After processing more than 1,000 Paycheck Protection Program loans earlier this year, South Shore Bank has decided to use funds earned from participating in the program to help customers still affected by the COVID-19-related recession.
With COVID-19 cases rising in Massachusetts this fall and branches continuing to service customers, a local community bank has set up a regular testing program to fight the spread of the virus.
Local banks have started to see the number of loans requiring COVID-19-related modifications decline but continue to watch how the pandemic could affect their loan portfolios.
In a move aimed at reaching more small businesses, the Federal Reserve Board has reduced the minimum loan amount for the Main Street Lending Program.
Banks with more than $500 million in assets will receive temporary relief from FDIC audit requirements if they experienced growth by participating in the Paycheck Protection Program and other economic aid activities.
The nation missed a historic opportunity when President Donald Trump mounted the balcony on the south face of the White House following his release from Walter Reed Medical Center.
The Mayor’s Office is reaching out to Boston tenants at risk of eviction as the statewide eviction moratorium creeps closer to its Oct. 17 expiration.
JPMorgan Chase said Tuesday that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.
Educational institutions, hospitals, social service organizations and other nonprofits affected by the pandemic can now receive loans through the Main Street Lending Program.
A nonprofit Boston fund will offer nearly $700,000 in small business loans to spur economic development amid the COVID-19 pandemic, city officials announced Monday.
Massachusetts lenders processed an additional 5,400 Paycheck Protection Program loans in July and August, bringing the total loans received by the state’s small businesses and nonprofits to more than 118,000, according to the U.S. Small Business Administration.
Uncertainty about international college students’ return to Boston and cutbacks by corporate extended-stay providers have pushed up vacancies in the portfolio of one of the city’s largest apartment landlords.
Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic.
Massachusetts is expanding its free coronavirus testing program to eight additional communities where positive test rates are above the statewide average at the same time the number of tests being conducted is dropping.
Massachusetts will impose new restrictions on travelers from most of the United States next week, threatening fines of $500 per day for those who do not quarantine or prove they tested negative for COVID-19.
With the rise of coronavirus cases across the U.S. this summer, especially in southern and western states, the American Bankers Association has recommended that banks require anyone entering a branch to wear a face mask.
As the coronavirus pandemic drags on, a new poll finds it is having different effects on Americans’ economic wellbeing.
Restaurants, lawyers and real estate agents were among the top recipients of Paycheck Protection Program loans in Massachusetts, according to data released Monday by the U.S. Small Business Administration and Treasury Department.
Providence-based Citizens Bank processed the most Paycheck Protection Program loans in Massachusetts, according to data released by the U.S. Small Business Administration.
The Federal Reserve has finalized the last piece of the Main Street Lending Program, making it now fully operational.
