03.31.2010

South Weymouth – Cambridge Mortgage Group, a wholly owned subsidiary of South Shore Savings Bank, announces that it has opened a new lending office in East Orleans for the Cape and Islands market. The office is staffed by Orleans resident Kevin Joyce, who has joined the company as Regional Lending Manager.

Mr. Joyce has nearly 20 years of mortgage lending experience on Cape Cod. He previously worked in residential real estate sales.                               

Cambridge Mortgage Group was founded in 1996, and became a subsidiary of South Shore Savings Bank in 2008.  It originates and sells residential first mortgage loans in the secondary mortgage market and originates loans for South Shore Savings Bank’s portfolio. In addition to its East Orleans office, Cambridge Mortgage Group also has offices in Hingham and Newburyport.

 Originally chartered in 1833, South Shore Savings Bank is a full-service community bank with assets of approximately $950 million and 14 branches. All deposits are insured in full. The FDIC insures all deposits up to $250,000 per depositor and up to $250,000 per depositor for Individual Retirement Accounts (IRAs); all deposits above this amount are insured by the Depositors Insurance Fund (DIF). For more information, visit www.sssb.com.