Chicago Developer Sells Framingham Lowes for $33M
A Chicago real estate investor sold the 19-year-old Lowes Home Improvement store off Route 30 in Framingham for $32.6 million to local investors.
Institution For Savings Partners with Salem State University
After working with local high schools, Institution For Savings has partnered with Salem State University to bring its “Credit For Life” fair to the collegiate campus.
What Mass. Banks Are Telling Customers About SVB Crisis
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.
Gloucester Library Campaign Receives Community Bank Donations
Three community banks have made charitable donations totaling $1.5 million toward the renovation and expansion of Gloucester’s library.
Community Good Works
Newburyport-based Institution For Savings has made a charitable donation of $1 million to Sawyer Free 2025.
Community Banks Look to Future as Branches’ Role Evolves
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.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Mass. Banks Collaborate on Virtual Financial Literacy Fair
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.
An Anniversary to Remember
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.
Lenders Write New Branch Playbooks as Reopening Looms
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.
Survey Finds Poor Service the Biggest Threat to Banks’ Customer Bases
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
Gloucester Man Sentenced for Bank Robbery
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.
Top Loan Originator Sees Untapped Potential of Latino Homebuyers
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.
Institution for Savings Planning Branch in Amesbury
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.
IFS In Newburyport Plans New Hamilton Branch
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.
Institution For Savings Posts 33 Percent Loan Growth In 2015
The Institution for Savings benefitted last year from...
IFS Middleton Office Exceeds $100M Deposits In 9 Months
The Institution for Savings’ new Middleton office...North Shore CDC Completes Apartment Renovation
North Shore Community Development Coalition recently...
Henrick Lutts Realty Arranges $3.14M In Sales Via IFS Funds
Herrick Lutts Realty Partners of Beverly teamed up...
