Bank holding company providing banking and financial services through its subsidiary, Central Financial Services Bank.
CFSB Bancorp, Inc. serves as a prominent holding company for Colonial Federal Savings Bank, focusing on delivering a wide range of financial services to both individuals and small businesses. Established in 1889 and headquartered in Quincy, Massachusetts, the company operates through a network that includes three full-service banking offices and one limited-service branch office located in Norfolk County. CFSB Bancorp offers various deposit products such as non-interest-bearing checking accounts, interest-bearing checking accounts, money market accounts, savings accounts, and certificates of deposit, catering to the diverse needs of its clientele.
The core lending activities of CFSB Bancorp encompass a variety of loan products including one- to four-family residential real estate loans, multi-family real estate loans, commercial real estate loans, second mortgage loans, home equity lines of credit, and consumer loans. The company prudently manages its assets by investing in a diversified portfolio of investment-grade securities and liquid assets, which include U.S. treasury obligations, government-sponsored enterprises' securities, corporate debt, mortgage-backed securities, asset-backed securities, municipal obligations, mutual funds, and certificates of deposit from federally insured institutions.
In line with technological advancements in banking, CFSB Bancorp offers modern conveniences such as online banking, mobile banking, and online bill pay services, ensuring ease of access and efficient management of financial transactions for its customers. With a commitment to financial stability and customer satisfaction, CFSB Bancorp continues to uphold its legacy of service excellence and community engagement in the Massachusetts region and beyond.