Home Loan Bank Expands Back to the Old Neighborhood — Fox Point
Thursday, August 18, 2022
Home Loan Investment Bank is back where it started — in Providence.
This week, Home Loan opened a brand “new” location at 187 Wickenden Street, but Fox Point was the original location of the financial lender that was started more than 50 years ago by John Murphy.
Murphy -- who served on the Providence City Council -- opened Home Loan to provide customers with competitive home loans, knowledgeable advice, and financial guidance.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTIt has expanded throughout the years and now offers retail banking, mortgages, auto, commercial and home improvement loans, and now has over 100 employees.
And the business has stayed in the family — John Murphy’s son Brian Murphy, now Chairman and CEO, cut the ribbon on Wednesday to officially open the Wickenden location.
“My parents grew up in Fox Point, so it’s great to come back,” said Brian Murphy, who added that went to Brown University — and lived on neighboring Transit Street. “We’ve had a lot of our original investors and original depositors come from the Fox Point neighborhood, so it’s nice to reengage with them.”
Murphy discussed what customers can find at Home Loan Investment Bank.
“We’re more than just loans, even though our namesake is ‘home loan,’” said Murphy, who added that Home Loan offers "great rates on CDs” and also small business loans.
“We’re a full-service bank — we’re a federal savings bank, so we lend around the country and we have nationwide capabilities,” he added.
You can learn more about Home Loan Investment Bank HERE.
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