
Mass. Bank Regulator: Credit-Loss Provisions Up 39 Percent
The Massachusetts Commissioner of Banks Mary Gallagher’s annual report noted that banks and credit unions could face some challenges in 2025.
The Massachusetts Commissioner of Banks Mary Gallagher’s annual report noted that banks and credit unions could face some challenges in 2025.
Massachusetts Banking Commissioner Mary Gallagher is encouraging banks and credit unions to consider collaborating with one another to meet the demand of the Paycheck Protection Program and ensure businesses have equitable access to funds.
A new commissioner has been named at the Massachusetts Division of Banks amid an internal shuffle of senior management.