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.
Food Hall to Anchor Downtown Lawrence Development
A Methuen development firm will use financing from Reading Cooperative Bank and MassDevelopment to construct housing and a food hall in a downtown Lawrence project set to begin next month.
Personnel File – No. 329
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.
Smart Textile Manufacturer to Buy Lynn Property for Expansion
A vacant industrial building in Lynn will be updated to become the new home of a manufacturer that supplies heated gloves and boots to the U.S. military.
Banks, Cores Increasingly at Odds Over Service
Banks are becoming less and less satisfied with the vendors providing their core banking technology even after four years of work by industry leaders to bridge gaps in how each side sees the other.
Banks, CUs Hope to Scoop Up Laid-Off Fintech Workers
As layoffs send fintech workers out into the job market, community banks and credit unions could see a longstanding disadvantage in landing talent evaporate.
Personnel File – No. 323
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the latest issue of Banker & Tradesman’s Personnel File.
Personnel File – No. 307
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
CRE Lending Powers Fast Community Bank Growth
Local lenders have emerged as big winners from the 65 percent year-over-year- growth in commercial mortgage volumes statewide this year. But the risk of a recession is causing some to grow more cautious.
