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.
Zillow Expands Renter Credit-Building Service
A new deal with software company Esusu will let Zillow offer renters direct-to-consumer credit reporting.
BayCoast Offers Loans to Workers Hit by Shutdown
BayCoast Bank has introduced a new program to support active-duty military and essential federal employees impacted by the government shutdown.
Bay State’s Boomers Face Plenty of Reasons Not to Sell
Scratch the surface of statistics about how many Baby Boomers plan to age in place, and you’ll find a wealth of constraints that shape their housing choices.
Timing a Rebrand, and a Handoff
After 104 years, The Cooperative Bank of Cape Cod has rebranded to Cape & Coast Bank. But as it adopts a new name, the bank is saying goodbye to longtime CEO Lisa Oliver.
Mass. Foreclosure Levels Drop Compared to Rest of Country
As foreclosure activity is picking up across the nation, the same can’t be said in New England.
Community Credit Union to Merge into Rockland Federal CU
Rockland Federal Credit Union has entered an agreement to absorb Community Credit Union of Lynn, creating a $3.6 billion-asset lender with 200,000 members.
Gibson Sotheby’s Buys Advisors Living Brokerage
Boston-based Gibson Sotheby’s International Realty announced it has acquired Advisors Living, a suburban luxury-focused brokerage with 200 agents.
All-Cash Home Sales Post Modest Decline in Mass.
While 1 in 4 homes in Massachusetts were bought with cash in the first half of this year, these types of deals are on the decline – slightly.
MassDevelopment and BankFive Finance $11M Hyannis Housing
MassDevelopment and BankFive have provided an $11 million loan to a development team planning 45 mixed-income apartments in Hyannis.
