Banking and Lending
BofA Boston Executive Named Chair of Greater Boston Chamber of Commerce
Bank of America’s Massachusetts President Miceal Chamberlain has been named the new chair of the board of directors for the Greater Boston Chamber of Commerce.
MassBankers Supports National Blockchain Network
The Mass Bankers trade group and 38 other state banking associations want to create an industry-owned platform for things like tokenized deposits and smart payment tools.
Personnel File – No. 455
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Multifamily Fueled Fastest-Growing Mass. Lenders
Bank commercial real estate loan volume increased by 44 percent statewide year-over-year in the first six months of 2026, despite headwinds and uncertainty.
Needham Bank Opens Branch in Prudential Center
Needham Bank has opened the doors to its newest branch in Boston’s Prudential Center, bringing its total to 22 in Greater Boston and New Hampshire.
Concord 40B Project Financed by British Pension Manager
A Concord office park will be gaining 201 new apartments thanks to money from a storied British retirement funds manager.
Personnel File – No. 454
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Avidia Announces Big Stock Buyback
After converting from a mutual bank to a stock institution just one year ago, Hudson-based Avidia Bank has announced plans to spend $30 million buying back its stock, according to SEC filings.
Community Good Works
Boston-based Shawmut Design and Construction’s cycling team completed the 19th annual Pan-Mass Challenge earlier this month. See who else gave back.
Berkshires Bank Merger Births Trailmark Bank
Adams Community Bank and Pittsfield Cooperative Bank will become Trailmark Bank when the two institutions combine later in 2026, the two banks said this week.
Study Finds Median Mass. Wealth Is $370K, But Deep Wealth Gaps Persist
Massachusetts families held a median net wealth of more than $370,000 last year, according to a new study that found this metric varies dramatically across key factors like race, age, educational attainment, homeownership and place of residence.
Leader Bank Adds First Cape Cod Branch
Leader Bank has added its first branch on Cape Cod, complimenting the Arlington-based bank’s existing loan office in Mashpee
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.
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