Banking and Lending
Boston Firefighters Credit Union Names New President and CEO
Danielle Milner will become just the fifth president and chief executive officer in Boston Firefighters Credit Union’s history.
Homeowners Flock to Cash-Out Refis Thanks to Equity Boom
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated, and have taken out billions of dollars in loans in Massachusetts alone.
Citizens Names New CFO
Citizens Bank has tapped Barclays Bank veteran Aunoy Banerjee to be its newest lead financial executive.
Personnel File – No. 415
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Trump Opens Door to 401k Investments in Real Estate, Crypto
An executive order signed Thursday by President Donald Trump could give real estate projects, private equity and cryptocurrency firms long-sought access to a pool of funds worth trillions.
AI Making Phishing Threat Dramatically Worse for Local Banks
Scammers around the world use artificial intelligence to trick their way inside banks and credit unions’ systems. And over half haven’t adopted a key prevention tool.
Protection Against Condo Special Assessments
Tens of thousands, if not hundreds of thousands, of condominium apartments are languishing on the market these days, and not just because of high interest rates and high prices.
Community Good Works
Eleven employees from Boston-based Vicinity Energy took part in the Charles River Conservancy’s cleanup along the banks of the river. See who else gave back.
UniBank Acquires Historic Whitinsville Property
UniBank said it has purchased a historic property connected to its founder in the heart of Whitinsville, the main village in the town of Northbridge.
Berkshire Bank, Brookline Bank to Become Beacon Bank & Trust
Once the merger between Boston-based Berkshire Bank and Brookline Bancorp is completed, the new bank will go by a new name, the two lenders announced late Wednesday.
PCT Federal Credit Union Rebrands to Cranberry Federal Credit Union
PCT Federal Credit Union has changed its name to Cranberry Federal Credit Union. The West Wareham credit union changed its name to better reflect its roots in the community.
Report Predicts Biotech Shrinkage as Federal Changes Take Hold
Job and labor force surveys are starting to pick up on the early impacts of President Donald Trump’s trade and tariff policies and other federal government shifts to Massachusetts, economists at MassBenchmarks said.
Cornerstone Bank Merging With Athol Savings Bank
The merger would expand Cornerstone into North Central Massachusetts and comes less than a year after it merged with PeoplesBank.
Personnel File – No. 414
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
LIHTC Increases Could Boost Bank CRE Investment
Area bankers say the big boost to federal Low-Income Housing Tax Credits in President Donald Trump’s “One Big Beautiful Bill” could unlock more funds even though the rest of real estate is starved for capital.
Chase Plans 10 More Mass. Branches in 2025
Chase has 10 more branches to go in order to meet its goal of 25 new locations by the end of the year.
Eastern Bank Adds New Chief Impact Officer
The Eastern Bank Foundation has named Miriam Ortiz as its new chief impact officer.
Harvard Federal Credit Union Opens New Branch
Harvard Federal Credit Union has opened a new branch at One Brigham Circle in Boston’s Mission Hill neighborhood.
Citi Launches Strata Elite Card to Compete With AmEx and Chase
There’s a new but familiar face coming to the world of high-end credit cards.
Personnel File – No. 413
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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