Mutual Holding Company Deals Hit Milestone
With its pending acquisition of Bluestone Bank, Mutual Bancorp will become the largest mutual holding company in Massachusetts but is operating in a relatively unique way under CEO Matthew Burke.
Fidelity Bank Adds Community Banking Director
Fidelity Bank has appointed Thomas Galvani as director of community banking for the Leominster-based institution.
Bluestone Bank Joins with Cape Cod 5
Raynham-based Bluestone Bank is merging its mutual holding company with that of Cape Cod 5 to create an $8.8 billion-asset organization.
Personnel File – No. 403
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
Rollstone Bank & Trust made a $10,000 donation to North Star Family Services to support its work helping homeless families in northern Worcester County. See who else gave back.
Mass. Banks Growing CRE Market Share
In a year that saw banks take up a larger chunk of the commercial real estate lending pool, local and regional banks were among the top local CRE lenders.
Personnel File – No. 393
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Climate Change Is Moving Faster than Flood Insurance, Forcing Mass. Banks to Adapt
Worsening extreme weather, linked to climate change, is bringing catastrophic flooding to homes that have never seen it before, and it’s putting financial institutions risk of serious losses.
Mass. Banks Stare Down Zelle Fraud
Sophisticated bank scammers aren’t going away – and nor are controversies over banks’ reimbursement policies for victims of fraud involving leading instant-payment tools.
Personnel File – No. 369
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Cape Cod 5 to Sell Orleans Office, Renovate Branch
Cape Cod 5, based in Hyannis, is under agreement with Orleans-based law firm La Tanzi, Spaulding & Landreth to sell an office property at 20 West Road, which currently holds its trust and asset management offices.
‘Stable, Steady and Scalable:’ FIs Explore Wealth Management
From regional giant Citizens Financial launching a new private bank last year to local banks poaching wealth-management talent from other institutions, the competition to provide more affluent customers with an array of investment and advisory services is heating up.
Cape Cod 5, MVCU Building Branches in Plymouth
Two financial institutions are in the process of setting up shop in Plymouth.
Community Good Works
North Shore Bank announced its employees recently presented the Reading Food Pantry with a $1,200 contribution raised via one of its regular Jeans Day events. See who else gave back.
Personnel File – No. 361
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Personnel File – No. 359
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Personnel File – No. 348
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Cape Cod 5 CEO: ‘Smaller Banks Need to Scale to Survive’
As he looks forward to the bank completing its merger with Fidelity Bank, Cape Cod 5 CEO Matthew Burke thinks it is essential for smaller banks to look at mergers and partnerships to survive the pressures of a high-interest rate economy.
Cape Cod 5, Fidelity Bank to Merge Holding Companies
Parent holding companies of Cape Cod 5 and Fidelity Bank are merging under one, $7 billion-asset mutual holding company.
Banks, CUs Stare Down Deposit Retention Challenge
High interest rates on deposit products helped several smaller local banks come away from the spring banking turmoil with big hauls. But can they keep those new customers now that the crisis has passed?
