Middlesex Savings Bank Opens First Worcester Branch
The $6.2 billion-asset Middlesex Savings Bank is opening a new branch in Worcester, its first location in Central Massachusetts.
Tight Battle for Few Mortgage Customers to Persist in 2024
Residential lenders in Massachusetts think a challenging, high interest rate environment will continue to weigh the mortgage market down in 2024, pushing lenders to be more resilient and creative to attract more business.
Personnel File – No. 331
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest installment of Banker & Tradesman’s Personnel File.
Middlesex Savings Names Next CEO
One of the state’s largest mutual banks announced its CEO succession plan Wednesday morning.
MetroWest Portfolio Gets $96M in Financing
The owner of a warehouse in the Interstate 495 Corridor has received a construction loan for a new property and refinanced its existing warehouse next door.
Urban Edge Buys Hyde Park Retail Property
A neighborhood retail center in Boston’s Hyde Park has been acquired by Urban Edge Properties for $32.9 million.
New Wilmington Development Gets $39.1M in Financing
A 214,440-square-foot Wilmington industrial development that broke ground in late winter received $39.1 million in construction financing.
Middlesex Savings to Open Westborough Branch
Middlesex Savings Bank will continue its expansion into Central Massachusetts with a new branch in Westborough.
Mutual Banks Eye Growth Options After Eastern Conversion
Now that Eastern Bank has become a stock bank, giving up its status as the nation’s oldest and largest mutual bank, the Massachusetts banking landscape could see even more changes in the years ahead.
Banks Turn to Online Portals to Process PPP Forgiveness
With 118,000 Massachusetts small businesses, nonprofits and independent contractors receiving loans through the Paycheck Protection Program, lenders must now work on the forgiveness phase.
Calare Acquires Chelsea Flex Property for $10.4M
Framingham-based developer Calare Properties has acquired a Chelsea industrial property leased to an educational collaborative for $10.4 million.
Maynard Mixed-Use Project Lands Bank Branch Tenant
Maynard Crossing, an under-construction mixed-use retail plaza in Maynard, has secured a tenant for its bank development pad.
More Bank Branches Close Throughout State
Massachusetts communities saw more changes at bank branches Tuesday as the spread of the coronavirus continued. Bank branches throughout the state have closed, with some offering services at drive-up windows only and others shutting down entirely.
Community Good Works
Banks, a major law firm and a national electrical contractor all made substantial gifts to their communities in recent weeks.
Middlesex Savings Bank Donates $520K to First Responders
Middlesex Savings Bank’s charitable foundation has donated $520,000 to 52 local police and fire departments.
Community Good Works
Members of the banking industry gave back to their communities in a variety of ways this week, including several large grants to local nonprofits.
Middlesex Savings Gives Away $742K to Local Nonprofits
Middlesex Savings Bank’s private charitable foundation has awarded more than $700,000 in grants to nonprofit organizations in eastern and central Massachusetts.
Banks, Credit Unions Renew Turf Battle on Beacon Hill
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.
Rhode Island Man Indicted for Somerville Armed Bank Robbery
A Rhode Island man was indicted today by a federal grand jury in Boston in connection with the May armed bank robbery in Somerville that resulted in shots fired.
Needham Bank Partnership Aims to Draw New Customers
The town of Ashland and Needham Bank have inked a first-of-its-kind public-private venture that should help attract new businesses to Ashland’s downtown and generate new small business loans at Needham’s Ashland branch.
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