Boston Home Sales Are Falling Through. Don’t (Only) Blame Interest Rates
Mortgage rate jumps aren’t the only thing forcing Boston-area homebuyers to cancel sales contracts. It’s also because those buyers have more power.
The CRA Needs True Modernization. It Doesn’t Need to Be Weakened
Leaders at the OCC and FDIC haven’t done their homework before trying to change foundational banking rules. We invite them to join us and hear what’s really going on.
M&T Earnings Highlight Rate Pressure in Third Quarter
M&T Bank executives remained positive headed into the end of the year, but highlighted the pressure the recent Federal Reserve rate hike had on its ability for growth.
Megabanks Post Strong Q3 Earnings, But Warn Inflation Could Bite
Wall Street’s biggest banks reported another strong quarter this week, as consumers keep paying their bills and businesses invest heavily in AI.
Former Bruins Goaltender Tuukka Rask Becomes Workers CU Spokesperson
Both Tuukka Rask and the credit union have ties to Finland: The goaltender grew up there, while the credit union was founded by Finnish immigrants in 1914.
Chase to Increase Donations in Boston Market
JPMorgan Chase has committed to making $3.5 million in new donations to organizations across Greater Boston and will increase its small business banking staff in the market.
First Responders CU Hits $470M with Lynn Acquisition
Boston-based First Responders Credit Union announced that it has acquired Lynn Firemen’s Federal Credit Union.
A New CEO for River Run
Sujata Yadav is bringing what she calls an “almost a 360-degree view” of banking acquired at regional and international lenders to three mutual banks at River Run Bancorp.
Leader Bank Opens Andover Branch
Leader Bank has officially opened a branch in Andover, one of three it’s opening across the state in three months.
Needham Bank Introduces ‘Dementia-Friendly’ Banking Hours
Needham Bank will introduce dedicated “dementia-friendly” banking hours at its Natick branch beginning on Oct. 17.
Workers Credit Union Becomes First-Ever UMass Lowell Jersey Sponsor
Workers Credit Union has become the first-ever jersey sponsor for UMASS Lowell athletics.
Survey: Mass. Biz Torn Between Growing Economy, Rising Costs
Business confidence ticked upwards among Massachusetts employers in September but sentiment remained in negative territory.
Rockland Trust Finances Pennrose Development in Lenox
An affordable housing development in the Berkshires is getting underway across the street from its sibling development that opened earlier this year.
Personnel File – No. 459
From new VPs to fresh project managers, see who’s been hired, promoted and honored in the Massachusetts real estate and banking industries.
Metro Credit Union Promotes COO
Metro Credit Union has promoted Traci Michel to executive vice president. Michel was previously the chief operating officer and chief strategy officer of the institution.
Beacon Bank Renovates Branches
Beacon Bank has renovated nine branches in Berkshire County, part of a multi-million-dollar project, according to the bank.
St. Mary’s Credit Union Names Ex-HarborOne Exec New President and CEO
St. Mary’s Credit Union has its third new leader in less than a year as President and CEO Jim Petkewich retires.
Jeanne D’Arc Credit Union Adds Investment Capabilities
The Lowell-based credit union is working with InvestFi to allow customers to directly make investments from their accounts.
Personnel File – No. 458
From new VPs to fresh project managers, see who’s been hired, promoted and honored in the Massachusetts real estate and banking industries.
Changing Interest Rate Expectations Put Pressure on Mass. Banks
With interest rates rising for the first time in three years and long-term bond yields on the rise, Massachusetts banks have to sort out a trio of problems.
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