|Exchange:||NASDAQ national market|
|Stock:||United Financial Bancorp, Inc.|
|Industry:||Banks - Regional - US|
|United Financial Bancorp, Inc., a Maryland corporation was incorporated in 2007. It operates as a holding company for United Bank. The Bank’s main business consists of attracting retail deposits from the general public in the areas surrounding West Springfield, Massachusetts. It invests those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans as well as in home equity loans and lines of credit, commercial real estate loans, construction loans, commercial and industrial loans, automobile loans, other consumer loans, and investment securities. It conducts its business through its 38 full service branch offices, two loan production offices, two financial services facilities, and two drive-up branches. Of the 38 full service branch offices, 14 are owned and 24 are leased, one of the financial services facilities is owned and one is leased. It also has three remote ATM locations. The Bank’s main lending activities are the origination of first mortgage loans for the purchase or refinancing of one- to four-family residential real property, as well as the origination of home equity, commercial real estate and commercial and industrial loans. Fixed-rate mortgage loans are originated for terms of up to thirty years. Generally, fixed-rate residential mortgage loans are underwritten according to Fannie Mae guidelines, policies and procedures. It also offers adjustable-rate mortgage loans for one- to four-family properties. The Bank originates commercial real estate loans that are generally secured by five or more unit apartment buildings, industrial properties and properties used for business purposes such as small office buildings, hotels, motels, recreational and retail facilities mainly located in its main market area. It originates construction loans for the development of one- to four-family residential properties located in its main market area. Residential construction loans are generally offered to experienced local developers operating in its main market area and to individuals for the construction of their personal residences. It also offers home equity loans and home equity lines of credit, both of which are secured by one- to four-family residences, substantially all of which are located in its main market area. It offers direct automobile loans with terms of up to 60 months. For new cars, its lending policy provides that the amount financed should not exceed 100% of the gross selling price of the vehicle. For used cars, its lending policy provides that the amount of the loan should not exceed the ‘loan value’ of the vehicle, as established by industry guides. The Bank is subject to extensive regulation, examination and supervision by the Office of the Comptroller of the Currency as its primary federal regulator, and by the Federal Deposit Insurance Corporation, as the insurer of its deposits.|
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.