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Needham Bank Closes $25Mm Loan To Wind Energy Project

PUBLIC · NBBKDec 21, 2021

Amount Raised

$25 Million

Round Type

Debt Financing

NeedhamFinancial ServicesFinanceLendingBanking

Description

Needham Bank, which for more than a century has served as New England's "Builder's Bank," is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine.

Quick answer

NB BANCORP raised $25 Million in a Debt Financing round, dated December 21, 2021. NB BANCORP is based in Needham, Massachusetts, United States.

How much did NB BANCORP raise?
NB BANCORP raised $25 Million in a Debt Financing round on December 21, 2021.
What does NB BANCORP do?
NB Bancorp, Inc. is a Maryland-based financial holding company primarily engaged in providing a wide range of banking and financial services through its subsidiary.
Where is NB BANCORP based and how big is it?
NB BANCORP is based in Needham, Massachusetts, United States.
Who are the decision-makers at NB BANCORP?
Fundz holds 3 contacts at NB BANCORP. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as NB BANCORP that raised within 45 days of this round, from Fundz verified event records.

  • Mercantile Bank raised $15M (Debt Financing) on January 14, 2022.
  • Citizens Financial Group raised an undisclosed amount (Funding Round) on December 6, 2021.
  • Ensysce Biosciences raised $15M (Convertible Note) on November 8, 2021.
  • 10x Banking raised $187M (Series C) on February 2, 2022.
  • T-Rex Group, Inc. raised $34M on February 1, 2022.
  • T-Rex Group, Inc. raised $40M on January 26, 2022.

Who to call at NB BANCORP, and when

A new round usually means NB BANCORP is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day NB BANCORP raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
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Company Information

Company

NB BANCORP

Location

Needham, Massachusetts, United States

About

NB Bancorp, Inc. is a Maryland-based financial holding company primarily engaged in providing a wide range of banking and financial services through its subsidiary. Operating primarily in the banking industry, the company offers various products including savings and checking accounts, loans, and mortgage services. Its geographical focus is on the Massachusetts market, specifically serving the communities in and around Needham where its headquarters is located. As an emerging growth company, NB Bancorp is strategically focused on expanding its customer base and enhancing service offerings to adapt to current market trends.

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3 contacts
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NB BANCORP raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.