Beacon Financial Corporation

Boston-based regional bank holding company for Beacon Bank & Trust

What Beacon Financial does

Beacon Financial owns Beacon Bank & Trust, a bank that takes deposits from businesses, local governments and individuals and lends that money out. It makes commercial and residential real estate loans, business loans and leases, and equipment and SBA loans. It also offers trust, investment advice and wealth management, along with online and mobile banking.

How Beacon Financial makes money

It earns most of its money from net interest income, meaning the gap between the interest it charges on loans and securities and the interest it pays on deposits. It also collects fees from cash management, trust, investment advisory and wealth management services.

Products & services

• Commercial and residential real estate mortgages
• Commercial loans and leases
• Specialty equipment financing and SBA lending
• Commercial, municipal and retail deposit accounts
• Trust, investment advisory and wealth management
• Cash management and online/mobile banking