Worcester’s $534 million-asset community bank Bay State Savings Bank announced a new team of executives this month, with bullish ambitions for growth, but are these dreams warranted given an interest rate environment that’s pressuring banks?
New Valley Bank President and CEO Jeffrey Sullivan has guided his four-year-old institution through explosive growth, in part thanks to an early marketing boost from PPP lending and in part from embracing the Pioneer Valley’s growing cohort of highly diverse entrepreneurs.
Who’s on the move? 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.
Eastern Bank edged ahead of Rockland Trust Company as the Massachusetts-based community bank holding the most deposits, according to the FDIC’s annual Summary of Deposits survey.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
New Valley Bank & Trust, the state’s first de novo bank in more than a decade, had opened barely nine months before the economy shut down. And it’s managed to turn the coronavirus crisis into a pair of key wins.
One year after opening as Massachusetts’ first de novo bank in more than a decade, New Valley Bank & Trust plans to expand its headquarters by moving to a former United Bank branch.
Small businesses have multiple needs from their banks, including merchant services, lines of credit and holistic support. Along with loans, some community banks are giving out advice and employee benefits to their small business customers.
Jeffrey Sullivan was part of a small group of long-time bankers who thought western Massachusetts needed more options for small business lending. To fix this, they decided to open Massachusetts’ first de novo bank in a decade.
New Valley Bank & Trust opened its doors for the first time today.
New Valley Bank & Trust, the first de novo bank in Massachusetts in nearly a decade, has received initial regulatory approvals from federal and state regulators, and is now launching fundraising mode.
The FDIC has approved New Valley Bank & Trust’s application for deposit insurance.
This week’s Personnel File features new hires, promotions and executive hires in banks and law firms from all over the state.
Springfield-bound New Valley Bank & Trust plans to put a premium on small business lending, while utilizing technology to its fullest and outsourcing a number of services in its early stages to achieve its business strategy.
