Personnel File – No. 274
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
M&T, People’s United Extend Merger Deadline to Spring
With M&T Bank and People’s United Bank still waiting for federal regulatory approval one year after announcing merger plans, the banks have extended their merger agreement for another three months.
Citizens Completes HSBC Branch, Digital Bank Acquisition
Providence-based Citizens Financial Group Inc. has completed the acquisition of 80 HSBC Bank U.S.A.’s East Coast branches and HSBC’s national online deposit business.
The Last Tenement Is Looking for Some New Residents
Renters with an appreciation of neighborhood history have a chance to live in a remnant of Boston’s pre-urban renewal West End.
Zoning Board Vetoes Child’s New Treehouse
A New Hampshire zoning board of appeals has been called in to rule on a dispute over a treehouse in the tony seaside city of Portsmouth.
COVID Response, Child Care Anchor Baker’s $2.4 Bil Spending Bill
With tax collections running nearly $1.5 billion ahead of expectations, Gov. Charlie Baker filed a spending bill on Friday that seeks to spend $1.6 billion in state funds to keep COVID-19 response efforts going and to invest in stressed sectors, like child care and human services.
Eli Lilly Picks Seaport Development for $700M Research Institute
A high-profile development site on Boston’s Fort Point Channel will become the home of a new $700 million Eli Lilly and Co. life science research institute.
Metro Credit Union Opens 16th Branch
Chelsea-based Metro Credit Union has opened its second branch in Peabody, its 16th branch overall.
Colonial Federal Saw Fourth Quarter Earnings Increase 8 Percent
In its first quarterly earnings statement since partially converting to a stock bank, Quincy-based Colonial Federal Savings Bank reported fourth quarter earnings of $234,000, an 8 percent increase over the fourth quarter of 2020.
US2 Pitches 380K SF Lab Building in Somerville
Union Square master developer US2 is seeking approval for its second life science building in the transforming Somerville neighborhood.
Feeny to Chair Financial Services Committee, Crighton Moves to Transit
With a new member in their midst, state senators voted to rejigger leadership of six Beacon Hill committees.
Former T Leaders Say Housing Must Enter into Transit Plans
Changes wrought by the pandemic mean Massachusetts needs to plan much more holistically for its transportation and housing needs, two former MBTA board members told an audience of businesspeople yesterday.
Nine Teams Seek Seaport Housing Development Rights
Life science developers have snatched up most of the recent available properties in Boston’s Seaport District, but a publicly-owned parcel that’s been designated for workforce housing is receiving a strong round of interest.
Alltrust and Align Credit Unions Plan to Merge
Two credit unions on opposite ends of Eastern Massachusetts plan to merge, giving the state another $1 billion credit union.
Rollstone Bank & Trust Buys Leominster Building for Wealth Headquarters
Fitchburg-based Rollstone Bank & Trust has purchased a building in Leominster that will become headquarters for the bank’s wealth management division.
Construction Materials Costs Soared 20 Percent in One Year
It now costs about 20 percent more to build a commercial building in the United States than it did a year ago, according to an analysis of government data by a major construction trade group.
Plant-Based Startup Leases Fermentation Plant in Northborough
A Boston-based startup developing improvements to plant-based foods leased a former biomanufacturing facility in Northborough for three new pilot production plants.
Lynnfield Real Estate Investor Sentenced in College Bribery Scandal
A Boston-area executive convicted of trying to bribe his three children’s way into elite universities was sentenced to serve 15 months in federal prison on Wednesday, the longest sentence so far handed down in the sprawling college admissions bribery scandal.
Wu Restarts Downtown Harbor Plan Process
Opponents of a proposed downtown Boston tower cheered Mayor Michelle Wu’s decision to relaunch a contentious waterfront zoning process Wednesday, but the building’s developer warned that “immediate further cooperation” was needed to make sure the resulting plan was able to protect the city from floods.
Eastern Bank Commits to 500 ONE Mortgage Affordable Loans
Eastern Bank has agreed to increase its participation in the ONE Mortgage affordable homeownership lending program over a five-year period, doubling its annual loan production.
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