TAUNTON, MASSACHUSETTS:  The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Steven Borgerson as Vice President of Residential and Consumer Lending.

In his new position, Steven will oversee the day-to-day operations for the Bank’s residential and consumer lending department. Mr. Borgerson will be responsible for ensuring the Bank’s residential lending department is actively supporting customer needs and the sales staff while ensuring program compliance.

President and CEO of Mechanics Cooperative Bank, Joseph T. Baptista Jr., commented “On the importance of having experienced and qualified leaders on the residential lending side of our business. Steven can help support the diverse needs of our customers and his past banking and lending experiences at both larger and smaller institutions, will provide an excellent and diverse perspective.  We welcome Mr. Borgerson to our team and are confident his contributions will help continue to grow and expand the Bank.”

Mr. Borgerson has been actively involved with residential mortgage and consumer lending for over 30 years. He began his career as a residential loan officer working for both local banking institutions and local mortgage companies before joining Cambridgeport Bank in 1994.  Steven began as the Manager of the Direct Lending Department before becoming a Residential Sales Manager in 1998.  In 2003 Mr. Borgerson joined Rockland Trust as Vice President and Regional Sales Manager where he was responsible for the Brockton region of their Residential Mortgage Department.  Steven then moved on to work for Meetinghouse Bank in 2011 as Vice President and Lending Officer, including the CRA (Community Reinvestment Act) Officer. In his role as the Sr. Lender Steven was responsible for the entire lending department including program development, sales, serving and compliance.

In addition to his full-time position at Mechanics Cooperative Bank, Mr. Borgerson currently volunteers his time as a Board Member for Neighborworks of Southern Mass, and the Adams Montessori School. He is a graduate of the Boston University with a degree in Business Management.

About Mechanics Cooperative Bank

With total assets of $580 million, Mechanics Cooperative Bank offers a wide variety of personal and business deposit and loan products. As a Massachusetts co-operative bank, 100% of customers’ deposits are always fully insured. Established in 1877, Mechanics Cooperative Bank is Massachusetts’ second-oldest co-operative bank with eight conveniently located branches in Bridgewater, Taunton, North Dighton, Somerset, Swansea, Fall River and Westport. For more information, call 1-888-MECHANICS (632-4264) or visit Mechanics-Coop.com. Member FDIC. Member SIF. Equal Housing Lender.