As mortgage rates drove down refinance activity last year, some of the state’s top lenders saw their long-term strategies bear fruit as they competed for a limited number of homebuyers still in the market.
By putting its name on everything from hockey rinks to opera houses, lenders big and small are hoping they can expose their brands to consumers across a wide range of ages and social groups.
Arlington-based Leader Bank has launched an insurance subsidiary, a move the bank said would streamline the homebuying process for its clients.
While surging inflation and mortgage rates stymied the residential mortgage market this year, the industry has greeted the recent increase to next year’s conforming loan limits with optimism.
While Leader Bank’s growth didn’t happen overnight, the last two years have truly marked a new chapter for the bank. Here’s how I and Leader Bank’s committed staff took our bank from $6.5 million to $4 billion in assets and 422 employees across 22 states.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Local banks continue to bring on new staff from banks involved in recent mergers and acquisitions, with Arlington-based Leader Bank hiring four former Century Bank employees for its business and government banking team.
After two years where the U.S. mortgage market saw about $4 trillion in loan volumes each year, rising interest rates could mean the home lending industry could be in for a muted 2022. It all depends on prospective homebuyers’ reactions this spring.
Leader Bank Chairman and CEO Sushil K. Tuli has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.
Eighteen months into the pandemic, the influx of deposits continues. But many lenders are struggling to match this cash with loan growth, creating concern for the coming quarters.
Banks came out in support of students, mental health and domestic violence prevention this week.
One bank from New Hampshire, one from Massachusetts, one from Connecticut and two from New Jersey teamed up to help develop a fintech-based solution for often-manually-intensive escrow services. And the unusual approach is paying off as they learn from each other and collaborate.
Leader Bank has won the right to put its name on the Seaport’s Pavilion concert venue. Just don’t think about who else has been there, too.
Arlington-based Leader Bank has signed a multi-year agreement with Live Nation for the naming rights on the Pavilion concert venue in Boston’s Seaport District. It will now be called Leader Bank Pavilion.
When the economy began to close down a year ago, the mortgage industry faced questions about how the pandemic would affect lending. But as interest rates continued to drop in 2020, lenders soon found that consumers looking to refinance their homes would keep the industry busy.
While homebuyers will be able to keep up with rising Massachusetts home prices, lenders may be able to extend their growing refi business, too.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Even as the pandemic shuttered businesses and led Massachusetts to the highest unemployment rate in the country, billions of dollars flowed into the state’s banks.
A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tuesday.
