Community Good Works
Vantage Builders Raised $50,000 to a support center for military families receiving care in Boston. See who else gave back.
Old Tool Resurfaces as Banks Confront Mass. Racial Disparities
Massachusetts banks looking to level the playing field for prospective homeowners and business owners who have experienced discrimination in the past are turning to an old, but rarely-used concept: special-purpose credit programs.
A Liquidity Provider in the Housing Space
While high costs continue to dominate the housing market, Federal Home Loan Bank of Boston under Timothy J. Barrett has been going beyond its statutory responsibilities to fund affordable homeownership.
Hard Work, New Products Power Growth
To earn its spot in Banker & Tradesman’s annual Fast 50 rankings, Newburyport Bank nearly quintupled its loan volume, the most of any bank in the rankings.
Personnel File – No. 359
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Community Good Works
Berkshire Bank volunteers packaged over 47,000 meals that were then donated to Veterans at Veterans Inc. and the Worcester Food Pantry during its annual X-Day, bank-wide volunteer event. See who else gave back.
Community Good Works
The Federal Home Loan Bank of Boston announced a $250,000 donation to the Vermont Community Foundation to support flood relief and recover efforts after a series of devastating storms swept across the state this month.
Timothy Barrett Named FHLBank Boston’s Next Leader
The Federal Home Loan Bank of Boston has named Timothy J. Barrett its next president and CEO, replacing Edward A. Hjerpe III, who had announced his retirement earlier this year.
Lenders Seek Outlets for Capital as Deposits Build Up
Even as the pandemic shuttered businesses and led Massachusetts to the highest unemployment rate in the country, billions of dollars flowed into the state’s banks.
Senior Bankers Think Branches Will Remain Key, Post-COVID
Even with limited or no access to bank lobbies during the pandemic, bank leaders still expect branch lobbies to remain a key channel for customers.
Boston Housing Authority Project Among 19 Awarded Millions in Affordable Housing Grants
Seven projects in Massachusetts have received nearly $12.2 million in financing from the Federal Home Loan Bank of Boston, which will fund the creation or preservation of 779 affordable housing units in 19 projects.
Community Good Works
The holiday season is in full swing, and banks, credit unions and construction firms are already giving it all they’ve got.
Community Good Works
Diversity is the operating word in this week’s Community Good Works, as 7 financial institutions and an insurance agency each dedicate themselves to a different cause.
