Home Loan Bank expands into Old Neighborhood – Fox Point
Thursday, August 18, 2022
View larger +
Home Loan Investment Bank is back where it started – in Providence.
This week Home Loan opened a brand new ‘new’ location at 187 Wickenden Street, but Fox Point was the original location of the financial lender which was started over 50 years ago by John Murphy.
Murphy – who served on the Providence City Council – opened Home Loan to provide customers with competitive home loans, expert advice and financial advice.
GET THE LATEST NEWS HERE – SIGN UP FOR GLOCAL’S FREE DAILY EBLAST
It has grown over the years and now offers retail banking, mortgages, auto, commercial and home improvement loans, and now has over 100 employees.
And the business has remained in the family – John Murphy’s son Brian Murphy, now chairman and chief executive, cut the ribbon on Wednesday to officially open the Wickenden site.
“My parents grew up in Fox Point, so it’s great to be back,” said Brian Murphy, who added he went to Brown University and lives on nearby Transit Street. “A lot of our original investors and depositors are from the Fox Point area, so it’s nice to reconnect with them.”
Murphy explained what customers can find at Home Loan Investment Bank.
“We’re more than just loans, even though our namesake is ‘home loan,'” Murphy said, adding that Home Loan offers “great rates on CDs” as well as small business loans.
“We’re a full-service bank – we’re a federal savings bank, so we lend nationwide and we have nationwide capabilities,” he added.
You can read more about Home Loan Investment Bank HERE.
View larger +