Banking and Lending
MassDevelopment Names New CFO
The state’s quasi-public economic development agency says it’s hired a new chief financial officer, former senior Healey budget staffer Bran Shim.
$67M Refi to Fund Upgrades at Pioneering Revere Beach Apartments
An affiliate of a Utah-based real estate investor refinanced the first building in Revere Beach’s recent wave of multifamily properties last month.
Personnel File – No. 453
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Who Still Needs a Banker’s Advice?
Banks and credit unions spent the last decade retooling branches and marketing to play up their skills in dispensing financial advice. Does that bet still work in a world where consumers turn first to AI?
Will MassHousing Get the Investigation It Deserves?
Reports of million-dollar fraud at MassHousing should have everyone demanding a thorough inquiry that holds even the quasi-public lender’s CEO accountable.
Bringing Clarity to Deposit Volatility
Deposits have become a lot more volatile, and bankers need a better way to understand these liabilities, argue Justin Bakst and Billy Guthrie of Darling Consulting Group.
Mass Remains on Moderate Economic Growth Path
Economic growth in Massachusetts was moderate in the second quarter, while inflation in the Boston metropolitan area ran “meaningfully hotter” than the nation, according to a new data.
BrightBridge Credit Union Completes Core Conversion
BrightBridge Credit Union said it completed converting the former Arrha Credit Union to its own core systems.
Personnel File – No. 452
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Webster First Federal Credit Union Names Chief Risk Officer
Webster First FCU says that the appointment of Colleen Carney reflects the growing importance of risk management at the growing institution.
Beacon Bank Deals With Four Loans in Second Quarter
Boston-based Beacon Bank dealt with four troubled loans as it sought to improve its asset quality last quarter, the bank announced Wednesday.
Beacon Bank Opens Branch in Braintree
Beacon Bank recently held a grand opening ceremony for a new branch in Braintree, marking its expansion on the South Shore.
Eastern Bank Claims Progress in Drive for Organic Growth in Q2
Eastern Bank executives said the bank’s bottom line aided by improved asset quality and fee generation from its wealth management sector in the second quarter.
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.
Most Mortgage Borrowers Pay Too Much
Even if you shopped for the lowest mortgage rate you could find, you may be paying more than necessary – simply because you didn’t know lower rates existed.
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.
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