Today caps off another momentous year in Massachusetts’ commercial real estate landscape, with massive new projects rising across downtown and in once-unremarkable neighborhoods. Here are our five most popular commercial real estate stories from 2019.
For the first time in over two years, Randolph-based Envision Bank has had a profitable quarter. The bank attributed declining mortgage rates and four new loan production offices in Central and Western Massachusetts for the success.
Boston Private has begun the process of consolidating one of its last wealth affiliates, KLS Professional Services, as the company continues to forge a new path ahead.
After its leaders spent months trying to fix workplace culture issues that came to light at the end of 2018, Berkshire Bank received an award for how it has engaged its employees.
The parent company of Rockland Trust spent most of the second quarter integrating the parent company of Blue Hills Bank into its fold.
Amid a recent spate of M&A activity among Massachusetts banks, Webster Bank’s leaders don’t expect to be joining in.
Despite minimal loan growth and a slight uptick in nonperforming assets and loan loss allowances, Medford-based Century Bank had another quarter of record earnings.
Massachusetts employers were less confident about economic conditions in May, amid renewed trade tensions and concerns among companies about increased operating costs from paid family leave and other government mandates.
The parent company of Berkshire Bank is planning to sell off one of its mortgage subsidiaries and exit other non-strategic, non-relationship types of lending, as part of a broader strategic review the company began earlier this year.
East Boston Savings Bank plans to open new branches in Cambridge and Brighton in 2019, bringing the bank up to 40 branches, as it continues to use de novo branches to drive growth.
Brookline Bank has purchased the remaining shares in Eastern Funding, one of its subsidiaries that specializes in commercial lending to small and medium sized businesses, to now own the company outright.
The parent company of Randolph-based Envision Bank is coming off its best quarter since 2017 and since the bank rebranded from Randolph Savings Bank, attributing the success to moves it has made in its mortgage division.
The closures come as new Boston Private President and CEO Anthony DeChellis continues to take a hard look at the bank’s strategy, and as the bank reported $963 million in negative net flows in the wealth management business between Boston Private and its affiliate partners.
The parent company of Rockland Trust has just officially surpassed $11 billion in assets, but it is already thinking about taking the next step.
The parent company of Webster Bank reported a profitable first quarter to start the year and the closing on a purchase of a large residential real estate portfolio in Eastern Massachusetts.
The parent company of Cambridge Trust has completed its purchase of Portsmouth, New Hampshire-based Optima Bank & Trust.
The parent company of Hartford-based United Bank reported another profitable quarter to start the year, but major losses could be coming.
The parent company of Medford-based Century Bank announced net income of $9.4 million for the first quarter of 2019, or $1.69 per Class A share diluted, an increase of 22.2 percent compared to net income of $7.7 million, or $1.38 per Class A share diluted, for the same period a year ago.
Total consumer debt among all Americans grew $15.2 billion in February, which was a slower rate than growth in January, according to recent data from the Federal Reserve.
The Boston fintech firms Numerated and Twine have received national recognition.
