Enterprise Bank Picks Newgen to Boost Commercial Lending Software
Enterprise Bank, which will be merging into Rockland Trust has boosted its commercial lending capabilities ahead of the combination.
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.
Local Banks Have Opportunity to Fill First Republic’s CRE Niche
But in the wake of JPMorgan Chase’s $10.6 billion acquisition of the now-failed lender, local real estate executives say First Republic filled roles in the industry ecosystem that will be hard to replace.
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.
Cambridge Savings Bank Provides Financing for Formaggio Kitchen
Cambridge Savings Bank has provided $5.3 million in lending to support new ownership of Formaggio Kitchen, a regional chain of gourmet food stores.
BayCoast Bank Provides Financing for Port of New Bedford Site
Swansea-based BayCoast Bank has provided financing for a project that will redevelop a former coal-fired power plant on the New Bedford waterfront into an area that will support offshore wind turbines.
Rockland Trust Provides Financing for Group Homes
Rockland Trust has provided more than $13 million in financing to MAB Community Services for the purchase of 16 group homes MAB has been leasing to provide housing for 80 people with disabilities.
CRE Lending Powers Fast Community Bank Growth
Local lenders have emerged as big winners from the 65 percent year-over-year- growth in commercial mortgage volumes statewide this year. But the risk of a recession is causing some to grow more cautious.
New Jersey Bank Extends Health Care Lending to Massachusetts
A New Jersey-based bank has expanded its health care banking services into several states, including Massachusetts.
Cambridge Savings Bank Provides Financing for Wealth Management Firm
Cambridge Savings Bank has provided $26 million in financing to a wealth management company that has been expanding its business along the East Coast.
Commercial Lenders Look for Effects of Rising Rates
While lenders began 2021 anticipating some interest rate increases this year, the changing rate environment in recent weeks has added another challenge to commercial real estate lending.
Disruptions and Challenges Likely Ahead for 2022
If ever we needed a crystal ball, it would be now. Since the start of the pandemic, banks have dealt with unprecedented disruptions and challenges. It appears that 2022 may be no different.
Interest Rates Are the Key Factor in Forecasting 2022 Lending
I’ve been in the business long enough to remember when the prime rate was set at 22 percent. I’m not saying that’s going to happen, but even if the prime rate doubles, companies’ ability and desire to borrow would change dramatically.
Amid M&A, Brookline Bank Looks for Organic Growth
With three bank mergers now complete – and another acquisition in the region still to come – Greater Boston’s banks have found themselves operating in an altered landscape.
Conditions Point to Loan Growth
More than a year after the start of the pandemic saw banks and their customers confronting the unknowns of a public health crisis and a recession, the latest quarterly earnings results for Massachusetts-based banks continue to point to an improving outlook.
Lenders Confront Cautious Business Borrowers
COVID-19 vaccines have started landing in the arms of Massachusetts’ first responders and nursing home residents. But for now, businesses remain cautious about expansion plans for 2021, changing the characters of some banks’ commercial loan portfolios and increasing their share of real estate loans.
MBA Forecasts Big Drop in Lending for Developments This Year
The COVID-19 pandemic’s nearly year-long drag on the commercial real estate industry will likely lead to 2020 closing out the year with a large drop in loans issued by commercial and multifamily mortgage bankers.
Banker & Tradesman’s Editorial Cartoon: Cash Angels
There are more things you can do with a big pile of cash than make “snow angels.”
Lenders Seek Outlets for Capital as Deposits Build Up
Even as the pandemic shuttered businesses and led Massachusetts to the highest unemployment rate in the country, billions of dollars flowed into the state’s banks.
Commercial Real Estate Lending Eases in Q2
Commercial real estate mortgage markets navigated a difficult period in the second quarter of 2020 following the onset of COVID-19.
