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.
Cambridge Savings Bank Opens Somerville Branch
Cambridge Savings Bank has opened a new branch in Somerville’s Assembly Row, the bank’s 18th branch and first in Somerville.
Cambridge Savings Launches Digital-Only Ivy Bank
Cambridge Savings Bank has launched a digital-only bank, joining several other Massachusetts community banks that offer online savings products to consumers nationally.
Cambridge Savings Provides Construction Loan to Catholic Memorial
Cambridge Savings Bank has provided a construction loan and line of credit to Catholic Memorial to help fund a renovation project at the private all-boys high school.
Cambridge Savings Bank Provides $750K to CDFI
Cambridge Savings Bank has provided a $750,000 corporate loan to Capital Good Fund, a Rhode Island-based community development financial institution, to fund small-dollar loans to low- and moderate-income families and individuals in Massachusetts.
Cambridge Savings Bank Invests $500K in Socially Responsible Fund
Cambridge Savings Bank has invested $500,000 in Coastal Ventures V LP, a socially responsible venture capital fund managed by CEI Ventures.
Community Good Works
Local banks contributed to a range of causes in recent weeks, from upgrades to local libraries and support for young mothers to support for affordable housing developers.
Mergers Offer Two Mutual Banks Paths Forward
A pair of mergers between four Massachusetts banks are opening new doors for growth, their leaders say, despite the challenges they faced in merging cultures amid the COVID-19 pandemic.
Mutual Banks Eye Growth Options After Eastern Conversion
Now that Eastern Bank has become a stock bank, giving up its status as the nation’s oldest and largest mutual bank, the Massachusetts banking landscape could see even more changes in the years ahead.
Local Banks, Companies Join Voting Coalition
Several local banks have joined an initiative to increase voter registration and participation in the U.S.
Hot Property: 81 Wyman St.
A recent capital improvement and renovation project at 81 Wyman St. in Waltham has received LEED Platinum certification for core and shell by the U.S. Green Building Council.
Cambridge Savings, Melrose Bank to Merge Next Week
Even as banks continue to deal with the impacts of the economic crisis brought on by the coronavirus pandemic, a second Cambridge-based community bank plans to go ahead next week with an acquisition next month.
More Bank Branches Close Throughout State
Massachusetts communities saw more changes at bank branches Tuesday as the spread of the coronavirus continued. Bank branches throughout the state have closed, with some offering services at drive-up windows only and others shutting down entirely.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Banks Find Openings in Industrial Surge
An emerging trend in commercial real estate is putting wind in many banks’ sails despite persistently low interest rates: a growing need for industrial space. As e-commerce increases the demand for these types of facilities, community banks have found they are able to remain competitive even against big, national lenders.
Cambridge Savings Bank to Acquire Melrose Bank
Cambridge Savings Bank announced on Wednesday plans to acquire Melrose Bank.
Eastern Bank, St. Mary’s CU Among Top SBA Lenders in 2019
Nearly 2,000 Massachusetts small businesses received loans worth more than $700 million through the U.S. Small Business Administration loan programs during the fiscal year ending Sept. 30.
Personnel File
Members of the banking and real estate communities have been on the move in recent weeks. See who’s been promoted and hired!
Cambridge Savings Bank Helps Bring First MA Opportunity Zone Development to Life
Cambridge Savings Bank has provided financing for the first development in a designated opportunity zone in Massachusetts.
