Eastern Bank Files to Buy Cambridge Trust
Boston-based Eastern Bank will buy Cambridge Trust and sell its insurance division according to documents filed with the Securities and Exchange Commission after the close of trading Tuesday.
Community Good Works
Eight Massachusetts banks banded together to raise $300,000 for the nonprofit Heading Home, which works to end homelessness. See who else gave back.
CSB’s Digital Ivy Bank Reports Over $530M in Deposits in 2 Years
Since launching as a digital-only bank two years ago, Ivy Bank has already over $530 million in deposits and 6,600 national customers.
Cambridge Savings Gives $100K to Support Black-Owned Businesses
On top of the grant, the bank will also provide mentorship to minority entrepreneurs, as well as small businesses underwriting training for the Cambridge Equity Fund task force.
Digital Banks Offer Faucet for Deposits
Local banks have found their digital banking arms handy tools in the race for deposits now underway. And a new entrant to the state’s banking scene is launching a digital bank that could represent the next wave of innovation in this space.
Personnel File – No. 332
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
Personnel File – No. 330
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
Cambridge Savings Bank Provides Financing for Formaggio Kitchen
Cambridge Savings Bank has provided $5.3 million in lending to support new ownership of Formaggio Kitchen, a regional chain of gourmet food stores.
Cambridge Savings Bank Leads $93M Loan for Innes Project
The redevelopment of Chelsea’s Innes Apartments has received a $93 million construction loan led by Cambridge Savings Bank, the bank said in a statement yesterday.
How to Double a Bank’s Size in 10 Years
Wayne Patenaude has overseen major growth in his 10 years leading Cambridge Savings Bank, growth powered by an expanding commercial lending operation and the launch of a national digital bank.
Developers, Chelsea Officials Break Ground on Big Public Housing Revamp
City officials, representatives from Cambridge Savings Bank and developers from Marcus Partners, Joseph J. Corcoran Company and John M. Corcoran & Company broke ground Wednesday afternoon on a redevelopment of a Chelsea public housing project.
Cambridge Savings Bank Finances Apartments in Winchester
Two apartment building projects that will bring about 60 affordable housing units to Winchester have received financing from Cambridge Savings Bank.
Banks Respond to Equity Concerns with Financial Education for New Entrepreneurs
The pandemic startup surge is showing little sign of abating, and some local banks are expanding their financial education programming to support new – particularly minority – business owners, and perhaps win new customers along the way.
Personnel File No. 285
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Cambridge Savings Bank Provides Financing for Wealth Management Firm
Cambridge Savings Bank has provided $26 million in financing to a wealth management company that has been expanding its business along the East Coast.
Community Good Works
From food pantries to future coders, banks and a real estate brokerage helped out their neighbors in many ways in recent weeks.
Cambridge Savings Bank Backs Boylston Last-Mile Development
Cambridge Savings Bank provided $38.7 million in construction financing for a nearly 400,000-square-foot last-mile distribution center in Boylston.
Lenders Grapple with Recruitment, Retention
The COVID-19 pandemic has upended the traditional power balance between employers and employees, and what those workers want out of a job, challenging lenders to show workers a stronger value proposition.
Brickman Buys Mansfield Industrial Asset
Brickman has acquired a multi-tenant industrial building at 120 Forbes Boulevard for $17.6 million.
You Are the Doctor, the Consumer Is Your Patient
Lenders should combine technology with a human-centric approach to build lifelong relationships. Aim to create a relationship with your customer like the one they share with their primary physician.
This Week’s Newspaper
