When Food Stamps Stopped, Banks and CUs Stepped Up
When this fall’s government shutdown cut off federal food assistance and government workers’ pay, local lenders tried to bridge the gap, regardless of the political risk.
Community Good Works
Banks took the Trump administration’s cuts to federal food aid programs during the government shutdown as a signal to step up their giving to food pantries: $270,000 alone in direct response to the cuts. See who else gave back.
Personnel File – No. 423
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
MassDevelopment and BankFive Finance $11M Hyannis Housing
MassDevelopment and BankFive have provided an $11 million loan to a development team planning 45 mixed-income apartments in Hyannis.
Personnel File – No. 420
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
September Rate Cut Will Be Felt in CRE Refi Market
A highly anticipated rate cut in September will help Massachusetts developments looking to refinance debt, but bankers don’t expect much immediate impact on loan pricing.
Personnel File – No. 410
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Personnel File – No. 407
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Future-Proofing a Bank with Physical Investments
BankFive COO Catherine Dillon says the Fall River lender is stepping into a new era with its renovated headquarters as it celebrates 170 years in business.
BankFive Remodels Corporate Office
BankFive has unveiled its recently renovated main office, located on Main Street in Fall River. The renovation comes as the institution celebrates its 170th anniversary.
Personnel File – No. 393
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
BankFive Hires New CFO from HarborOne
BankFive has hired a new chief financial offer as the calendar inches toward the new year, and a short time after losing its prior CFO to another South Coast lender.
Community Good Works
Oxford-based BankHometown announced a $5,000 donation to the Putnam Veterans Advisory Committee, supporting the creation of an Afghanistan Memorial in Putnam. See who else gave back.
Personnel File No. 380
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Personnel File – No. 369
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
BankFive Reopens New Bedford Branch After $2.5M Renovation
BankFive’s County Street Branch in New Bedford reopened on May 23 after an extensive renovation.
Community Good Works
The Cummings Foundation, the philanthropic arm of suburban Boston CRE giant Cummings Properties, gave $2 million to Regis College to help train more nurses and establish a healthcare clinic in Woburn. See who else gave back.
Personnel File – No. 360
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Despite Rate Cut Forecasts, Banks Face Uncertain Deposit Costs in 2024
Even if the Federal Reserve cuts its benchmark interest rate next year as predicted, banks may not in fact be able to realize lower deposit costs thanks to customer demand for high-yield products.
Trust Matters in Wealth and Banking
For 30 years, Anne Tangen had served wealth management clients at Fidelity and running a State Street Bank business unit that generated $90 million per year, until she found herself drawn to community banking.
