Banking and Lending
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.
Bluestone Bank Joins Mutual Bancorp Holding Company
Bluestone Bank has officially joined Mutual Bancorp, the now-$8.4 billion mutual holding company for Cape Cod 5 and Fidelity Bank.
St. Mary’s CU, MetroWest FCU Complete Merger
St.Mary’s Credit Union and MetroWest Community Federal Credit Union have officially combined to create a $1.15 billion credit union.
Needham Bank Expansion into New Hampshire Continues
Needham Bank has opened a new location in New Hampshire as it, like several of its peer Massachusetts institutions, looks for growth to the north.
Personnel File – No. 448
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Chase to Double ‘Community Center’ Expanded Branches
Chase Bank says it’s expanding the number of its bulked-up branches designed to teach financial literacy and support small businesses in underserved communities.
Community Good Works
Commonwealth Real Estate announced it raised $144,000 to support children diagnosed with cancer at an annual fundraiser. See who else gave back.
Eastern Bank Hires CRE Lender from Chase
Eastern Bank has hired Paul Davis as one of its new commercial real estate relationship managers.
Former GFA FCU CFO Headed to NY Credit Union
Channing Harwood is joining New York-based Sunmark Credit Union as the institution’s new chief financial officer.
Personnel File No. 447
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Stepping Up Once Again
Jim Petkewich started 2024 as the EVP and COO of St. Mary’s Credit Union, then served as interim president and CEO until the credit union hired Grace Lee. Now he’s back in the CEO seat after less than a year
Aging CEOs Create Multi-Faceted Next Generation of Leaders
As the age of bank chief executive officers rises, the next generation of leaders will take a different path to the top than their predecessors.
Ion Bank to Merge With The Cooperative Bank
Ion Bank will be merging with The Cooperative Bank, with the latter operating as a division of the Connecticut-based institution.
Mass. Bank and Credit Unions Testify on Interchange Fees
Massachusetts banks and credit unions argued in support of interchange fees on credit card transactions to a state committee earlier this week.
Retired Bank CEO to Lead Suffolk Board of Trustees
The former CEO of Cape Cod 5 Bank was elected chair of Suffolk University’s board of trustees, the first woman to hold the position in the school’s 120-year history.
This Week’s Newspaper
