FoxRock Refinances Quincy Office Building for $27M
Quincy-based commercial real estate company FoxRock Properties recently refinanced a North Quincy office building for $27 million.
Banks, CUs Stare Down Deposit Retention Challenge
High interest rates on deposit products helped several smaller local banks come away from the spring banking turmoil with big hauls. But can they keep those new customers now that the crisis has passed?
Metro Credit Union Scooped Up $200M in Deposits from Spring Bank Failures
Metro Credit Union said it was one of the financial institutions able to grab depositors from the spring bank failures in March, taking in more than $200 million in deposits.
Fraud Fears Greet FedNow’s Launch
The Federal Reserve launched its instant payments system, FedNow, on July 20, but many local banks are taking a wait-and-see approach in the face of fraud concerns.
Community Good Works
Clinton Savings Bank Clinton Savings Bank announced...
Personnel File – No. 337
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
Community Good Works
Hanscom Federal Credit Union participated in the South Boston St. Patrick’s Day Parade with a float honoring veterans and their families as well as veteran organizations Hanscom FCU supports, including Home Base, Veterans Inc., Clear Path for Veterans and Mass Fallen Heroes. See how others gave back recently.
2022’s Top Lenders Grabbed Market Share in Tough Year
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.
We’re Making the Four-Day Week Work in Retail Banking
We’re committed to remaining nimble and responsive so that we can always deliver exceptional service to our members and provide employees with the flexibility they need to be happy and healthy.
Metro Partners With ICIC to Help Latino Business Owners
Chelsea-based Metro Credit Union has partnered with the Initiative for a Competitive Inner City to sponsor a virtual educational program offered in Spanish for Latino small business owners.
Former Metro Credit Union Employees Charged With Embezzlement
Two former employees of Chelsea-based Metro Credit Union have been charged with embezzling $137,000 from the credit union’s general ledger.
Personnel File – No. 294
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Higher Wages Part of Credit Union’s Strategy
A new program at Chelsea-based Metro Credit Union will pay branch and service center staff – both new hires and existing employees who apply for the program – a minimum annual salary of $50,000, higher than some of the recent wage adjustments made by large national banks.
Metro Credit Union Program Will Pay $50K Minimum Annual Salary
Chelsea-based Metro Credit Union will pay an annual salary of at least $50,000 through a new program that will require employees to learn at least one skill outside their job function.
Why We’ve Grown Metro CU’s Branch Network by 25 Percent
Despite many consumers opting for a digital-first banking experience, many customers still want in-person interactions for a range of different services, even if they may use online tools for other banking activities.
Metro Credit Union Opens West Roxbury, Dorchester Branches
Chelsea-based Metro Credit Union has opened a new branch in West Roxbury, its 17th location and third new branch this year, the credit union said in a statement.
Personnel File – No. 278
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
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.
Metro Credit Union Opens 16th Branch
Chelsea-based Metro Credit Union has opened its second branch in Peabody, its 16th branch overall.
Metro Credit Union Opens Reading Branch
Chelsea-based Metro Credit Union has opened a new branch in Reading, the credit union’s 15th branch.
