In Tariff War, Mass. Banks Could Lose
The Trump administration’s back-and-forth tariff policy is engendering skepticism from local financial institutions at the same time it appears to be scaring consumers and local businesses.
Winchester Savings Converting to Mutual Holding Company
According to Securities and Exchange Commission documents on March 20, Winchester Savings Bank will be converting to a mutual holding company structure and has begun a community offering.
Local Bankers Optimistic After Fed Moves Wednesday
While the Federal Reserve held fast despite jitters that have gripped the national economy in recent weeks, local bankers are remaining optimistic about the potential for lower interest rates this year.
Local Bank Employees Named Rising Mortgage Stars
Aidan Sullivan, secondary market analyst at The Cooperative Bank of Cape Cod, has been named the 2024 “Rising Star of the Year” by the Massachusetts Mortgage Bankers Association.
Sales Activity Picked Up In February
Sales activity increased in February, a possible indicator that buyers may indeed be coming off the sidelines even as the number of homes coming onto the market shrank further.
New England Continues to See Inventory Drop
Heading into the spring home-sales market, inventory in New England’s biggest metro areas had fallen even further behind last year.
Bank Marketing Beyond Interest Rates
Last year’s hope for lower cost of deposits may have given way to uncertainty, but banks are still looking for ways to compete beyond the interest rate they offer.
$1T Worth of Boston Homes in Danger of Wind Damage
It’s not just flooding you have to worry about: Huge numbers of Boston-area homes could be damaged by high winds in storms made worse by climate change.
Leader Bank Announces Expanded Partnership With Blend
Leader Bank announced it’s buying more services from Blend, a fintech that sells a residential loan origination platform.
What Impact Will Blockbuster Rocket-Redfin Deal Have on Mass.?
The Detroit-based mortgage company said this week it plans to buy brokerage and listings portal Redfin in an all-stock transaction valued at $1.75 billion.
New Data Shows Rise of Boston’s ‘Rich Renters’
Boston is among the many U.S. metropolitan areas that have seen wealthy renters take up a bigger piece of the rental-market in recent years.
Two Mass. Housing Markets Named to List of Hottest 10
Massachusetts had three markets in a ranking of “hottest markets” measured by median days on market.
Building on the Work of a ‘Giant’
Hometown Financial Group has a new chief financial officer after it landed Reed Whitman, formerly the treasurer of Brookline Bancorp, itself a multi-bank holding company.
With Reserves High, Will Banks Return to CRE Lending Market?
Local bankers say they’re in a much stronger position to deal with risk in their commercial real estate loan portfolios.
Shant Banosian Is Rate’s New President, But He’ll Still Lead His Team
Banosian originated over $1 billion in mortgage volume last year, mostly in Massachusetts, making him the top loan officer in the country.
Workers Credit Union Adds Former DCU VP
Workers Credit Union has a new chief information officer who left Marlborough-based DCU to join the Littleton-based credit union.
Citizens Bank Names New Head of Consumer Banking
Matt Boss was most recently executive vice president and head of U.S. consumer banking at TD Bank.
Mass. Banks Growing CRE Market Share
In a year that saw banks take up a larger chunk of the commercial real estate lending pool, local and regional banks were among the top local CRE lenders.
Canceled Pending Home Sales on the Rise, But Boston Still Below Record
The share of buyers backing out of pending home sales nationwide has hit a new record, according to a new report from Redfin, but in the Greater Boston the trend isn’t nearly so pronounced.
Webster Five Names New COO
Kate Gallo Megraw will take up the COO post effective March 3. She previously was the Auburn-based bank’s chief information officer and will continue in that role.
