Mass. CUs Want Share of Bank M&A
When Hanscom Federal Credit Union bought a Maryland bank last month, it did something that’s illegal for its state-chartered peers.
Credit Unions Look to DNA for Successful M&A Deals
Hanscom FCU’s recent purchase of a Maryland bank means its executives face a classic task. But they and other credit union leaders say the industry has advantages over banks.
Community Good Works
Eastern Bank employees volunteered to stack shelves, pack grocery bags and unload a 13,650-pound shipment of produce at Catholic Charities South’s Brockton food pantry. See who else gave back.
Two Credit Union Deals Reach Finish Line
Two credit union deals reached the finish line as Hanscom Federal Credit Union acquired Maryland-based The Peoples Bank, and BrightBridge Credit Union completed its merger with Arrha Credit Union.
Personnel File – No. 430
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
BrightBridge Credit Union Names New CFO
BrightBridge Credit Union has named Laurie LaChapelle chief financial officer of the credit union.
Community Good Works
Colonial Federal Savings Bank made a $100,000 unrestricted donation to NeighborWorks Housing Solutions, a South Shore affordable housing developer. See who else gave back.
Small Mass. Banks, CUs Face Heavy Tech Lift
Monopoly power isn’t just lurking in consumer prices. Data shows smaller lenders face disproportionately high – and rising – costs for their operating system software.
Community Good Works
Employees at Clinton Savings Bank gathered 65 new and gently-used coats for Clinton residents in need as part of the bank’s annual coat drive. See who else gave back.
Members Approve BrightBridge Credit Union and Arrha Credit Union Merger
The members of BrightBridge Credit Union and Arrha Credit Union voted in favor of merging following separate member votes at each credit union’s corporate headquarters.
Community Good Works
Bristol County Savings Bank announced its foundation was making a $25,000 grant to support the “revival” of the library at New Bedford’s Alfred J. Gomes Elementary School. See who else gave back.
Community Good Works
Eastern Bank gave the Braintree Little League program a $10,000 gift to mark the first time in history its 12-year-old players made it to the Little League World Series during an epic series of wins this year. See who else gave back.
Arrha Credit Union to Merge With BrightBridge Credit Union
It comes nearly a year after Springfield-based Arrha Credit Union controversially tried, then failed to sell itself to Pittsfield Cooperative Bank.
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.
Community Good Works
It’s scholarship season for local banks and credit unions. In the past week, alone, Massachusetts financial institutions announced nearly $170,000 worth of grants. See who gave back.
BrightBridge Credit Union Renews Technology Partnership
BrightBridge Credit Union, formerly Merrimack Valley Credit Union, has signed multiple renewal agreements to extend its technology partnership with Synergent.
Community Good Works
Norwood-based OneLocal Bank gave $5,000 to help fun a substance-free party for Norwood High School students following the school’s annual prom. See who else gave back.
Merrimack Valley Credit Union and Cabot Boston Credit Union Merger Approved
The members of Merrimack Valley Credit Union and Cabot Boston Credit Union have voted in favor of merging the two financial organizations.
Personnel File – No. 387
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
