Eastern Bank Completes Acquisition of HarborOne
Boston-based Eastern Bank says it has completed its acquisition of Brockton-based HarborOne. The deal was officially closed shortly after midnight on Nov. 1.
Pittsfield Cooperative Bank Names New COO
Pittsfield Cooperative Bank has named a new chief operating officer who’ll be the latest former Berkshire Bank exec to fill a leading role at the bank.
Colonial Federal Savings Bank Acquired by Hometown Financial
Hometown Financial Group has completed its acquisition of Colonial Federal Savings Bank, the holding company’s eighth merger in a decade.
Board Battles Aren’t Just for Big Banks
Eastern Bank executives’ developing battle with an activist investor is throwing the spotlight on the challenges even small bank and credit union executives can run into.
Greater Boston Housing Turnover Rate Falls Further
One measure of Massachusetts’ housing affordability crisis: Homeowners in its biggest metro area won’t – or can’t – move.
Massachusetts’ Luxury Markets Buck National Price Trends
Massachusetts is home to some of the most expensive luxury markets in America, according to new reports – and they’re getting more expensive.
New Data Shows How Infrequently Mass. Moves
Massachusetts residents move homes at very low rates thanks to the state’s high housing prices, according to a new analysis.
MA Housing Inventory Split By Property Type
Massachusetts’ housing inventory is headed in two different directions according to the latest statistics from the Massachusetts Association of Realtors.
Months After Legalization, Building ADUs Remains Costly
Accessory dwelling units were legalized statewide almost nine months ago. But don’t think you can just waltz into most Town Halls and pick up your building permit.
An Engaged Leader Is Honored
Grace Lee has taken over as president and CEO of St. Mary’s Credit Union, but her time leading M&T Bank’s Boston-area unit is producing one last headline: a philanthropic honor from the Boston Arts Academy foundation.
Eastern Bank Responds to Activist Investor Comments
Executive Chair Bob Rivers didn’t directly address HoldCo’s threat of a proxy fight, but touted the bank’s rising share price, earnings, deposit market share and other metrics.
Jeanne D’Arc CU Inks Partnership with Patriots Player
Jeanne D’Arc Credit Union is working with New England defensive end Keion White to improve financial wellness.
Cancelled Home-Sale Contracts Uncommon in Boston
The low levels come despite a weakening local economy and concerns about two of the region’s major industries.
Needham Bank and BankProv Merger Receives Approval
Needham Bank now has official approval for its latest acquisition: Amesbury-based BankProv.
Mass. Condo, Single-Family Sales Jumped in September
Buyers of condos and single-family houses came out of hiding as the fall market opened, with sizable increases in the number of units sold.
Home-Sellers’ Profit Margins in New England Vary
Home-sellers’ profit margins in Greater Boston were down from 81.8 percent in the third quarter of 2024 to 70 percent during the third quarter of this year.
Female Bankers Praise Growing Presence in Mass. C-Suites
Four women have become heads of local banks and credit union so far this year, and female executives say that they have more opportunities than before.
Activist Investor Calls for Eastern Bank Sale
An activist investor has called for Eastern Bank to put itself up for sale and is threatening a proxy fight to install allies on the bank’s board of directors.
Boston Landlords Forced into Concessions in September
Massachusetts’ rental markets continue to see rent growth, but depending on the location of the units, landlords are being forced to make concessions.
Remodeling Activity Stunted Due to Economic Uncertainty
Economic uncertainty is making it difficult for remodeling activity to grow, according to a new report from Harvard’s Joint Center for Housing Studies.
