Coop. Bank of Cape Cod Restructures Business Banking Division
Noting an increasing demand for its lending products, The Cooeprative Bank of Cape Cod has made two promotions and hired a former member of its staff to its business banking division.
Citizens Adds Biz Cashflow-Forecasting Product
The new Citizens tool, called Citizens Cash Flow Forecasting, is claimed to help small businesses predict their cash flow up to 12 months in advance.
Relationships for the Long Haul
David Eidle is a relatively new face at Rockland Trust, but a familiar one on the North Shore, where the former M&T Bank executive will lead Rockland Trust’s planned C&I expansion.
300 Percent Growth in Three Years
New Valley Bank President and CEO Jeffrey Sullivan has guided his four-year-old institution through explosive growth, in part thanks to an early marketing boost from PPP lending and in part from embracing the Pioneer Valley’s growing cohort of highly diverse entrepreneurs.
Chase Grows Market Share with International Firms in Mass.
As JPMorgan Chase continues its expansion in New England, the global bank has also expanded its reach with multinational companies operating in the region.
Mismatch Seen Between Advice Businesses Want from Banks and What They Get
While three-quarters of U.S. small businesses want to receive financial advice from their bank, most do not receive the kind of comprehensive advice that would help a small business grow, according to a recent study from J.D. Power.
Citizens Adds Early Pay Feature for Corporate Clients
Citizens has launched a new product that will let corporate clients give employees on-demand access to their earned pay, the Providence-based bank said in a statement.
Financing Boost Sought For Entrepreneurs Of Color
During the COVID-19 pandemic, Massachusetts has provided “unprecedented support” and “unprecedented access to capital” to entrepreneurs of color, MassINC research director Benjamin Forman told lawmakers Tuesday.
Country Bank to Open Springfield Business Office
Ware-based Country Bank, which has branches in Central and Western Massachusetts, will open a new Springfield office later this month for business customers.
Community Banks Keep Pace with Payments
2020 has brought opportunities for local lenders to showcase their payments-processing products to business customers who might be lured away by larger, national competitors.
Megabank Economists See Credit Markets Improving by Mid-Year
The chief economists of the continent’s largest banks say they believe conditions in the business and consumer credit markets will improve over the next six months.
Lenders Confront Cautious Business Borrowers
COVID-19 vaccines have started landing in the arms of Massachusetts’ first responders and nursing home residents. But for now, businesses remain cautious about expansion plans for 2021, changing the characters of some banks’ commercial loan portfolios and increasing their share of real estate loans.
Firms Turn to Banks for Working Capital
The COVID-19 pandemic has pushed lenders into an unfamiliar space as they continue to try and meet their customers’ needs for working capital as payment cycles get disrupted.
Numerated Launches Expanded Digital Business Banking Platform
Boston-based fintech Numerated has expanded its platform to support banks’ business banking products, with People’s United Bank as a launch customer.
With Demand Shifts, Business Banking Moves Toward the Future
From large corporations to startups and bricks and mortar stores, companies are looking to banks for products and services that help ease the way they do business. To meet that demand, banks are turning to fintechs and even input from the public to reinvent their services.
Cape Cod 5 to Open New Banking Center in Provincetown
Cape Cod 5 recently purchased a property in Provincetown that will be converted into a full-service banking center. The bank anticipates a spring 2019 opening.
The Provident Bank Hires New VP to Expand into Boston Market
The Provident Bank is expanding its business banking services into Boston, the bank announced yesterday.
