Rockland Trust Ups Loan-Loss Provision Amid Office Turbulence
An increase in its set-aside for troubled loans as speculation grows about a possible recession saw Rockland Trust’s net income tick downwards in the first quarter.
Keeping It Safe in an Uncertain Time
Richard “Dick” Kelly has been in banking for 40 years, and is putting that experience to the test as he steps into his latest role at MountainOne Bank – at a time when lenders everywhere are keeping a watchful eye on their commercial borrowers.
Rockland Trust Reports More Nonperforming Commercial Loans
Rockland Trust revealed two commercial loans loans worth $26 million that were not generating payments for the bank as of the fourth quarter of 2023, and a class A office loan worth $11 million that had gone into early-stage delinquency after the start of 2024.
Citizens’ Profits Down for Q4, All of 2023
Citizens saw its profitability drop in both the...
Office Sector Weakness Stirs Questions About Loans
Even as 1 in 6 square feet of downtown Boston office space sits available for lease, local banks have said that any trouble in their urban office loan portfolios will be easy to contain. But questions are being raised about how much longer that will be the case.
S&P: U.S. Banks Will Still ‘Perform Well’ Amid Slow Economy
S&P Global Ratings is expecting that American banks will still perform well this year and build capital as they face a slowed economy and tighter regulatory landscape in 2024.
Study Flags Big Value Declines at Mortgaged U.S. Office Properties
A new academic paper claims nearly 1 in 2 office real estate loans in America have negative equity, raising questions about some banks’ financial health. But the state banking trade group is pushing back against the latter idea.
