Female Bankers Praise Growing Presence in Mass. C-Suites
Four women have become heads of local banks and credit union so far this year, and female executives say that they have more opportunities than before.
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.
Personnel File – No. 418
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
AI Making Phishing Threat Dramatically Worse for Local Banks
Scammers around the world use artificial intelligence to trick their way inside banks and credit unions’ systems. And over half haven’t adopted a key prevention tool.
Personnel File – No. 414
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. 411
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Big Costs Could Limit Small Banks’ Ability to Merge
This year started off looking like a bumper year for bank M&A in Massachusetts. But there’s an anchor out there that’s likely holding back more combinations.
Reading Cooperative Bank Merger Given Green Light
The merger of Reading Cooperative Bank and Wakefield Co-operative Bank has been approved by regulators and will officially close on May 1, the two banks announced Tuesday.
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.
Local Bankers Optimistic After Fed Moves Wednesday
While the Federal Reserve held fast despite jitters that have gripped the national economy in recent weeks, local bankers are remaining optimistic about the potential for lower interest rates this year.
Personnel File – No. 393
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Reading Coopertaive Bank Hires New CFO
Reading Cooperative Bank has hired Carol Houle as its new chief financial officer just days after announcing a plan to combine with nearby Wakefield Cooperative Bank.
Reading Co-op, Wakefield Cooperative Announce Merger
Reading Cooperative Bank and Wakefield Cooperative Bank say they will be entering into “a partnership” that will leave Reading Cooperative as the surviving brand.
When Fraud Hits, Some Banks See Opportunities for a Win
New data shows if banks want customers to view them favorably, how instances of fraud are handled is crucial.
As Potential Rate Cuts Loom, Banks’ Waiting Game Begins
An end to successive quarters of profit margin compression at local banks could be near, thanks to an expected interest rate cut that opens the door to reduced deposit expenses.
Local CEO Elected to Head Nation’s Bankers
The head of Reading Cooperative Bank is now the leader of the American Bankers Association for the next 12 months.
Banks Grapple with Dilemma: Recession or Soft Landing?
Massachusetts’ banks are caught between conflicting economic signals – growing concern about commercial real estate loans on one side, positive business sentiment and a record-low state unemployment rate on the other – and appear to be reacting conservatively.
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.
Reading Cooperative Cuts Ribbon on Downtown Lawrence Branch
Reading Cooperative Bank said it is looking to serve Lawrence’s underbanked population with the opening of a new branch there.
