Crisis Creates Openings for Customer-Centric Banks, New Envision CEO Says
William Parent, who agreed to join Envision Bank in late January, was not expecting to start his new role amid a global pandemic and financial crisis.
Parent Named Envision Bank’s President and CEO
Former Blue Hills Bank president and CEO William Parent has been named to lead Randolph-based Envision Bank. He will take over as president and CEO on April 1, when current leader James P. McDonough retires.
Former Blue Hills CEO Resigns from Rockland Trust Board
William Parent, the former president and CEO of Blue Hills Bank, has resigned from Rockland Trust’s board of directors effective immediately.
President of Chicopee Business Sentenced in $4M Loan Scheme
The president of a Chicopee-based manufacturing business was sentenced to one day in prison and a year of home confinement for a bank fraud scheme connected to a multimillion-dollar loan package.
Ex-Blue Hills Bank Employee Pleads Guilty to Illegal Participation In Bank Loan
A Somerset man pleaded guilty in federal court in Springfield yesterday to illegally participating in a loan with a financial institution.
Rockland Trust Spent Q2 Boosting Capabilities With New Blue Hills Team
The parent company of Rockland Trust spent most of the second quarter integrating the parent company of Blue Hills Bank into its fold.
Ludlow Woman Pleads Guilty to Defrauding Blue Hills Bank
A Ludlow woman pleaded guilty earlier this week in federal court in Springfield to bank fraud.
Personnel File
Members of the banking, construction and real estate industries were on the move in recent weeks. See who’s been hired and promoted in this week’s Personnel File.
Rockland Trust CEO Aiming for $15B to $20B in Assets East of Worcester
The parent company of Rockland Trust has just officially surpassed $11 billion in assets, but it is already thinking about taking the next step.
Cambridge Savings Bank Hires Former Blue Hills Bank Execs to Launch ABL Business
Cambridge Savings Bank has hired two former Blue Hills Bank veterans to launch an asset-based lending business.
Rockland Trust Executives Shuffled Amid Acquisition
In tandem with closing on its acquisition of Blue Hills Bank, the parent company of Rockland Trust is also making some changes to its corporate structure.
Rockland Trust Parent to Close on Acquisition of Blue Hills Bank April 1
The parent company of Rockland Trust has received all regulatory approvals and will close on its acquisition of the parent company of Blue Hills Bank on April 1, both companies said in a joint statement yesterday.
Rockland Trust to Consolidate Three Branches as Result of Blue Hill Deal
Rockland Trust will close at least three branches as part of its acquisition of Blue Hills Bank.
Rockland Trust to Cut 80 Blue Hills Bank Employees as Result of Acquisition
Rockland Trust is planning to lay off 80 people from Blue Hills Bank once it completes its acquisition of the company, as a result of duplicate back office jobs that Rockland already has filled and does not need additional staff for.
Focus on Philanthropy
Every year, Banker & Tradesman rounds up a snapshot of good deeds performed by industry professionals in the finance and real estate fields to commemorate the holiday giving season. As 2018 wraps up, Banker & Tradesman is pleased and proud to acknowledge some of the fine work done by volunteers in industries and communities across the commonwealth.
Consolidation Continues in Banking Industry
The year 2018 was filled with mergers and acquisitions between publicly traded banks, mutual banks and credit unions. In total, there were 16 mergers and acquisitions announced this year, as the banking industry in Massachusetts continued to consolidate.
Blue Hills Bank CEO to Make Millions Upon Acquisition Completion
When Rockland Trust closes on its acquisition of Blue Hills Bank, President and CEO William Parent is going to be a very rich man.
Rockland Trust Continues to Build Franchise in Worcester Area
While much of the recent focus has been on Rockland Trust’s planned acquisition of Blue Hills Bank and its expansion in the Boston area, the company has also been busy building out its franchise in Worcester and Central Massachusetts.
Blue Hills Acquisition Likely Fueled by Lack of Growth Potential
The rate of consolidation in the banking industry has lately been a cause for concern, as fewer banks typically means reduced access to banking services and small business loans.
Rockland Trust to Acquire Blue Hills Bank
The parent company of Rockland Trust announced yesterday that it would acquire the parent company of Hyde Park-based Blue Hills Bank in a deal that will give Rockland the largest deposit share in Massachusetts, the largest branch network and bring the company over $11 billion in assets.
