Banking and Lending
Banker & Tradesman’s Editorial Cartoon: A Short FAQ Document
Bankers are grappling with complex changes to Community Reinvestment Act regulations.
Banks Overwhelmed by CRA Final Rules
As Massachusetts banks wait to see how a lawsuit by national banking trade groups over changes to federal Community Reinvestment Act rules will turn out, they’re facing a large number of additional unknowns.
BayCoast Bank Promotes Three in C-Suite
Swansea-based BayCoast Bank has recently promoted three leaders in top-level positions: its chief financial officer, chief information officer and chief human resources and talent officer.
Fed Officials Caution Against Cutting Interest Rates Too Soon or Too Much
Several Federal Reserve policymakers warned Thursday against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January.
Community Good Works
Newton-based The Village Bank gave $2,500 to the Waltham Boys and Girls Club, selected by the winner of a giveaway for Waltham residents. See who else gave back.
Bank Economists Grow More Optimistic on Credit Conditions in Q1
While credit conditions are still expected to weaken compared to their strong position in the last few years, bank economists have come to view the situation with more optimism due to better economic growth.
Country Bank Plans Springfield Branch by 2025
Ware-based Country Bank is planning to put up a branch in Springfield by 2025 to establish a physical presence there amid growth opportunities and intensifying competition in the Western Massachusetts market.
BayCoast Mortgage Promotes New CEO
In his new role, Nicholas Christ is responsible for developing new talent and products while expanding the bank’s lending throughout its Eastern Massachusetts market.
Commercial Lending Starts to Show Signs of Life
Lending conditions for commercial real estate showed the first improvement in seven quarters, according to a CBRE analysis of recent activity, amid signs that borrowing costs have peaked.
Regional Banks Report Troubled Office Loans
Regional banks in Massachusetts reported an increasing share of troubled office loans in their Q4 earnings calls, a trend that may continue in the next few quarters.
North Shore Bank, Abington Bank to Merge
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
PNC Bank to Open Two New Branches in Boston Area
PNC Bank recently announced a $1 billion nationwide investment to open more than 100 branches and renovate over 1,200 existing branches through 2028, and Boston is getting two new branches from that plan.
Cambridge Savings Bank Names New President and CEO
Wayne Patenaude will step down as Cambridge Savings Bank’s president and chief executive officer on Feb. 28, and will be replaced by USAA executive Ryan A. Bailey.
Optimal Blue: Boston-Area Mortgage Demand Started Year Strong
New mortgage application data is signaling homebuyers are reentering the market amid gradual decline in interest rates, setting the stage for another year that drives home prices up.
UMass Boston, Three Others Join Mass Fintech Hub
UMass Boston, the University of Rhode Island, nonprofit engineering consultancy MITRE and fintech LoanSpark have joined Mass Fintech Hub to be a part of the financial technology community in the state.
Treasury Proposes New Anti-Money Laundering Rules for Investment Advisers
The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system.
Berkshire Bank Hires Former SVB Private Banker
Amid regional banks’ race to capture business among Boston’s affluent, Berkshire Bank has hired a former Silicon Valley Bank executive to boost its private banking business in the region.
Cochran Retires as Jeanne D’Arc Credit Union President and CEO
Under his 17 years at the helm, Mark S. Cochran doubled the credit union’s membership to 100,000, increased staffing by 48 percent and grew assets from $600 million to $2.1 billion.
A Helmsman for a Strategic Expansion
North Easton Savings Bank is looking to diversify its lending business by building out its roster of small business and nonprofit clients. It’s charged Chief Lending Officer Ralph Letner with making that happen.
The Next Banking Panic?
Nearly a year after SVB’s failure, a potentially bigger banking crisis is looming, this time centered on the troubled world of commercial real estate loans made on what are now half-empty downtown office towers across the country.
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