Beacon Hill Floats Dueling Broker Fee Ban Proposals
Gov. Maura Healey has put political capital behind eliminating apartment broker fees, but state legislators have backed two wildly different ways to make that happen.
MassHousing Provides Funding for First-Time Homebuyer Condos
MassHousing has provided $9.9 million in CommonWealth Builder financing for the development of 30 new condominiums for purchase by moderate-income, first-time homebuyers.
The Savings Bank Hires Ex-Metro Credit Union VP
Jason Truong has joined The Savings Bank as its newest vice president and commercial banking officer.
Innovation, Improving Market Helped LOs Take Home Gold
Massachusetts’ top loan originators did battle with high interest rates in 2024, but they still found ways to succeed.
Bank of Canton Promotes New President and CEO-Elect
Bank of Canton’s board of directors has unanimously approved the promotions of three executive officers, including Michael F. Lindberg to president and CEO-elect.
Rockland Trust to Keep Presence in Lowell Post-Merger, Despite new HQ
While Rockland Trust is planning to move to a new, larger corporate headquarters at the same time it’s seeking approval to buy Enterprise Bank, the bank says it will be maintaining an office in Lowell after the merger.
Rockland Trust Consolidates HQ in Ex-Biotech Office
Rockland Trust will be moving its corporate headquarters back to Rockland, the South Shore town where it was first formed.
Boston Median Monthly Mortgage Payment Ticks Upwards
While monthly mortgage payments are declining in 12 of the 50 most populous U.S. metro areas, Boston is continuing to see the median monthly mortgage payment increase, according to a new report from Redfin.
Brookline Bank Opening New Branch in Lawrence
The branch will serve Lawrence, Andover and North Andover with deposit, lending and wealth management services.
River Run Announces New Chief Banking Officer
Karen Murphy comes to the bank from Lowell-based Enterprise Bank, where she was director of branch administration.
Eastern Bank Shifts Securities Portfolio
In its first-quarter earnings call, Eastern Bank executives reported they had repositioned the bank’s securities portfolio to begin the year.
BankFive Remodels Corporate Office
BankFive has unveiled its recently renovated main office, located on Main Street in Fall River. The renovation comes as the institution celebrates its 170th anniversary.
A Regulatory Navigator with an Inside Perspective
After over four years as an executive at the Federal Reserve Bank of Boston, Daniel Hartman has joined the private sector at law firm Nutter, where he’s helping local banks make sense of the Fed’s regulatory moves.
It’s a Messy Market for Mass. CRE Lenders
Delinquent loans are ticking down, but the volume of charged-off loans is rising and economic uncertainty has made some banks and borrowers hit “pause.” Welcome to the 2025 commercial real estate lending market.
Brookline Bank Continues to Shrink CRE Portfolio
Brookline Bank’s parent company continued to pull back its commercial real estate lending portfolio in the first quarter.
Berkshire Bank Sees Net Income Growth to Start 2025
Even with some economic turmoil to start the year, Berkshire Bank had a successful first quarter, seeing deposit and income growth.
Ex-COO to Replace Longitme CEO of Cape Cod Realtors
The Cape Cod and Islands Association of Realtors announced Wednesday that it’s named Betsy Hanson its new CEO. She replaces Ryan Castle, who led the trade group and its MLS for 11 years.
Reading Cooperative Bank Merger Given Green Light
The merger of Reading Cooperative Bank and Wakefield Co-operative Bank has been approved by regulators and will officially close on May 1, the two banks announced Tuesday.
Avidia Bank Plans to Convert to Stock Ownership
A MetroWest bank that came to prominence for its digital-forward thinking is taking a step to raise millions in cash – and potentially make it easier to acquire other banks.
Can Good Service Help in Uncertain Economic Times?
The economy might be searching for stability as it rides President Donald Trump’s tariff rollercoaster, but bank consumers are growing increasingly satisfied with their financial institution.
