The U.S. economy grew at a record 33.1 percent annual rate in the July-September quarter but has yet to fully rebound from its plunge in the first half of the year — and the recovery is slowing as coronavirus cases surge and government aid dries up.
The Bureau of Consumer Financial Protection has issued an interpretive and procedural rule to implement and clarify section 104(a) of the Economic, Growth, Regulatory Relief and Consumer Protection Act.
Droves of small business owners in Boston are planning to beef up their business in the coming years.
Credit unions grew loans at a faster clip than community banks in 2017, according to data from the Credit Union National Association Mutual Group and the FDIC.
Growth at Pilgrim Bank and Melrose Bank, two banks that completed initial public offerings in 2014, has been slowing significantly over the last year and even more so this year, according to FDIC data and call reports.
Since completing the merger of Chicopee Savings Bank into Westfield Bank last December, becoming the largest headquartered bank in Hampden county, total assets for holding company Western New England Bancorp have barely moved, growing just $10 million between Dec. 31, 2016, and the end of the third quarter.
Many cities in other parts of the country have grown faster than cities in Massachusetts over the last seven years, according to a recent WalletHub study.
East Boston Savings Bank has filed applications with the Massachusetts Division of Banks to open two new full service branches in Boston.
