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News & Events

01  May 2013
Seasoned Commercial Real Estate Professional Richard Felteau Joins Saugusbank Staff

Saugus, MA (www.saugusbank.com) Saugusbank President and CEO, Kevin Tierney, is pleased to announce the addition of Richard E. Felteau, Vice President of Commercial Real Estate and Construction Financing.  With over thirty years of lending experience in the banking industry, Felteau most recently worked for People’s United Bank and Danversbank — where he was a Senior Vice President of Commercial Real Estate. Prior to these postings, he worked in similar positions at Middlesex Federal Savings Bank and the Salem Five Cent Savings Bank.

Specializing in construction and development lending, including Condominium, Apartment Building, Retail Strip Mall as well as Single and Multi-Family Construction projects, Richard has routinely managed commercial real estate portfolios in excess of $80MM. At Saugusbank, Felteau will be responsible for building new real estate relationships throughout eastern Massachusetts as well as Southern New Hampshire and Maine. 

Richard is a graduate of Merrimack College and holds a BS in Finance.  He lives in Middleton with his wife, Lois, and has two grown children.

 

Richard Felteau

  VP — Commercial Real Estate & Construction Financing
  Saugusbank
  481 Lincoln Ave.
  Saugus, MA 01906

  781-426-2160 │  rfelteau@saugusbank.com

 

 

Saugusbank is an independent community bank founded in 1911. The bank offers a wide variety of commercial loan, deposit and cash management products that cater to businesses and non-profit organizations throughout the area.

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