Danvers Bancorp, Inc. is a bank holding company. Danvers Bancorp Inc.'s principal activity is the ownership and management of its wholly owned banking subsidiary, Danversbank, a Massachusetts-chartered stock savings bank. Danversbank’s business consists primarily of making loans to its customers, including commercial and industrial (C&I) loans, commercial real estate loans, owner-occupied residential mortgages and consumer loans, and investing in a variety of investment securities. It funds these lending and investment activities with deposits from the general public, funds generated from operations and selected borrowings. Danversbank also provides non-deposit investment products and services, cash management, debit and credit card products and online banking services. In October 2009, the Company completed the acquisition of Beverly National Corporation, parent of Beverly National Bank.