Bristol County Savings Bank reports continued growth at Annual Meeting

DATELINE: TAUNTON, MA…
At Bristol County Savings Bank’s recent Annual Meeting Bank President E. Dennis Kelly, Jr. noted that fiscal year 2008 was another challenging, but successful year. Beacon Bancorp and it’s subsidiary, Bristol County Savings Bank closed the year with .5 million in operating income before security transactions and taxes. This was a 26% increase over the previous year, ending the year with the Bank’s total assets at .1 billion, an increase of 2.0%. One of the highlights of the past year was the acquisition of a substantial interest in the Farrell Backlund Insurance Agency, LLC, one of the region’s largest property and casualty