MountainOne-Mechanics Cooperative Merger OK’d
North Adams-based MountainOne Bank and Taunton-based Mechanics Cooperative Bank have received all regulatory approvals required to complete the merger of their mutual holding companies.
Members Approve BrightBridge Credit Union and Arrha Credit Union Merger
The members of BrightBridge Credit Union and Arrha Credit Union voted in favor of merging following separate member votes at each credit union’s corporate headquarters.
Feds Boost Mass. Conforming Loan Limit to $832K
The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices.
Webster First Names First-Ever Chief Human Resources Officer
Erin Jansky was recently promoted to the position after joining the credit union in October 2024
Healey Includes Financial Literacy in Proposed State Graduation Standards
Financial literacy programs would be required in every Massachusetts public school system under a statewide graduation standards framework Gov. Maura Healey proposed Monday.
Allston Yards Apartments Get $90M Financing Deal
After beginning lease-up in mid-2024, the first residential tower at the Allston Yards development received $90 million in financing last week from Pacific Life Insurance Co.
CRE Lending Pullback on Horizon?
Anxiety about an economic downturn is everywhere this fall. And if one hits, expect both traditional financial institutions and private lenders to take a step back from commercial real estate.
Mutual Holding Company Deals Hit Milestone
With its pending acquisition of Bluestone Bank, Mutual Bancorp will become the largest mutual holding company in Massachusetts but is operating in a relatively unique way under CEO Matthew Burke.
Community Good Works
Bristol County Savings Bank announced its foundation was making a $25,000 grant to support the “revival” of the library at New Bedford’s Alfred J. Gomes Elementary School. See who else gave back.
Fed Releases New Guidance for Bank Oversight
The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor.
BankProv Branches to Rebrand as Needham Bank Completes Merger
Needham Bank and BankProv announced that the merger of their mutual holding companies has been completed.
Personnel File – No. 427
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Community Good Works
Banks took the Trump administration’s cuts to federal food aid programs during the government shutdown as a signal to step up their giving to food pantries: $270,000 alone in direct response to the cuts. See who else gave back.
Salem Five Launches Private Banking Team with Ex-Enterprise Banker
Count Salem Five among the local banks now looking to high-touch, always-on customer service to generate more revenue from their best clients.
Greenfield Savings Bank VP Charged in Child Exploitation Investigation
A vice president at Greenfield Savings Bank has been charged as part of a State Police sting operation targeting child sexual exploitation.
Fidelity Bank Adds Community Banking Director
Fidelity Bank has appointed Thomas Galvani as director of community banking for the Leominster-based institution.
Personnel File – No. 426
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
A Digital and a Physical Footprint
Cambridge Savings Bank President and CEO Ryan Bailey says the bank will evaluate opportunities to grow its presence in the state, whether through more branch openings or merger and acquisition activity.
BayCoast Bank Finances Veterans Association HQ
BayCoast Bank says it’s provided financing that has allowed the Veterans Association of Bristol County to purchase the Tuscan Building, located at 145 Globe St. in Fall River.
Survey: Mass. Biz Confidence Stuck in Longest Rut Since COVID
Nearly a year into the second Trump administration, Democrats atop Beacon Hill are not the only ones unable to shake a sense of economic agita.
This Week’s Newspaper
