Banking and Lending
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.
Eastern Bank Completes Acquisition of HarborOne
Boston-based Eastern Bank says it has completed its acquisition of Brockton-based HarborOne. The deal was officially closed shortly after midnight on Nov. 1.
Pittsfield Cooperative Bank Names New COO
Pittsfield Cooperative Bank has named a new chief operating officer who’ll be the latest former Berkshire Bank exec to fill a leading role at the bank.
Colonial Federal Savings Bank Acquired by Hometown Financial
Hometown Financial Group has completed its acquisition of Colonial Federal Savings Bank, the holding company’s eighth merger in a decade.
Fiserv Slashes Guidance, Shuffles Leadership After Big Earnings Miss
Fiserv shares careened to their lowest level in more than five years last week after the fintech payment company badly missed Wall Street’s profit targets.
Personnel File – No. 425
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Board Battles Aren’t Just for Big Banks
Eastern Bank executives’ developing battle with an activist investor is throwing the spotlight on the challenges even small bank and credit union executives can run into.
Bluestone Bank Joins with Cape Cod 5
Raynham-based Bluestone Bank is merging its mutual holding company with that of Cape Cod 5 to create an $8.8 billion-asset organization.
Community Good Works
The Sarkis Team, affiliated with residential brokerage Douglas Elliman, recently led a 40-person cleanup of Titus Sparrow Park in Boston’s South End in partnership with a community group. See who else gave back.
Personnel File – No. 424
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
An Engaged Leader Is Honored
Grace Lee has taken over as president and CEO of St. Mary’s Credit Union, but her time leading M&T Bank’s Boston-area unit is producing one last headline: a philanthropic honor from the Boston Arts Academy foundation.
Eastern Bank Responds to Activist Investor Comments
Executive Chair Bob Rivers didn’t directly address HoldCo’s threat of a proxy fight, but touted the bank’s rising share price, earnings, deposit market share and other metrics.
Community Good Works
Leominster-based Fidelity Bank announced it gave $15,000 to three local nonprofits “focused on food insecurity, personal hygiene and veterans outreach programs and services.” See who else gave back.
Jeanne D’Arc CU Inks Partnership with Patriots Player
Jeanne D’Arc Credit Union is working with New England defensive end Keion White to improve financial wellness.
Needham Bank and BankProv Merger Receives Approval
Needham Bank now has official approval for its latest acquisition: Amesbury-based BankProv.
Personnel File – No. 423
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Female Bankers Praise Growing Presence in Mass. C-Suites
Four women have become heads of local banks and credit union so far this year, and female executives say that they have more opportunities than before.
Activist Investor Calls for Eastern Bank Sale
An activist investor has called for Eastern Bank to put itself up for sale and is threatening a proxy fight to install allies on the bank’s board of directors.
BayCoast Offers Loans to Workers Hit by Shutdown
BayCoast Bank has introduced a new program to support active-duty military and essential federal employees impacted by the government shutdown.
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