Fed Assesses $17K Penalty on BankESB

The Federal Reserve Board assessed a $17,000 penalty against Easthampton Savings Bank – known by its brand name bankESB – for allegedly violating National Flood Insurance Program regulations.

M&T, Citizens, Santander Pass Fed Stress Test

The nation’s largest banks, including many key to the New England economy, have strong capital levels and would be able to continue lending to households and businesses during a severe recession, according to the Federal Reserve’s annual stress test.