Cambridge Trust CFO Resigns
Cambridge Trust’s chief financial officer has resigned, according to a regulatory filing by the bank’s parent company, in order to “pursue other career opportunities.”
Personnel File – No. 336
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
Citizens Hires Dozens of Former First Republic Wealth Managers
Citizens Bank scored a significant win in the local battles to capitalize on disruption caused by SVB’s and First Republic’s failures Monday when it announced it had hired about 50 wealth managers who used to work at the latter bank.
Zillow Poll: Most of Boston Metro OK with Adding Density Nearby
A new poll conducted by listings portal Zillow finds many Greater Boston residents back the idea of adding density to their particular neighborhood, including over half who back buildings with up to 10 units.
A Vision for the Future of Public Housing
Former city councilor Kenzie Bok is bringing big ideas and big visions to her new job as the incoming head of the Boston Housing Authority, including a goal to bring around 2,500 new public housing units to the city.
Wu Seeks Members for New Nightlife Committee
Boston is looking for a few good residents, business and civic leaders who are serious about making the city more fun.
Citizens to Park Auto Loan Business
Rhode Island-based regional lender Citizens Bank is getting out of the auto loan business next month.
King Street Plans 90K SF of More Labs in Allston
Its multi-building Allston Labworks development hasn’t even topped out its last building and already life science developer King Street Properties says it wants to add more lab space next door.
CFPB Warns Banks About Chatbots
Chatbots have become vital tools for banks and credit unions trying to offer customers relatively frictionless ways to answer simple questions. But, according to a new CFPB report, those same tools could be putting them at risk of violating federal consumer protection laws.
Cambridge Trust Hires New Head of Wealth Management
A senior vice president at Rockland Trust’s Investment Management Group has jumped ship to head up Cambridge Trust Co.’s wealth management unit.
Digital Banks Offer Faucet for Deposits
Local banks have found their digital banking arms handy tools in the race for deposits now underway. And a new entrant to the state’s banking scene is launching a digital bank that could represent the next wave of innovation in this space.
Two Mass. Lighthouses Among Record Number for Sale
A Falmouth lighthouse and a Plymouth lighthouse are among a number of beacons being disposed of by the federal government throughout New England this spring.
Bank CEOs Sweat Deposits and Talent, CU CEOs Focus on Recession and Data
Core provider Jack Henry surveyed over 100 bank and credit union CEOs from its core customer base during the first quarter.
Investor Homebuyers’ Market Share Holding Steady in Mass.
A new analysis by economists at Realtor.com suggest that even as investors are pulling back from homebuying in large numbers as the prices of homes and loans stay elevated, their market share in Massachusetts’ three biggest metro areas is staying steady. Around...
Biotech Group Predicts 42K New Jobs by 2032
The state’s biggest biotech landlords may be hitting pause on new developments or, in some cases, abandoning projects entirely. But those headlines haven’t dampened enthusiastic predictions from the life science industry’s leading trade group.
JPMorgan to Lay Off 1K First Republic Workers
JPMorgan Chase says it is laying off around 15 percent of First Republic Bank’s roughly 7,200 employees following its acquisition of the troubled bank in a regulator-brokered deal earlier this month.
T, Union Ink Key Deal to Speed Hiring
The nearly 300,000 people who ride the MBTA’s buses every day could be getting some relief from the crowding and unreliable schedules caused by the T’s major staffing shortages.
Citizens Settles CFPB Lawsuit with $9M Penalty
Citizens Bank has agreed to pay federal consumer regulators $9 million to settle claims it didn’t protect credit card-holders during charge disputes and fraud claims.
T Names Veteran Political Operative to Top Comms Job
The MBTA now has its first chief communications officer, a former top aide to Sen. Elizabeth Warren and senior leader at the Boston Public Schools.
JPMorgan Promised First Republic Workers ‘Clarity’ on Jobs By May 31
For any Massachusetts banks hoping to lure away former First Republic workers and their client relationships, it appears that next Wednesday could be the magic day.
