Cape & Coast Bank Adds Trio of Executives
Cape & Coast Bank has added two new executives and promoted a third as its CEO says the bank aims to “accelerate growth.”
A Long-Term Perspective for Volatile Times
After years of working for large banks, Steven Finocchio is switching teams to join Metro Credit Union as CFO, where he’ll run the financial strategy that supports its lending activities.
Metro Credit Union Names New CFO
Metro Credit Union has added a new face to its leadership: Stephen Finocchio, formerly CFO at HarborOne Bank before its acquisition in 2025.
Eastern-HarborOne Merger Leads to Layoffs
As a result of Eastern Bank’s merger with HarborOne Bank, 75 Eastern Bank employees have been laid off.
Eastern Bank Gets Regulatory OK for HarborOne Acquisition
Eastern said it expects to formalize the tie-up on Nov. 1, but a core systems conversion won’t take place until next year.
Community Good Works
It’s scholarship season for local banks and credit unions. In the past week, alone, Massachusetts financial institutions announced nearly $170,000 worth of grants. See who gave back.
Low-Risk Multifamily Market Attracts Increased Bank Investment
Multifamily has become the almost last asset class standing when it comes to ground-up commercial development in Massachusetts, and banks are increasing their involvement in the sector accordingly.
Eastern Bank to Buy HarborOne in $490M Deal
Eastern Bank says it’s agreed to buy HarborOne Bank in a cash-and-stock deal that will give the former a substantial beachhead in the Rhode Island market.
HarborOne Bank Partners With Wealth Management Platform
HarborOne Bank has partnered with Osaic Institutions, one of the nation’s largest providers of wealth management platforms.
Downtown Marlborough Development Gets $41M Financing Package
Procopio Cos. moved forward with its second multifamily development in Marlborough this year after acquiring a parcel near downtown and receiving $41.4 million in financing.
HarborOne and NeighborWorks to Redevelop Downtown Brockton Ex-HQ
HarborOne Bank recently transferred ownership of the bank’s former headquarters at 68 Legion Parkway to NeighborWorks Housing Solutions, to unlock a new redevelopment.
With Refis Pricey, HELOCs Kept Customers Satisfied
Prospective home sellers felt trapped in 2023, but watched their equity hit record levels. That made renovations funded by home equity loan products an attractive option – something Massachusetts’ top loan originators were happy to offer.
Mortgage Company Drags Down HarborOne Bank’s Q4 Profit
HarborOne Bank recorded a net loss in the fourth quarter of the year as a challenging mortgage market forced it to record a goodwill impairment charge at its mortgage company subsidiary.
Photos: 2023 in Philanthropy
The developers, banks, construction companies, credit unions, real estate brokerages, property managers and others in Massachusetts’ real estate and banking industries had a busy year when it came to giving.
HarborOne Profitable in Third Quarter on Higher Deposits, Loans
Brockton-based HarborOne Bank saw profitability quarter-on-quarter as it attracted more deposits and slightly more loans, despite the high-interest rate environment dragging its performance year-on-year.
94-Unit Development Opens in Union Square
A recently-completed project by a trio of Boston-area developers created 94 apartments on a former plumbing company headquarters on the outskirts of Somerville’s Union Square.
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
Eight Massachusetts banks banded together to raise $300,000 for the nonprofit Heading Home, which works to end homelessness. See who else gave back.
HarborOne Bank Partners with POS Provider
HarborOne Bank is enhancing its merchant services offerings for retailers and other businesses with by partnering with cloud-based point of sale system maker Clover.
Higher Deposit Costs Drag Profits at Four Mass. Banks
BankProv, HarborOne, Westfield Bank and Colonial Federal Savings all suffered from lower profit margins in the second quarter amid the high interest-rate environment and tight competition for deposits.
