ZSuite Raises $11M in Funding
Westwood-based ZSuite Tech has raised $11 million in a funding round led by a banking trade group and an investment fund focused on community banking.
Mhatre Out as Webster’s Head of Community Banking
Webster Bank has ended Nitin Mhatre’s tenure as head of community banking in a move that could point to challenges facing community banking.
Admirals Bank Completes $26.5M Recapitalization
A recent private placement offering has brought Admirals Bank’s capital levels well above the threshold for a “well capitalized” bank, letting the once-troubled institution chart a new path forward.
Banks Need to Take the Lead to Make Fintech Mainstream
I spent a few weeks last month examining the love triangle between community banks, fintechs and the companies that provide banks with the core processors they need to make daily loan, deposit and credit transactions.
Baker Appoints Tuli to MassHousing Board
Sushil K. Tuli, chairman and president of Leader Bank, was yesterday appointed to the MassHousing board of directors by Gov. Charlie Baker.
More Similar Than Different
Joseph Casey grew up in Chelsea and has worked at small financial institutions all over the state. Named president of Brockton-based HarborOne Bank earlier this year, he has an intimate knowledge of community banking.
Community Banks, Credit Unions Offering More Attractive Checking Accounts
While not higher than credit unions, the study shows that community banks are offering better interest rates than small, regional and national banks with a .41 percent interest rate on a $1,000 balance.
Culture And Community
Meg McIsaac originally got into banking at her sister’s urging, interning at Bank of Boston and later enrolling in its management training program.
FDIC Announces Agenda For Community Banking Update Meeting
The Federal Deposit Insurance Corp. will host a meeting of the Advisory Committee on Community Banking this Wednesday.
