The Milford National Bank

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Milford National News 

Milford National Bank Celebrates 150th Year as National Bank

The Milford National Bank and Trust Company received a certificate of recognition of the Bank’s 150 years of distinguished service and contributions to the community by the Office of the Comptroller of the Currency (OCC). The OCC is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863. It serves to charter, regulate and supervise all national banks and thrift institutions to help ensure the safety and soundness of the national banking system.
 
“This certificate serves as a reminder of how far we have come over the past 150 years,” added Ms. Carvalho. “What hasn’t changed is our commitment to being an outstanding financial resource for the people and businesses in our community.”
 
Pictured: Mike Moriarty (center), Assistant Deputy Comptroller, presented the certificate on behalf of Thomas J. Curry, Comptroller of the Currency, to Kristin Carvalho, Milford National President & CEO, and Kevin Meehan, Chairman of the Board of Directors. 

Milford National Supports Milford Regional Medical Center Expansion

The Milford National presents the largest gift in the Bank's 165 year history, $500,000, to support Milford Regional Medical Center's building expansion. The Bank's donation will support a major capital initiative that will result in a new emergency department, intensive care unit and private patient rooms. 
 
"We know the values that make up a strong community, and believe there are few that are more important than quality healthcare. We are proud to partner with Milford Regional in this precedent-setting initiative, and are always ready to join hands with the Medical Center to provide a better life in our community. It is a mission we share with great pride," says Kristin Carvalho, president and CEO of Milford National. 
 
Pictured left to right: Martin Richman, executive director, Milford Regional Healthcare Foundation; Kristin Carvalho, president and CEO, Milford National Bank; and Francis M. Saba, CEO, Milford Regional. 
 

Milford National Receives "Outstanding" CRA Rating

The Milford National Bank and Trust Company has received an “Outstanding” rating from the Massachusetts State Division of Banks for its Community Reinvestment Act (CRA) compliance. 
    
The CRA is a federal law designed to encourage commercial banks to help meet the needs of borrowers in all segments of their communities, including low-and moderate-income neighborhoods. Federal regulatory agencies examine banking institutions every two years for CRA compliance.  
    
“Very few banks achieve the ‘Outstanding’ rating so we are particularly pleased to have achieved this,” noted Kristin Carvalho, President/CEO of The Milford National. “As a community bank, our primary focus is to help people in this area buy homes and finance small businesses. Earning the ‘Outstanding’ rating is an indication that our efforts are successful.” 


300 East Main Street, Milford MA 01757
Phone 508-634-4100
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