Brookline Bancorp Completes PCSB Bank Acquisition
The parent company of Brookline Bank has completed its acquisition of New York-based PCSB Bank, giving the company its first bank outside the eastern part of New England.
Don’t Ditch Downtown Offices
Soon-to-be-Gov. Maura Healey should take a hard look at her predecessor’s plans to dramatically downsize the state’s office footprint in downtown Boston just when the neighborhood is sailing into stormy seas.
Mass. Has Reasons for Optimism in 2023
The ebb and flow of real estate isn’t the only factor to consider. Employer confidence is on the rise, with local business leaders expressing enthusiasm about their position and prospects.
Jan 2, 2023
Community Good Works
East Hartford, Connecticut-based American Eagle Financial Credit Union delivered gift baskets with complimentary tickets for 2022 Bright Nights at Forest Park in Springfield to staff and families staying at Ronald McDonald House of Springfield and pediatric patients and care staff at Baystate Children’s Hospital.
Mortgage Servicing Company Settles With AG’s Office
A South Carolina-based mortgage servicing company has agreed to settle with the Massachusetts attorney general over allegations that the company did not follow state requirements to help homeowners avoid foreclosure.
Personnel File – No. 317
Who’s on the move? See the latest promotions and hirings in Banker & Tradesman’s weekly Personnel File.
Michelle Wu’s High-Wire Act
Will Boston’s mayor kill the city’s golden goose? That’s the question on the lips of many in the development community as Michelle Wu lays out her proposals to increase development fees and affordable housing requirements.
There’s a Better Way to Regulate Climate-Related Risk
Regulators and politicians must recognize the complex nature of climate-related risk and develop rules as a series of steps, not aim for perfect regulations from day one.
Erasing Redlining’s Legacy Through Multifamily Development
Multifamily housing is vital to expanding upon the diversification of a community, local economy and environment. And following years of racial inequities, cities across the U.S. are working to make progress in their diversity, equity and inclusion strategies.
Congress Condemns PPP Fintechs for Fraud and Mismanagement
An investigation highlights that four prominent fintech companies were nothing more than loan approval factories that lacked the resources and the acumen to detect fraud.
Designing Multifamily as a Modern Village
Great design can transform lives. One way to pursue this is through thoughtfully designed urban multifamily properties – they have the ability to begin to act like a modern village, tapping into an inherent vibrancy and deeper ideas around sustainability.
Letter to the Editor: Wu Just Did Suburbs a Favor
A dramatic hike in Boston’s linkage fees for all types of new commercial projects, with a big penalty aimed at biolabs will benefit Boston’s neighbors.
Signs of Relief for Construction Costs in 2023
At the close of 2022, statistics on the performance of the Boston metro area multifamily housing market in the first three quarters are in, along with predictions for what’s to come next year.
Dec. 26, 2022
Development Strategies for an Impending Housing Crisis
A planned 70-unit active adult community in Northampton is designed to make the math work for cash-poor seniors seeking to downsize and sell their homes.
Rockland Trust Provides Financing for Danvers Development
The North Shore town is in line to get 145 new, luxury apartments after the bank provided a $44 million construction financing package.
MBA Sees ‘Pockets of Weakness’ in Forbearance Data
While the number of homeowners in forbearance remained unchanged last month, the Mortgage Bankers Association said it saw signs of weakness in November’s data.
Survey: National Banks See Customer Satisfaction Drop
Customer satisfaction at the nation’s largest banks has declined, with customers younger than age 40 driving lower satisfaction.
Personnel File – No. 316
Who’s on the move? See the latest promotions, new hires and awardees: It’s The Personnel File.
