Walden Mutual Bank Receives Regulatory Approval
The U.S. will soon see a new mutual bank launch for the first time in nearly 50 years: a New Hampshire-based de novo that plans to operate across New England and New York.
New Mutual Hopes to Pave Way for More De Novos
The backers of a new mutual bank under organization in New Hampshire say their effort could provide a template for a wave of new, mission-driven lenders and give a boost to existing mutual banks.
Building a Bank from Scratch
Jeffrey Sullivan was part of a small group of long-time bankers who thought western Massachusetts needed more options for small business lending. To fix this, they decided to open Massachusetts’ first de novo bank in a decade.
State’s First De Novo Bank in Over a Decade Officially Opens
New Valley Bank & Trust opened its doors for the first time today.
The Case for Narrow Banking
When the Federal Reserve began paying interest on reserves, James McAndrews saw an unmet demand in the institutional investor marketplace for a safe deposit service that would pay a more competitive interest rate. From this has sprung McAndrews’ latest venture, TNB USA Inc.
Group Looks to Launch State-Chartered Bank in Nashua
A group of bankers is looking to start a new state-chartered bank in New Hampshire, which would be the first bank headquartered in Nashua since 2012.
New Valley Bank & Trust Receives Initial State Regulatory Approval and Launches Fundraising
New Valley Bank & Trust, the first de novo bank in Massachusetts in nearly a decade, has received initial regulatory approvals from federal and state regulators, and is now launching fundraising mode.
East Boston Savings Bank Opens Burlington Branch
East Boston Savings Bank has opened its 37th branch office in Burlington.
Group Sees Opportunity in a Crowded Market
The state of Massachusetts hasn’t seen a de novo bank application in roughly a decade, largely because the state’s 124 resident banks have created a market categorized by fierce competition.
