Citizens Bank Names New Head of Consumer Banking
Matt Boss was most recently executive vice president and head of U.S. consumer banking at TD Bank.
Needham Bank Names Former Citizens Exec as COO
Christine Roberts has been named executive vice president and chief operating officer of the bank.
Citizens Private Bank Hits $7B in Deposits
During its fourth-quarter earnings call, Citizens executives announced that the company’s private bank has grown to $7 billion in deposits.
M&A Activity Dominated Banking News in 2024
2024 was another busy year in the Massachusetts banking sphere.
Citizens Bank Building Out Consumer Banking Team
Citizens recently added to its consumer banking team with one hire and two promotions from within.
Eastern Bank Names New Head of Consumer Banking
Kimberly Dee was named executive vice president and head of consumer banking after two decades at Citizens.
Business Conditions in Mass. Favorable Headed into Fall
A pair of new surveys of local companies show business conditions in Massachusetts are favorable headed into the final quarter of the year.
Citizens Private Bank Eclipses $5B in Deposits
In its third-quarter earnings call Wednesday, Providence-based Citizens Bank revealed that its new private bank had eclipsed $5 billion in deposits, up from $1.2 billion at the start of the year.
Citizens Adds MGM Music Hall to Roll of Sponsored Venues
The bank now sponsors six major entertainment venues across Boston, including the House of Blues and the Paradise Rock Club.
Citizens Plans to Shrink Multifamily Loans
The bank plans to reduce its lending to multifamily real estate projects as part of a broader effort to shrink its commercial real estate loan book, executives said.
Community Good Works
KeyBank announced a $20,000 gift to the Springfield Boys & Girls Club to support a summer learning program at the club called “Brain Gain.” See who else gave back.
Younger Customers Want More Advice from Their Banks
Personalized financial advice is increasingly important to retail bank customers, especially younger ones, a new J.D. Power survey has found.
Local Lenders, Builders Lauded for $339M in Supplier Diversity Spending
Some of the biggest names in finance and real estate were cheered by the Greater Boston Chamber of Commerce this week in its annual “Pacesetter” awards, that call out firms working to diversify their supplier spending to include minority-owned companies.
Citizens Adds Biz Cashflow-Forecasting Product
The new Citizens tool, called Citizens Cash Flow Forecasting, is claimed to help small businesses predict their cash flow up to 12 months in advance.
‘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.
Citizens Reports Private Bank Deposits Up $1.2B in Q1
Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
OCC Data: Chase, Bank of America Opening, Closing Branches in Mass.
JPMorgan Chase and Bank of America have filed applications to open and close branches in Massachusetts while Citizens Bank completed the closing of some Stop & Shop branches, according to the latest data from the Office of the Comptroller of the Currency.
Citizens Bank Hires Two Private Banking Execs, Opens Boston Office
After launching its private bank and hiring around 200 bankers last year, Citizens Bank is hiring two key executives to further grow its wealth management business.
Community Good Works
Hanover bank Rockland Trust Co. donated $150,000 through its charitable foundation to Brockton Hospital. The money will help modernize its emergency room to include a behavioral health section. See who else gave back.
Citizens to Wind Down Wholesale Lending Business
Rhode Island-based bank Citizens is exiting the wholesale mortgage lending business, five months after exiting the indirect auto lending business, as well.
