Banking and Lending
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.
Personnel File: No. 446
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Bristol County Savings Bank Affiliate Surpasses $1B in Assets
An affiliate of Taunton-based Bristol County Savings Bank has surpassed $1 billion in assets, the bank announced at its annual meeting.
Why Is My Loan Originator on Instagram?
It’s the age of social media video, and Massachusetts’ high-performing loan originators are focusing their marketing efforts on making a personal connection with prospective customers through their phones.
StonehamBank Opens First Branch in 50 Years
StonehamBank is opening a branch at 25 Main Street in North Reading, the bank’s first new location since 1976.
Eastern Bank Finances $39M Bridge Loan For Worcester Senior Housing
Eastern Bank is financing a $39 million bridge loan for a recently constructed Worcester multifamily development.
Cape & Coast Bank Names Chief Commercial Lending Officer
Cape & Coast Bank has promoted Robert Carey to chief commercial lending officer at the institution.
Developers Sue, Saying Eastern Bank Disclosed Personal Financial Info
City Realty’s co-founders claim Eastern Bank posted their personal financial information to a loan-sales portal without their permission.
Treasury Warns Banks of ‘Red Flags’ Tied to Undocumented Customers
Federal financial crimes investigators want banks to help as part of the Trump administration’s latest measure to clamp down on immigration.
Personnel File: No. 445
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Barney Frank Leaves Complicated Legacy in Mass. Banking Landscape
The late Rep. Barney Frank at once cared deeply for the health of local financial institutions, yet co-authored one of the biggest drivers of bank consolidation today.
The Real Anxiety: When Credit Unions’ Cooperative Model Works
The criticism is predictable: Credit unions that acquire community banks are abusing tax policy. But that framing dodges the real question.
Mixing Retail and Relationships in New Branches
The Village Bank is adding a retail incubator storefront to its latest location. If it works, President and CEO Joe De Vito says, more banks should copy the idea.
Leader Bank Adds Former Citizens Private Bankers
Leader Bank has announced four new hires, bankers who’ve all left Citizens Private Bank to join the Arlington-based lender.
Reading Cooperative Bank Adds Small Business Payment Tool
Reading Cooperative Bank has become the first institution to utilize Rebolt’s tool, which can be integrated with stablecoin networks.
Rockland Federal Credit Union Rebrands to Arise Financial
Rockland Federal Credit Union will rebrand to Arise Financial on Aug. 1, leaving behind a name it’s used since 1922.
MAP: These Mass. Counties Saw Big Home-Lending Jumps
While purchase activity is stalling across the state and the nation, but much of Massachusetts counties still saw significant gains in loans to homebuyers.
Personnel File – No. 444
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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