Under the Hood of PeoplesBank’s Innovation Engine
PeoplesBank is not looking to be your average community bank, says Chief Operating Officer Aleda DeMaria. She’s charged with leading to digital innovations to make that happen.
The Village Bank Picks Retailer for Pop-Up Space in Wellesley Branch
The Village Bank has selected local children’s clothing retailer Piper&Cloth to fill the pop-up retail space inside its new Wellesley branch.
Community Good Works
Bristol County Savings Bank, based in Taunton, said it gave $50,000 to the Old Colony History Museum to renovate the museum’s grounds in Taunton. See who else gave back.
Post-Acquisition, Needham Bank Reports $2B Boost to Gross Loans
With its purchase of BankProv now completed, Needham Bank says its loan book has grown substantially.
Surtax Supporters Say Haul Shows Wealthy Are Staying in Mass.
Revenue generated from the state surtax on wealthier households was up more than 13 percent last budget year, totaling more than $3.38 billion, the Department of Revenue reported this week.
Personnel File – No. 451
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Why Hometown Financial Broke from Mutual Bank Path
One of Massachusetts’ largest mutual bank holding companies is switching to a stock institution, highlighting a philosophical divide among industry leaders about the best way to grow and succeed.
Rockland Trust Hopeful Loan Pipeline Boosts Portfolio Quality
Rockland Trust executives say they’re hopeful that its commercial real estate pipeline will boost the quality of the bank’s portfolio.
Grace Lee Returns to M&T Bank
The former head of M&T Bank’s Massachusetts operations is back at the bank after a brief stint as CEO of a Framingham credit union.
Downtown Worcester Housing Conversion, Five Others Land HDIP Money
The Menkiti Group’s anticipated 48-unit residential conversion in downtown Worcester landed $3.16 million in state tax credits last week.
BayCoast Bank Opens New Branch in Newport, Rhode Island
BayCoast Bank has opened its newest branch, located at 137 Broadway in Newport, Rhode Island.
Momentum Fund Adds 192 Units to Boston-Area Pipeline
The state is assigning $15 million more from its Momentum Fund to three mixed-income housing developments that will create 192 new apartments.
Personnel File – No. 450
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
The Sky’s the Limit for UniBank’s Marketing
From traditional billboards to attention-grabbing actions like gas giveaways and flying a banner over World Cup games in Foxboro, Keith Lippert is on the hunt for high-impact ways to market UniBank.
Community Good Works
MountainOne Bank said it’s giving $50,000 over five years to Quincy College to fund student scholarships. See who else gave back recently.
Mass. AG Secures Over $700K for Residents in Cash App Lawsuit
Massachusetts Attorney General Andrea Campbell secured $730,000 for the state’s residents in a $45 million multi-state settlement with Block Inc., which owns Cash App.
Webster First Launches P2P Payments
Webster First Federal Credit Union customers can now utilize peer-to-peer payments after the credit union signed a deal with core provider Jack Henry.
Pioneer Valley CU Adopts AI Tech to Reach More Borrowers
Pioneer Valley Credit Union is utilizing artificial intelligence technology from Scienaptic AI to aid the credit union’s lending process.
Hometown Financial Plans Stock Conversion, Purchase of NH Bank
The state’s second-biggest mutual holding company, Hometown Financial Group, Inc., says it’s converting to a stock bank as part of a deal to buy New Hampshire-based Primary Bank.
Personnel File – No. 449
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
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