Everett Bank, Enterprise Bank Saw Better than Expected Q2 Net Income
Successful lending strategies propped up their second-quarter financial performance despite headwinds from high interest rates and intense competition for deposits.
Everett Bank to Open New Branch in Woburn
Everett Bank plans to open a new branch in Woburn, the bank’s third location.
Everett Bank’s Assets Grew 60 Percent in 2022
Everett Bank saw its total assets increase nearly 60 percent to more than $1 billion last year, its first year as a stock bank.
Everett Bank’s Donation Led to Third-Quarter Loss
In a quarter that included its conversion to a stock bank, Everett Bank saw a third quarter earnings loss, driven by a donation to its new charitable foundation.
Everett Bank Adds to Multifamily Loan Portfolio in Lead-Up to IPO
Everett Bank saw its multifamily real estate loans increase by nearly 80 percent during the first six months of 2022, the bank’s final quarters before converting to a stock bank.
Everett Bank Raises $89M in Stock Conversion
Massachusetts now has another stock bank after Everett Bank converted from a mutual cooperative bank yesterday, raising $89.2 million in its initial public offering.
Everett Bank Needs to Sell More Shares to Convert
With preliminary results showing that Everett Bank has not sold enough shares to complete its initial public offering, the bank has extended the deadline for purchasing shares and adjusted the maximum purchase limits for some prospective shareholders.
Everett Bank to Go Public After Big Hires
After hiring former executives from East Boston Savings Bank and Century Bank, Everett Bank has revealed its next move: The $666 million-asset bank plans to convert to a stock bank.
EBSB Exec Skips Rockland Trust to Join Everett Bank
Everett Bank, a cooperative bank with about $666 million in assets and two branches, has hired former executives from Century Bank and East Boston Savings Bank after both banks were acquired in November.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
A First Step in Everett Square’s Renewal
The city of Everett is sending the word to regional and national developers that its downtown is ready for a long-overdue refresh. And the message seems to be hitting its target.
