
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.
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.
Needham Bank has established a new structured finance team focused on providing senior capital to emerging and high-growth companies, including those in the renewable energy sector.
Century Bancorp, the holding company of Century Bank, continued to increase commercial and industrial lending, while also reporting double-digit income growth in the third quarter of this year.