Eastern, Cambridge Trust Finally Cleared to Merge
After eight months of waiting, Massachusetts’ biggest bank merger deal in years is slated to go ahead.
Eastern Bank-Cambridge Trust Merger Hits Delay
Eastern Bank and Cambridge Trust say their merger, formerly anticipated to close in the first quarter, won’t be completed on schedule.
Dedham Savings, South Shore Bank Complete Holding Company Merger
Both banks will continue operating independently from each other but say they will have the ability to support each other in taking on more of bigger loans.
Eastern-Cambridge Merger Will Lead to 11 Branch Closures
Eastern Bank said the merger with Cambridge Trust will lead to some branch closures, with many of both banks’ branches less than a mile from each other.
Cape Cod 5 CEO: ‘Smaller Banks Need to Scale to Survive’
As he looks forward to the bank completing its merger with Fidelity Bank, Cape Cod 5 CEO Matthew Burke thinks it is essential for smaller banks to look at mergers and partnerships to survive the pressures of a high-interest rate economy.
NBT Completes Merger With Salisbury Bank
NBT Bank has added 13 Salisbury Bank branches to its footprint after the two banks completed their merger on Aug.11.
Fed May Tighten Regulation After Bank Failures, Powell Says
Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring.
Merger Wave Raises Risks of Customer Losses
The recent spate of bank mergers has shaken patrons’ trust in Eastern Massachusetts’ community banks, leaving CEOs to grapple with a new threat to customer retention.
FDIC Seeks Comments on Bank Mergers
The Federal Deposit Insurance Corp. has moved forward with plans to review bank merger policies, the next step in a move that led to controversy for the FDIC board late last year.
Cambridge Trust Finds Opportunity in Upheaval
As mergers and acquisitions continue to alter the region’s banking landscape, one local bank has found an opportunity amid the shakeup to expand its wealth management services into a third New England state.
Merger Scrutiny, Open Banking Included in Biden’s Executive Order
President Joe Biden signed an executive order on July 9 targeting what he labeled anticompetitive practices in banking and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition.”
Community Groups Watch for Effects of Mergers
The mergers and acquisitions transforming the Massachusetts banking industry this year will also have a significant effect on another group: the community development organizations that partner with banks on affordable housing and lending programs.
Vote Now for B&T’s Best of 2024!
