NB Bancorp, Inc., a Maryland corporation, was formed in June 2023 to become the bank holding company of Needham Bank upon completion of the conversion and offering. Needham Bank is a Massachusetts-chartered cooperative bank headquartered in Massachusetts. Needham Bank was founded in 1892 and has continued to operate in Needham, Massachusetts since then. The Company's business primarily consists of taking public deposits and investing these deposits together with funds generated from operating activities in commercial real estate and multi-family loans, one- to four-family residential real estate loans, construction and land development loans, commercial and industrial loans, and consumer loans. 

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