The Challenge of Transitioning from CFO to President
After 13 years in a behind-the-scenes leadership role at Country Bank, Mary McGovern is preparing to step into the limelight as the bank’s new president and future CEO.
After 13 years in a behind-the-scenes leadership role at Country Bank, Mary McGovern is preparing to step into the limelight as the bank’s new president and future CEO.
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.
From previously targeting to open 90 branches, JPMorgan Chase has set a new expansion goal of 110 branches in Massachusetts by 2027 bank executives express optimism about branch-based growth in the state.
Chase Bank’s massive, five-year branch expansion campaign reached a crescendo yesterday in Harvard Square when it opened its 400th branch since the project was announced in 2018.
Middletown, Connecticut-based Liberty Bank has launched a digital bank for small business owners in Massachusetts, the growing lender’s latest effort to expand north into the state.
Pittsfield-based Greylock Federal held a ribbon-cutting ceremony for its first New York branch, 18 months after opening the new office.
Rockland Trust has opened its third retail branch in the Worcester as part of its ongoing expansion in Central Massachusetts.
Greater Boston will see 35 bank branches close as a result of upcoming bank mergers, and four of those locations have already been claimed.
While several banks have announced plans to reduce their branch footprints, Rockland Trust has continued to expand even as the pandemic has driven customers to digital channels. Overseeing the bank’s retail network is Margaret “Peg” McCarthy.
Rockland Trust continued its Worcester-area expansion this week with a ribbon-cutting at its first retail branch in Shrewsbury.
Pittsfield-based Greylock Federal Credit Union has broken ground on its first New York branch.
Banking giant JPMorgan Chase has already launched a full retail branch strategy in Massachusetts and now another large bank may soon follow suit.
Brockton-based HarborOne Bank is expanding into Boston.
East Boston Savings Bank has been one of the fastest-growing banks in Massachusetts, and with new savings from tax reform, it continues full steam ahead.