Personnel File – No. 433
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Metro Credit Union Names New CFO
Metro Credit Union has added a new face to its leadership: Stephen Finocchio, formerly CFO at HarborOne Bank before its acquisition in 2025.
ADU Financing Seen as Biggest Obstacle to Adding Inventory
Despite the availability of second-mortgage and home equity loans, many homeowners still face budget gaps that keep them from adding an ADU.
Mass. CUs Want Share of Bank M&A
When Hanscom Federal Credit Union bought a Maryland bank last month, it did something that’s illegal for its state-chartered peers.
As Consumers Get Stretched, Financial Institutions Adapt
Consumers financial health is hitting new lows, and Massachusetts financial institutions are developing new products and rethinking their operations to adapt.
Why Local Banking Is Essential for Massachusetts
Amid a wave of innovation, one truth remains: local banking remains essential – not just for convenience, but for the economic health of Massachusetts.
Board Battles Aren’t Just for Big Banks
Eastern Bank executives’ developing battle with an activist investor is throwing the spotlight on the challenges even small bank and credit union executives can run into.
Personnel File – No. 423
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
The $25-Per-Hour Test Is Here for Local CUs, Banks
Starting this month, Bank of America will be paying its front-line staff at least $25 an hour. Here’s how smaller Massachusetts lenders are responding.
Mass. Banks, CUs Turn to AI in Search of Advantage
More consumers are turning to artificial intelligence for financial advice. That’s pushed local credit unions and community banks to use AI to gain a competitive edge.
Banking Apps Crucial for Customer Satisfaction
Banking apps and websites are ubiquitous and necessary to a bank’s success. Customers no longer like a banking app – they require one. The gap between the best-performing and lowest-performing apps and websites has shrunk to its lowest level to date.
Personnel File – No. 408
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Personnel File – No. 406
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Beacon Hill Could Allow Credit Unions to Absorb Mutual Banks
A bill that would allow for Massachusetts credit unions to take over mutual banks passed its first hurdle yesterday: Getting a committee hearing.
In Tariff War, Mass. Banks Could Lose
The Trump administration’s back-and-forth tariff policy is engendering skepticism from local financial institutions at the same time it appears to be scaring consumers and local businesses.
Execs See Pressures Building for More Bank M&A in 2025
With the Federal Reserve expected to dramatically slow its pace of rate cuts, top Massachusetts bankers say they anticipate more consolidation this year.
Personnel File – No. 397
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Community Good Works
Clinton Savings Bank announced it collected around $10,000 worth of toys and other donations for local families in its first-ever holiday toy drive. See who else gave back.
How the Credit Union Difference Could Help Save the Massachusetts Economy
With rent and mortgage payments encompassing almost half of one’s earnings in Massachusetts, it is becoming increasingly harder – and in some cases impossible – for residents to have financial stability.
C&I Demand Remains Low. Interest Rate Cuts Could Change That
Massachusetts banks are leaning on business lending to help them diversify away from commercial real estate lending. But demand for those loans has been shrinking for over a year.
