shredding services during their Community Shred Day on Saturday, November 2nd from 10:00am to 1:00pm. The event will be held simultaneously at CRB’s branch locations at 70 Main Street, Medway, MA 02053; 2 South Maple Street, Bellingham, MA 02019; and 1 Hastings Street, Mendon, MA 01756.

Bring your sensitive documents to any of the CRB locations listed, and the Bank’s document destruction company will professionally shred them onsite. It’s a great way to clear the clutter from your home while protecting your personal information.

“Security of personal financial information is always the highest priority at Charles River Bank. Offering a Community Shred Day provides secure document destruction service to our customers and neighbors who may not have access to a high volume shredder at home,” stated Charles River Bank President & CEO Jack Hamilton.

Everyone who stops by to shred documents will receive a free Charles River Bank pompom hat (while supplies last). Anyone visiting a CRB office on the November 2nd Shred Day can enter to win a $500 Wachusett COW Card. The contest winner can then shred the trails of Wachusett Mountain this winter with family or friends. Questions about Community Shred Day can be directed to 508-533-8661 or

Charles River Bank—with assets of $250 million—was founded in 1915, and continues to offer a wide range of individual and business banking services. The Bank’s Main Office is located at 70 Main Street in Medway, with state-of-the-art branches located on the Bellingham/Franklin town line on Route 140 and in Mendon at 1 Hastings Street, at the intersection of Rte. 16 and North Avenue. Charles River Bank also operates a branch in Medway High School that serves as an educational facility and full-service branch. In 2018, Charles River Bank contributed more than $37,000 to community non-profit organizations.

For more information call 508-533-8661 or visit

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Pelliccia Joins Charles River Bank as Mortgage Consultant

Charles River Bank (CRB) is proud to announce the addition of Mortgage Consultant Kim Pelliccia. In her new position, Pelliccia will guide homebuyers and homeowners through the mortgage financing process, provide loan pre-qualifications for those looking to purchase, offer expert advice on home equity options, and coordinate educational programs for Realtors® and potential customers.

Pelliccia brings to the bank a combined 20 years of customer service excellence, sales, marketing, administrative, and real estate experience. Holding a high honors Business degree from Fisher College, Pelliccia has held support roles in the retail, manufacturing, and construction industries, and was a real estate paralegal and a prior licensed Realtor® in RI and MA.  Originally from Providence, RI, Pelliccia now resides in Seekonk, MA with her family and enjoys watching her children play sports, visiting beaches, and discovering new restaurants.

Having acquired her first home in 2017, navigating through a complex short-sale purchase, Pelliccia is excited to share her personal experience and knowledge of the industry with others to help them achieve their goal of home ownership.  Pelliccia can assist with first time homebuyer programs, fixed and adjustable rate loans with terms from 10 to 30 years, jumbo loans, purchase with rehab programs, Mass Housing loans, construction loans, home equity loans, and potential eligibility of her customers for down payment and closing cost grants through the Federal Home Loan Bank’s Equity Builder Program.

Pelliccia will be based out of Charles River Bank’s Bellingham, MA office, conveniently located off of Rte. 495 on Route 140 at the Bellingham/Franklin town line.  She is available for consultations by phone or in person and will be following through on applications submitted to her through CRB’s 24 hour Online Mortgage Center (

“We are excited to have Kim join our team.  Kim brings tremendous energy and a desire to provide the highest level of expertise and open communication from a customer’s first inquiry through loan closing.  Our mortgage customers and Realtors will benefit from her experience in the real estate industry, as well as her extensive customer service background,” said Charles River Bank President & CEO Jack Hamilton.

Pelliccia can be reached at or 508-321-3160.

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Charles River Bank Sponsors Medway Summer Concert Series

Charles River Bank is a proud sponsor of this year’s Medway Summer Concert Series in conjunction with the Medway Parks and Recreation Department. Concerts will be held Mondays in July at Choate Park in Medway from 6:00pm to 8:00pm. The program is also supported by a grant from the Medway Cultural Council, which supports various programs that promote access, education and diversity in the arts, humanities and interpretive sciences.

This year’s schedule of performers includes:

-July 8: The Chris Ross Band
-July 15: The Dan Rice Project
-July 22: Lake Shore Drive Band
-July 29: The Reminisants

“We love the idea of a summer concert series at Medway’s redesigned and newly upgraded Choate Park. It’s the perfect place for our community to get together and discover some very talented local artists. We are so happy to sponsor these concerts so everyone can get outside and enjoy an evening with friends, family and music in beautiful Choate Park,” said Charles River Bank’s Senior Vice President of Customer Care and Relationship Development Ann Sherry.

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Charles River Bank is Premier Sponsor of Medway Foundation for Education’s “Dodging 4 Schools”

Charles River Bank donated $1,000 to the Medway Foundation for Education (MFE) as Premier Sponsor of their Dodging 4 Schools Annual Dodgeball Tournament. This year’s tournament will be held on March 23rd at 11:00am at the Medway Middle School.

