BostonFed Bancorp, Inc. is a multi-bank holding company whose principal business is conducted through its wholly owned subsidiaries, Boston Federal Savings Bank and Broadway National Bank (the Banks). Through the Banks, the Company attracts retail deposits from the general public in the greater Boston metropolitan area and other areas of New England. In addition, BostonFed obtains deposits from nationwide brokers. The Company invests deposits, together with funds generated from operations, loan sales and borrowings, primarily in one- to four-family residential mortgage loans. BostonFed also invests in commercial real estate, construction and land, multi-family mortgage, equity lines of credit, business and consumer loans (secured by personal and/or real property) and other investments. It originates mortgage loans for investment and for sale in the secondary market, generally retaining the originated mortgage servicing rights.