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Mary Mansfield

Board Chair



Director: Region 1
Election Year: 2015
Term Expiration: 2017
Mary Mansfield is the Executive Vice President with Bay Colony Development Corp., in Waltham, MA.  She oversees the day to day operations, and manages the Closing Department for Bay Colony, which is one of the top CDCs in the region, with a portfolio of just under 600 active SBA-504 loans.    Mary started her career with Bay Colony in 1985, initially working in the Servicing Dept.  At that time the company had three employees and has now grown to thirteen.  Bay Colony operates in Massachusetts and select counties in Rhode Island, New Hampshire, Vermont and Connecticut.  

In addition to her responsibilities at Bay Colony, Mary is the Chair for NADCO, the industry’s trade association.  Mary served on numerous NADCO committees over the years, including SLPC, Servicing, Liquidation, OCRM, Reinvigoration and Annual Meeting, and taught the Intro to 504 and 504 Loan Closing Courses for NADCO.  

Mary is a graduate of Assumption College in Worcester, MA and is also a licensed real estate broker.  She lives in Northbridge with her husband, dogs and horses. 


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