The Massachusetts Bankers Association has elected a new chair and seven new members to its board of directors.
Peter Brown, president and CEO of Dedham Savings, was chosen as the trade association’s 2021-2022 chair. His term began July 1.
COVID-19 is pushing banks to weed out inefficient, manual business processes. And the effort promises to help their workers, too.
With the pandemic driving many customers away from branches and accelerating the adoption of online and mobile technology, banks face the prospect of long-lasting changes to how they interact with customers.
For the first time since 1997, the Massachusetts Bankers Association has a new leader, with Kathleen Murphy taking over for Daniel Forte, who retired at the end of October.
The banking industry has a long history of contributing to ongoing racial inequities with its lending policies and practices, but some banks want to reverse this damage.
Daniel Forte, the long-time leader of the Massachusetts Bankers Association, will retire in October, and his counterpart from Maryland will become the new head of the Massachusetts trade group.
The Massachusetts Mortgage Bankers Association has come out against efforts to extend the state’s eviction moratorium past its Aug. 18 expiration date, saying “we strongly feel [it] will have an adverse impact to lending and recovery in Massachusetts.”
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
In a letter yesterday to the U.S. Conference of Mayors, acting Comptroller of the Currency Brian Brooks said requirements that people wear face masks in public could lead to more bank robberies.
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.
With final guidelines not published until after 5 p.m. yesterday, many Massachusetts banks and credit unions have not started accepting applications for the $349 billion small business loan program created by the CARES Act.
By late afternoon on Thursday, banks and credit unions had not received final guidance on the new small business lending program created by the CARES Act, putting the program’s Friday start date in jeopardy for many lenders.
Banking and lending will feel impacts from the $2 trillion federal Coronavirus Aid, Relief and Economic Security (CARES) Act passed last week, most notably the new loan U.S. Small Business Administration loan program.
Banks and credit unions could face additional regulations as state legislators seek to govern what companies do with consumer information in the absence of federal standards.
Credit unions and banks, long at odds over the differing regulations they face, renewed sparring Wednesday over several bills that industry leaders on either side claim gives the other an unfair advantage.
The Massachusetts Bankers Association recently elected new officers and members to its board of directors, including Donald P. Gill, president and CEO of Weymouth-based Coastal Heritage Bank, as board chairman.
Organizations representing Massachusetts’ business community, including the banking industry, have come in for criticism from a new report on leadership diversity in the state from the Boston-based Eos Foundation.
The Massachusetts Bankers Association recently announced that its charitable foundation has set a new record in its annual year-end community grant season, gifting 45 grants totaling $163,000.
Bank robberies decreased marginally in federal fiscal year 2017 from the prior fiscal year and declined in New England overall, according to data from the Boston division of the Federal Bureau of Investigation.
All 52 state bankers associations including the Massachusetts Bankers Association have penned a letter to Sen. Orrin Hatch (R-Utah), the chairman of the Senate Finance Committee, praising his efforts to fight the credit union tax exemption.
