C&I Demand Remains Low. Interest Rate Cuts Could Change That
Massachusetts banks are leaning on business lending to help them diversify away from commercial real estate lending. But demand for those loans has been shrinking for over a year.
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.
A Helmsman for a Strategic Expansion
North Easton Savings Bank is looking to diversify its lending business by building out its roster of small business and nonprofit clients. It’s charged Chief Lending Officer Ralph Letner with making that happen.
Banks Seen to Target Middle-Market C&I Loans
Banks are still on the defensive when it comes to lending, due to high interest rates but middle-market commercial and industrial lending is one area that local banks are looking to for growth this year.
Expecting Growth, Numerated Moves to a Bigger Boston Office
Fintech firm Numerated is moving to a larger office in downtown Boston, expecting more growth in commercial lending at the banks and credit unions it helps underwrite business loans.
Small Business Owners Feel Credit Crunch
According to the latest Biz2Credit Small Business Lending Index released in February, the approval rates of small business loan requests at big banks have fallen for nine consecutive months.
Gov’t to Start Looking for Bias in Small Business Lending
Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau last week.
C&I Lending Surged in Q4
Commercial and industrial lending, typically a strong indicator of how the economy is doing, surged in the fourth quarter of 2018, but the Federal Reserve is signalling it may hold off on future interest rate hikes.
Like The Economic Recovery, C&I Lending Has Been Hard To Gauge
Trying to pinpoint the next recession, or how much more the economy can grow, has left many economists and experts baffled, primarily because the recovery since the recession has been filled with many mysteries.
A Faithfull Shepherd
Doug Faithfull broke into the commercial real estate business with little more than plucky determination and an interest in real estate. He got his start as a real estate appraiser, but after a few years of that at Old Stone Bank, he started pushing for a chance at commercial lending. He’s now the head of commercial lending at Cambridge Savings Bank.
