Citizens Adds Biz Cashflow-Forecasting Product
The new Citizens tool, called Citizens Cash Flow Forecasting, is claimed to help small businesses predict their cash flow up to 12 months in advance.
Last-Minute Inflation Data Could Help Determine Fed’s Timetable for Rate Cuts
The government’s latest snapshot of U.S. inflation will be released Wednesday morning, just before the Fed begins the second day of its policy discussions.
Don’t Discount the English Major
The eye-popping decline in American college students majoring in English is leaving companies bereft of important skills among new hires and eventual potential executives
Relationships for the Long Haul
David Eidle is a relatively new face at Rockland Trust, but a familiar one on the North Shore, where the former M&T Bank executive will lead Rockland Trust’s planned C&I expansion.
Community Good Works
More than Bristol County Savings Bank 300 workers took a day to volunteer at 18 different sites across the bank’s service area, from city parks to YMCA camps and museums. See who else gave back.
Cambridge Savings Bank Hires USAA Payments Exec
Four months after naming a new president and CEO, Cambridge Savings Bank has a new head of consumer and small business banking.
Moddie Turay Is Taking Aim at Barriers for Underrepresented Developers
Housing production can get stuck at almost any stage, be it community input, zoning approval, hiring, material acquisition or construction. Affordable housing financiers are taking aim at a key barrier: accessing capital in the first place.
BankFive Reopens New Bedford Branch After $2.5M Renovation
BankFive’s County Street Branch in New Bedford reopened on May 23 after an extensive renovation.
The Savings Bank Announces New Business Lending Platform
The Savings Bank recently announced the expansion of its banking services through TSB Business Direct, a digital lending platform for small local businesses.
More Women Made List of Top-Paid CEOs in 2023, But Numbers Still Small
More women are attaining the top job at companies in the S&P 500, including a top bank CEO, but their numbers are still minuscule compared to their male counterparts.
Online-Only Banks Experience Decrease in Customer Satisfaction
A recent analysis by J.D. Power reveals an overall decline in customer satisfaction for online-only banks due to issues with customer service and efficient problem resolution, despite high interest rates.
With Refis Pricey, HELOCs Kept Customers Satisfied
Prospective home sellers felt trapped in 2023, but watched their equity hit record levels. That made renovations funded by home equity loan products an attractive option – something Massachusetts’ top loan originators were happy to offer.
‘Anti-Woke’ Hits the ATM: Citibank Faces a Farce of a Lawsuit
The problem, however, is that this lawsuit may pressure financial institutions to rethink their policies and practices meant to be inclusive.
Community Good Works
Fitchburg’s Rollstone Bank gave $10,000 to Ginny’s Helping Hand to help fund food, clothing and other daily basics for people in need in Leominster. See who else gave back.
Mass. Economists Eye Signs of Softening
The economists at MassBenchmarks are taking a more dim view of the state’s economy almost halfway through 2024 and said Thursday that a recent slowdown in growth revives questions of whether the economy is headed for a recession or a soft landing.
Eastern, Cambridge Trust Finally Cleared to Merge
After eight months of waiting, Massachusetts’ biggest bank merger deal in years is slated to go ahead.
A Digital Bank Unlocks Transformation
In just two years, Cambridge Savings Bank’s new digital-only brand Ivy Bank had hauled in over $500 million in deposits. Kevin McGuire is the executive responsible for the technology that made it happen.
Americans Leave a Huge Chunk of Change at Airport Checkpoints
Should the U.S. get rid of pennies, nickels and dimes? The debate has gone on for years. And airports offer an unlikely clue to how much people still use pocket change.
Mortgage Rates Dip Below 7 Percent
The average rate on a 30-year mortgage dipped this week to just below 7 percent for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.
Community Good Works
Somerville-based Naveo Credit Union said it collected “nearly 100” books for children as part of an annual statewide book drive organized by the Cooperative Credit Union Association to benefit homeless children. See who else gave back.
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