During the corresponding time, Pilgrim Bancshares, Inc. recorded a revenue increase by 5.89 % year on year, sequentially revenue grew by 2.76 %. While revenue at the Pilgrim Bancshares, Inc.'s corporate clients
Pilgrim Bancshares's Comment on Sales, Marketing and Customers
Our primary market area is the South Shore and South Coast areas of Massachusetts,
which includes portions of Plymouth, Norfolk and Bristol counties. We serve customers
located in a number of small towns in these areas, including Cohasset, Scituate,
Hull, Hingham, Norwell, Marshfield, Marion, Mattapoisett, Plymouth, Rochester
and Wareham. Although our current operations are not focused in Boston, we are
affected by economic conditions in Boston because our loan portfolio includes
a significant number of loans that are secured by real estate or that have borrowers
located in Boston. In addition, a number of our customers who reside in our market
area are employed in Boston and a number of our non-owner occupied residential
and multi-family loan customers have properties in Boston as well as in our market
area. We intend to continue to make loans, particularly commercial real estate,
multi-family, non-owner occupied residential and construction loans, in Boston,
so we will continue to be affected by economic conditions in Boston.
Pilgrim Bancshares’s Comment on Sales, Marketing and Customers
Our primary market area is the South Shore and South Coast areas of Massachusetts,
which includes portions of Plymouth, Norfolk and Bristol counties. We serve customers
located in a number of small towns in these areas, including Cohasset, Scituate,
Hull, Hingham, Norwell, Marshfield, Marion, Mattapoisett, Plymouth, Rochester
and Wareham. Although our current operations are not focused in Boston, we are
affected by economic conditions in Boston because our loan portfolio includes
a significant number of loans that are secured by real estate or that have borrowers
located in Boston. In addition, a number of our customers who reside in our market
area are employed in Boston and a number of our non-owner occupied residential
and multi-family loan customers have properties in Boston as well as in our market
area. We intend to continue to make loans, particularly commercial real estate,
multi-family, non-owner occupied residential and construction loans, in Boston,
so we will continue to be affected by economic conditions in Boston.
Sources:
Pilgrim Bancshares, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Pilgrim Bancshares, Inc.’s corporate clients.
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