ambitious goals. Our partnership with The Preserve Sporting Club & Residences is a powerful example of how strategic financing and personalized support can help bring a bold vision to life.
Led by Chairman Paul Mihalides, The Preserve has grown into one of the most unique destination clubs in the country—combining luxury amenities, outdoor recreation, and environmental stewardship across thousands of acres of preserved land.
Building a One-of-a-Kind Sporting Club
Spanning more than 3,500 acres, The Preserve is a four-season sporting club designed to offer something for everyone—from families with young children to grandparents looking to enjoy the outdoors together.
The club has been recognized by publications such as Forbes, Fortune, Condé Nast Traveler, and Travel + Leisure as one of the most amenity-rich clubs in the country.
But for Mihalides, the vision was always about more than luxury amenities.
“I wanted to build the club of clubs for families—from children to grandma and grandpa—something for everybody.”
Equally important is The Preserve’s commitment to sustainability. The property operates with a minimal carbon footprint, preserving the vast majority of its land as open space while supporting conservation-focused initiatives.
Choosing a Bank That Could Grow Alongside the Vision
As The Preserve expanded, Mihalides knew he needed a financial partner capable of supporting long-term growth and complex development.
That partner became Needham Bank.
From the beginning, Needham Bank worked closely with The Preserve to understand its vision, offering strategic guidance and flexible financing solutions that helped bring new infrastructure, homes, and amenities to life.
“I wanted to choose a bank that could grow with me. That’s why we chose Needham. They’ve been able to meet all of our needs and all of our expectations.”
Through a combination of commercial lending, construction financing, and tailored business banking services, Needham Bank helped support the club’s rapid development while providing ongoing financial guidance.
A True Banking Partnership
For Mihalides, the relationship with Needham Bank goes far beyond transactions.
He describes the experience as having a dedicated banking team that works closely with his business to find opportunities for efficiency, growth, and long-term success.
“I feel like I have my own personal banking team. Everyone goes out of their way to help us succeed. They go above and beyond and actually provide solutions that a real partner would provide.”
Paul Mihalides, Chairman
This collaborative approach is a hallmark of Needham Bank’s commercial banking model, where businesses benefit from direct access to experienced bankers who understand their industry and goals.
Fueling Remarkable Growth
The results of this partnership have been significant.
When Needham Bank first began working with The Preserve, the club had roughly 100 members. Today, it has more than 1,000 members, representing over tenfold growth.
Financing provided by Needham Bank helped support:
- Infrastructure development across the property
- Construction of luxury residences
- Expansion of amenities and recreational offerings
- Long-term growth planning for the club
“My business has grown exponentially as a result of the dollars they’ve given me for infrastructure, the homes we’ve sold, and the amenities we’ve been able to create.” Paul Mihalides, Chairman
This growth has helped transform The Preserve into one of the premier destination sporting clubs in the United States.
Helping Businesses Achieve Big Visions
Every successful business has a vision—but bringing that vision to life requires the right financial partner.
Through personalized guidance and flexible financing, Needham Bank supports businesses at every stage of growth with services such as:
- Commercial lending and financing
- Construction and development loans
- Business checking accounts
- Cash management solutions
By building long-term relationships with clients like The Preserve, Needham Bank helps businesses expand, innovate, and make a lasting impact in their communities.
Looking for a banking partner that understands your business goals?
Explore Needham Bank’s commercial banking and business financing solutions to see how we can support your growth.
