October 2020
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As we enter the closing months of 2020, I am as excited as ever for the future of South Shore Bank. We have a clear purpose, a strong financial institution, and a talented and knowledgeable team that is committed to our goals. And despite the many ups and downs of safely working through a pandemic to political and social unrest to an almost complete economic shutdown, we met these challenges head on and accomplished a lot this year.

Responding to the MA Stay At Home Advisory

When MA Governor, Charlie Baker, issued his emergency stay at home advisory, we did not hesitate and formed a pandemic team that met daily to address issues and to ensure our clients could access funds and complete their banking transactions through our digital channels, drive-up windows, Face2Face live teller machines, ATMs, or by appointment. As the MA government moved into its phased reentry plan, our own South Shore Bank reentry team prepared to safely welcome clients back into eleven of our branch lobbies with precautions ranging from requiring face coverings to instituting deep cleaning and sanitizing procedures to directional floor markings for social distancing.

Delivering on the Paycheck Protection Program

When the federal government announced the Small Business Administration Paycheck Protection Program (PPP), our staff worked tirelessly to close over 1,000 Small Business PPP loans, resulting in over 13,000 local jobs saved.  We are thankful for our role in helping local businesses and communities receive essential funding, although it did not feel right profiting on this program when so many people are facing hardships.  For this reason, we used the net PPP proceeds to create the $500,000 South Shore Bank Community Fund to assist our clients impacted by the pandemic with making rent or mortgage payments.


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Let's Get Social
A great place to find updates and news from South Shore Bank is on our Facebook page. Liking us will keep you up to date on important bank news, community involvement, promotions, and more! Visit South Shore Bank on Facebook, and give us a like!
 
Boston Business Journal names Jim Dunphy among its list of ‘Extraordinary People’ on the list of the BBJ 2020 Power 50

The Boston Business Journal has named Jim Dunphy, CEO and President of South Shore Bank, an honoree among its honorees in its “Extraordinary Year, Extraordinary People: Boston Business Journal's Power 50.”

Within the Greater Boston business community, there are many extraordinary leaders who have met the extraordinary challenges of this year head on.


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South Shore Bank Community Fund
South Shore Bank is donating the full $500,000 in net proceeds from the SBA Paycheck Protection Program (PPP) to assist South Shore Bank clients impacted by COVID-19 with rental or mortgage relief. Click here to learn more.
 
South Shore Bank Enlists StreetShares Solution to Improve and Streamline PPP Loan Forgiveness Process
South Shore Bank is utilizing an end-to-end digital solution to increase efficiency during the Paycheck Protection Program (PPP) Loan Forgiveness Process. The community bank is partnering with “StreetShares” to streamline the forgiveness process after providing more than 1000 loans totaling an incredible $130 million through the first two rounds of PPP.   South Shore Bank has been very aggressive getting money to business owners during the COVID-19 pandemic and views the StreetShares platform as a critical component to ensure the PPP Forgiveness Process is efficient and untroublesome for the borrowers and the bank itself.

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October Employee Anniversaries

Congratulations!

Joyce Duhaine
Susan Burns
Karen Peddell
Janice Walsh
Phyllis Fitzpatrick
Christina Kemp
Tracey DePhillips
Monalisa Rodrigues-McLaren
Elizabeth Powers
48 yrs
42 yrs
34 yrs
27 yrs
25 yrs
13 yrs
12 yrs
10 yrs
9 yrs
Dea Semini
Suzanne Dooley
Catherine Chung
Mary Leonard
Elona Xhelepi
Bethliz Rivera
Liem Tran
Craig Gardner
9 yrs
8 yrs
4 yrs
3 yrs
2 yrs
2 yrs
2 yrs
1 yr

Their commitment and dedication is truly appreciated here at South Shore Bank!

 
Bank at your Convenience
Extended banking hours is one of many benefits of our live teller Face2Face ATMs. Click here to find a location near you. 
 
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Your Deposits are Insured in Full
All deposits at South Shore Bank are insured in full. Each depositor is insured by Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC insurance amount are insured by Depositors Insurance Fund (DIF).
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