Volunteering to Be Top of Mind
Bank philanthropy can feature a lot of standing next to oversized checks. PeoplesBank Chief Administrative Officer Amy Roberts and her colleagues are putting in the hard work, as well.
When Food Stamps Stopped, Banks and CUs Stepped Up
When this fall’s government shutdown cut off federal food assistance and government workers’ pay, local lenders tried to bridge the gap, regardless of the political risk.
PeoplesBank President Hints at Eastern Mass. Expansion
PeoplesBank President and CEO Brian Canina says the Holyoke-based bank is eyeing Eastern Massachusetts growth in the coming years.
Small Mass. Banks, CUs Face Heavy Tech Lift
Monopoly power isn’t just lurking in consumer prices. Data shows smaller lenders face disproportionately high – and rising – costs for their operating system software.
End of a Momentous Chapter for PeoplesBank
As CEO of PeoplesBank, Tom Senecal has led the mutual bank through some huge changes in the last 10 years, and helped set its course for the future.
PeoplesBank Converts to Cloud Platform
PeoplesBank says it’s become the largest U.S. community bank to fully operate on a cloud-native core banking platform after successfully converting to the Nymbus Banking Platform.
PeoplesBank CEO Tom Senecal Announces Retirement
After 30 years at PeoplesBank, chairman and CEO Tom Senecal announced that he will retire at the end of 2025.
Cornerstone Bank Merging With Athol Savings Bank
The merger would expand Cornerstone into North Central Massachusetts and comes less than a year after it merged with PeoplesBank.
PeoplesBank Acquires Naming Rights to Hartford Arena
Holyoke-based PeoplesBank has continued to invest in marketing for its Connecticut expansion by acquiring the naming rights to an arena in Hartford.
A Banker Trying to Walk the Walk
Corporate responsibility is part of PeoplesBank’s DNA, but under Matthew Bannister’s leadership it also became a key tool as the Holyoke bank expanded into Connecticut.
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.
PeoplesBank and Cornerstone Bank Complete Merger
PeoplesBank and Cornerstone Bank say they have completed the merger of their holding companies into one $6 billion-asset entity.
Community Good Works
Boston-based First Priority Credit Union donated $1 million to Brockton homeless services and housing provider NeighborWorks Housing Solutions. The money will fund the predevelopment phase of a permanent supportive housing project in Quincy. See who else gave back.
With Debt Cheaper, Expect Bank M&A Rebound
The fall opened with flurry of bank M&A in Massachusetts, and more deals could be on the horizon as the Federal Reserve follows through on promised rate cuts.
With NIL Deal, PeoplesBank Aims to Boost Its CT Brand
PeoplesBank is continuing to invest in growing its Connecticut presence with a new, multifaceted, multiyear partnership with Storrs Central, an independent sports news site for passionate fans of University of Connecticut athletics.
PeoplesBank, Cornerstone Bank to Merge
Western Massachusetts’ biggest local bank and a prominent Worcester-area community bank say they plan to merge holding companies, the latest pair of mutual banks to combine using this increasingly popular method.
PeoplesBank Hits $4B Assets, Names New President and CFO
PeoplesBank has made three major announcements to the start of the year: reaching the $4 billion mark in assets, executive changes and promotions in its top leadership team and plans to open two more branches in Connecticut.
Banks Turn to ITMs to Evolve Branches
Some of the largest local banks in Eastern and Central Massachusetts are using video-enabled ATMs to free branch staff to provide higher-touch advice and service to customers.
PeoplesBank to Open ‘at Least’ Four ITMs in CT Branches
Holyoke-based PeoplesBank is set to open “at least” four interactive teller machines in its Hartford-area branches in what it calls an “opportunistic expansion” of its ITM network.
The Fed’s New Instant Payments System FedNow Goes Live
The Federal Reserve’s instant payments system launched today to support banks’ and credit unions’ immediate transfer of customer funds.