The Medway Foundation for Education was formed in 2002 to help raise funds to support local, educational-based special initiatives that enhance programs offered through the Medway Public Schools. Charles River Bank has always been deeply committed to the MFE, supporting its fundraising efforts and events held throughout the year. Bank officers have served on the MFE board since its founding. Currently, Charles River Bank AVP/Medway Operations Manager Nancy MacLeod is a member of the MFE Board of Directors.

To date, the MFE has provided over $270,000 in grants to Medway Public Schools through fundraising events like the Dodgeball Tournament and Trivia Bee. This year, the MFE Board of Directors has awarded grants to establish a new Collaborative Classroom with updated technologies for Medway High School students, a Lightboard Studio that creates video lectures for Medway Middle School students and an interactive Lego table for Medway Elementary School students.

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Three Students Awarded Scholarships from Charles River Bank

(Medway, MA)- Charles River Bank President & CEO Jack Hamilton is pleased to award annual scholarships from Charles River Bank to Catherine Dunne, Lillian Sears and Jessica Daly. All three students are 2018 graduates of Medway High School. Scholarship recipients must demonstrate that they have successfully completed their first semester of college and are enrolled for second semester classes. Dunne is studying accounting at the Isenberg School of Management at the University of Massachusetts Amherst and is also pursuing a minor in economics. Sears is in her freshmen year at Westfield State where she is majoring in criminal justice. Daly attends Arizona State University and is majoring in biomedical sciences with the intent to pursue a graduate degree in physical therapy.

To be eligible for a scholarship, students must either participate as a student-teller in the School Bank Program at Medway High School where Charles River Bank operates a full-service educational branch, or be employed at any of Charles River Bank’s three branches.  Student-tellers at the Medway High School office earn school credit as tellers at the school branch.  They learn about banking operations, regulations, financial services and marketing.

“Catherine, Lilly and Jess are articulate, intelligent and very deserving of these scholarships. They stood out in our High School Bank Program and it’s exciting to see them succeed in their college careers. I look forward to seeing what their futures hold,” said Hamilton.

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Charles River Bank’s VP & Director of Financial Services Clinton McHoul Earns CFP® Certification

Clint McHoul CFP®, VP/Director of Financial Services at Charles River Bank in Medway, MA has been authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board certification and renewal requirements. Mr. McHoul joined Charles River Bank in 2017 with more than 10 years of experience working with clients providing expertise with their retirement planning, education funding, business continuity planning, investments and insurance.

The CFP® marks identify those individuals who have met the rigorous experience and ethical requirements of the CFP Board, have successfully completed financial planning coursework and have passed the CFP® Certification Examination covering the following areas:  the financial planning process, risk management, investments, tax planning and management, retirement and employee benefits, and estate planning.  CFP® professionals also agree to meet ongoing continuing education requirements and to uphold CFP Board’s Code of Ethics and Professional Responsibility, Rules of Conduct and Financial Planning Practice Standards.

“Charles River Bank’s customers have a great resource with Clint.  They can be assured of receiving the highest level of professionalism and expertise with all their financial planning, investment and insurance needs. His CFP® certification truly differentiates him from other Financial Advisors and we are very proud of his accomplishment,” stated Charles River Bank President & CEO Jack Hamilton.

To make an appointment with Clint, please call 508-321-3144 or email him at


About the CFP Board:

CFP Board is a nonprofit certification organization with a mission to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning.  CFP Board owns the certification marks CFP®, Certified Financial Planner™ and federally registered CFP (with plaque design) and CFP (with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements.  CFP Board currently authorizes more than 80,000 individuals to use these marks in the United States.  For more about CFP Board, visit

About Charles River Bank:

Charles River Bank—with assets of $235 million—was founded in 1915, and continues to offer a wide range of individual and business banking services. The Bank’s Main Office is located at 70 Main Street in Medway, with state-of-the-art branches located on the Bellingham/Franklin town line on Route 140 and in Mendon at 1 Hastings Street, at the intersection of Rte. 16 and North Avenue. Charles River Bank also operates a branch in Medway High School that serves as an educational facility and full-service branch. In 2018, Charles River Bank contributed more than $37,000 to community non-profit organizations. For more information call 508-533-8661 or visit

It is important that our customers understand that the products and services available through our Financial Advisor may not be considered: a deposit, are not FDIC Insured, are not insured by a Federal Government Agency, are not guaranteed by the bank, and may go down in value. The products and services are subject to market conditions and involve investment risk, including the possibility of loss of value. Advisory Service through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Charles River Bank and Cambridge are not affiliated. Securities offered through Cambridge Investment Research, Inc., a broker/dealer, Member FINRA/SIPC.

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Welcome to our new website

Our new site features an updated design which “responds” to the size of your screen, expanded client resource center, and personal stories from our customers and team. We have also included a new tool to assist our visitors with vision or physical limitations and will continue to explore ways to improve accessibility for everyone.

You can login from any page on our site.

Customers who access their personal or business accounts with online banking will be able to access their accounts throughout the site with a single login, located in the top navigation.

We hope you like our new site and look forward to adding new content and capabilities in the coming months.

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Charles River Bank provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by  Charles River Bank, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

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Access to our lobbies is expanding Tuesday, September 8, 2020  Read our COVID-19 statement for details