Numerous local bank CEOs tried to allay depositors’ concerns this weekend that the collapse of Silicon Valley Bank could spell trouble for local lenders. They also had some extra help, in the form of Massachusetts’ own Deposit Insurance Fund.
Three community banks have made charitable donations totaling $1.5 million toward the renovation and expansion of Gloucester’s library.
Newburyport-based Institution For Savings has made a charitable donation of $1 million to Sawyer Free 2025.
Two years after the start of the pandemic drove more customers to adopt digital banking when branch lobbies closed, a recent study found that Boston has one of the highest increases in branch closings among U.S. metropolitan areas.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Eight banks across Massachusetts have formed a partnership to turn a longstanding financial literacy event for high school students into a virtual experience this spring.
The Institution for Savings turned 200 this year, but as the bank focused on keeping employees safe and helping customers affected by the coronavirus crisis, celebrations were placed on the back burner, President and CEO Michael Jones said.
As quickly as banks and credit unions transformed their operations in response to the coronavirus pandemic, reopening branch lobbies will likely not happen with the same speed.
Banks and credit unions trying to attract and retain new customers frequently worry about their technological capabilities, but a new survey suggests poor customer service is over three times as frustrating to their clients as poor technology
A Gloucester man was sentenced yesterday in Boston federal court for a bank robbery committed while wearing the same clothes he wore in a photo posted to social media just days before the robbery.
There are many different ways to succeeding in the mortgage business, but Luisa Bedoya of MSA Mortgage has built her career on focusing on Latino homebuyers. Her strategy is beginning to pay dividends, helping her originate close to $90 million in total loan volume in 2018.
The Institution for Savings in Newburyport is planning to open its first full-service branch in Amesbury, the company announced Wednesday. The bank recently signed a purchase and sale agreement to purchase the building located at 150 Main St., the site of a former TD Bank branch that closed in early December.
The Institution for Savings in Newburyport recently received approval from the local Zoning Board of Appeals to build a new full-service branch on the site of the former Hamilton Gardens.