Changing Interest Rate Expectations Put Pressure on Mass. Banks
With interest rates rising for the first time in three years and long-term bond yields on the rise, Massachusetts banks have to sort out a trio of problems.
Lenders Call the Shots at Recent Lab Developments
Following an ill-timed development boom, nearly half of the recent lab projects in Greater Boston are now controlled by lenders, according to industry research.
Mass. Migration Aiding Bank Movement to New Hampshire
What’s driving bank after Massachusetts-based bank to buy smaller New Hampshire lenders? Executives cite factors familiar to anyone who’s moved north, themselves.
Cambridge Savings Acquires New Hampshire Bank
First Seacoast Bank has agreed to be acquired by Cambridge Savings Bank, adding to the list of larger Bay State lenders making inroads in the Granite State.
Big Tenants Fueling Mass. Industrial Demand Surge
A surge of recent leasing activity and sharp uptick in major space requirements points toward a tightening market for industrial space in Eastern Massachusetts.
Three Credit Card Bills on Beacon Hill Could Hurt Consumers, Small Biz
Large national retailers are lobbying the state Legislature to fundamentally alter credit card payments, with large impacts on consumers and small businesses.
Synergy Recaps Beacon Hill Office Building
Boston-based Synergy recapitalized a Beacon Hill office building Friday that it originally acquired in 2013 in a deal worth $23 million.
In Fight for Deposit Dollars, Banks Wield Data – and Relationships
The Federal Reserve’s fall rate-cutting cycle has local banks staring each other down. At stake: shrinking profit margins and access to the deposits they need to make money.
Personnel File – No. 429
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
A Digital and a Physical Footprint
Cambridge Savings Bank President and CEO Ryan Bailey says the bank will evaluate opportunities to grow its presence in the state, whether through more branch openings or merger and acquisition activity.
Female Bankers Praise Growing Presence in Mass. C-Suites
Four women have become heads of local banks and credit union so far this year, and female executives say that they have more opportunities than before.
Personnel File – No. 419
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
LIHTC Increases Could Boost Bank CRE Investment
Area bankers say the big boost to federal Low-Income Housing Tax Credits in President Donald Trump’s “One Big Beautiful Bill” could unlock more funds even though the rest of real estate is starved for capital.
Prominent Harvard Square Property Sold for $55M
A prominent Harvard Square office and retail property traded for $55 million in its first change of ownership since 1998.
Marcus Partners Targets Regional Tenants with Acquisitions
Boston-based Marcus Partners expanded its industrial portfolio with acquisition of three multi-tenant properties in Holliston and Norwell.
Low-Risk Multifamily Market Attracts Increased Bank Investment
Multifamily has become the almost last asset class standing when it comes to ground-up commercial development in Massachusetts, and banks are increasing their involvement in the sector accordingly.
Can Good Service Help in Uncertain Economic Times?
The economy might be searching for stability as it rides President Donald Trump’s tariff rollercoaster, but bank consumers are growing increasingly satisfied with their financial institution.
Quincy Private Construction Lender Expands Partnership with Florida Bank
First Boston Capital Partners says it has expanded its revolving line of credit with BankUnited, based in the Miami area, as it aims to grow its private lending business.
M&A Activity Dominated Banking News in 2024
2024 was another busy year in the Massachusetts banking sphere.
When Fraud Hits, Some Banks See Opportunities for a Win
New data shows if banks want customers to view them favorably, how instances of fraud are handled is crucial.
