Bristol County Savings Bank Promotes Dennis Leahy to COO
Bristol County Savings Bank has promoted Dennis Leahy to first executive vice president and chief operating officer.
Mass. CRE Lending Jumped in Q3, But Banks’ Share Dwindled
According to a new report from CBRE and data from The Warren Group, the commercial real estate market continues to show signs of improvement.
Buyers Want More Sustainable Homes, Zillow Report Says
Zillow’s 2025 “Home Trends” report says homebuyers are increasingly looking for homes with climate-resiliency features.
River Run Announces ‘Pivotal’ New Chief Risk Officer
The mutual holding company for Newburyport Bank and Pentucket Bank has named a new chief risk officer in what it called a “pivotal” appointment.
Three Months in, NAR Settlement’s Opportunities Come into Focus
After the commission settlements landed, some thought the buyer’s agent was an endangered species. But while they must change, experts say, it’s not the whole story.
J.D. Power: Bank Customers Reward Fraud Prevention, Resolution
Bank fraud, if prevented or resolved well, can be as much an opportunity as a source of risk for banks, a new J.D. Power survey shows.
Harvard Researchers Say Immigrants Not to Blame for Home Price Spikes
While immigration has been used as a talking point by some politicians when discussing the United States housing market, research from the Joint Center for Housing Studies at Harvard University shows that price growth predates a recent surge in immigration.
NAR Profile of Homebuyers and Sellers Illustrates Affordability Issues
The number of first-time homebuyers dropped to the lowest historical share since NAR data collection began in 1981.
Boston Sees Home Ownership Rate Outpace Renter Rate
While across the country the number of renters is outpacing the number of homeowners, Greater Boston is headed in a different direction.
Eastern Bank Names New Head of Consumer Banking
Kimberly Dee was named executive vice president and head of consumer banking after two decades at Citizens.
MVCU Names New Vice President
Ahead of its name change to BrightBridge Credit Union, the soon-to-be-former Merrimack Valley Credit Union has named a new vice president.
CDs Were the Bedrock of Banks’ Deposit-Gathering. What Now?
As interest rates are on the decline, banks will face a new challenge as they look to maintain deposits or attract new customers.
1 in 5 Boston Apartments Still Rent for Less than $1K
Still, the share of renter households that pay under $1,000 in monthly rent is at an all-time low according to a new report from Redfin.
Business Conditions in Mass. Favorable Headed into Fall
A pair of new surveys of local companies show business conditions in Massachusetts are favorable headed into the final quarter of the year.
Small Biz Customers Increasingly Satisfied with Bank Service
Small business banking customers are increasingly satisfied with the service they are receiving from banks and are confident that banks can meet their future needs.
NBT Bank Sees Income and Deposit Growth in Third Quarter
NBT Bank made both deposit and income gains in the third quarter of 2024, partially a result of the acquisition of Western Massachusetts’ Salisbury Bank.
FHLB Boston Earnings Show Asset Increase as Bank Launches New Rate Product
While interest rate shifts saw income decrease, Federal Home Loan Bank of Boston saw its assets increase in the third quarter of 2024.
The $28B Merger That’s Not About Scale
Once DCU and California-based First Tech Credit Union join up, the combined entity will be one of the five or six biggest credit unions in the nation. But to its future president and CEO, Shruti Miyashiro, this deal wasn’t about chasing size.
Climate Change Is Moving Faster than Flood Insurance, Forcing Mass. Banks to Adapt
Worsening extreme weather, linked to climate change, is bringing catastrophic flooding to homes that have never seen it before, and it’s putting financial institutions risk of serious losses.
Eastern Bank Outperforms Merger Expectations
In its third-quarter earnings call, Eastern Bank highlighted how it had outperformed merger expectations now that the Cambridge Trust merger is in the rearview mirror.
