In a year when Massachusetts businesses received nearly $6.9 billion in another round of Paycheck Protection Program lending, the U.S. Small Business Administration’s traditional loan programs also provided an additional $970 million in funding to small businesses.
Boston-based Berkshire Bank has taken steps to assist both retail and small business customers facing financial hardship due to the economic impact of the coronavirus.
Massachusetts is one of several states Bank of America will target in 2019 for its expanding environmental Onsite Solar initiative.
Credit quality in Massachusetts ranked about average compared to the rest of the country.
Massachusetts had the third best state economy in the study, behind only Washington and Utah.
It may not surprising to those who live here, but Massachusetts has been named the most innovative state in the country by a recent study.
A group of states including Massachusetts has approved a number of recommendations from the fintech industry to streamline the licensing of fintech companies.
The small town of Berkley finally has its very first bank branch.
Wells Fargo Bank N.A. will pay over $6 million to Massachusetts to resolve allegations that it violated state consumer protection laws by using various unfair and deceptive practices against customers.
One Romanian national was sentenced and two Romanian nationals plead guilty earlier this week in federal court in Boston in connection with an ATM skimming scheme operating throughout Massachusetts and other states including Connecticut, New York and South Carolina.
A small Massachusetts credit union is making national headlines after it announced last week that it would serve recreational marijuana businesses, making it the first financial institution in the Bay State to wade into what is expected to be an absolutely massive industry.
JPMorgan Chase and other big banks gear up to open retail branches in Massachusetts for the first time.
The Massachusetts Division of Banks reports branch activity in June.
Bank certificate of deposit rates in Massachusetts continue to tick up, many now well past 2 percent.
Massachusetts has the third best economy in the country, according to a recent WalletHub study.
Massachusetts is the eighth best state in the U.S. to find a job, according to a recent study.
Massachusetts spent almost 1 percent of total state government expenditures on costs associated with the opioid crisis in fiscal year 2015.
Strong economic activity in the commonwealth has allowed the state to maintain a high credit rating. But this could change if the cycle turns and Massachusetts doesn’t get a handle on its debt.
For the first time in nearly a decade, there is a proposal to form a new bank in Massachusetts.
The planned creation of 1,600 megawatts of offshore wind power should create over 3,000 “job years” during construction over the next 10 years and generate between $675 million and $800 million in direct economic output in Massachusetts.
