Mass. Bankers Takes Steps to Guide Industry DEI Efforts
With a history of leadership dominated by white men and lending practices that ended up contributing to inequity, many banks need help to elevate their DEI game, industry leaders say.
Community Good Works
Liz Tavares, a commercial broker with Jay Nuss Realty Group, helped arrange meal deliveries between Newton-area restaurants and local families, senior citizen programs and individual households in need.
Personnel File- No.284
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Rockland Trust to Evaluate Overdraft, NSF Fees
As more banks reduce or eliminate overdraft and nonsufficient funds fees, Rockland Trust Co. has taken steps to evaluate the future of these fees for their customers.
J.D. Power: Banks Can Help Customers With Financial Stress
Digital transformation and rising inflation have created a new set of customer engagement challenges for U.S. retail banks, according to a new study from J.D. Power.
Market-Rate Projects Sprout Around Worcester Ballpark
For-profit multifamily developers that have shied away from Massachusetts’ Gateway Cities because their rents didn’t support the cost of new construction are betting on Worcester’s economic and population growth to push projects across the finish line.
Personnel File – No. 270
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Ex-Century Staff Lead New HarborOne Branches
Three of the branches HarborOne Bank acquired from Rockland Trust have now opened, doubling the Brockton-based bank’s footprint in the metropolitan Boston area.
Community Good Works
From turkeys and stuffing to headshots and new housing, local banks and developers gave back in recent days.
Can’t Boost Home Ownership Without More Homes
Boosting first-generation and first-time homebuyers has become popular among banks and politicians looking to boost their communities. But without commensurate effort to boost home building, these efforts will come to naught in the face of plenty of all-cash offers.
Why Boston Candidates, Banks Want to Boost Homeownership
From Boston’s mayoral race to the Biden administration’s Build Back Better agenda, boosting homeownership rates is being held up as the most important solution to reducing the wealth gap between white households and people of color.
Rockland Trust Expects No Delay in East Boston Savings Deal
Despite not yet receiving state regulatory approval to acquire East Boston Savings Bank, Rockland Trust Co. still expects to close the deal in the middle of next month.
Personnel File – No. 259
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the 259th issue of Banker & Tradesman’s Personnel File.
Lenders Find Opportunities in Sustainable Products
Climate change is likely to pose a significant threat to financial institutions over the next 30 years, researchers say, but some banks and credit unions also see it as a business opportunity.
HarborOne to Acquire Four East Boston Savings Branches
HarborOne Bank has agreed to acquire four East Boston Savings Bank branches that will close following the merger with Rockland Trust Co.
Personnel File
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.
Community Good Works
Banks and credit unions funded a variety of initiatives to make their communities better in recent weeks, from translation services for immigrants to helping poor Bay Staters get a leg up in life.
Shareholders OK Rockland Trust-East Boston Merger
Rockland Trust Co.’s acquisition of East Boston Savings Bank moved a step closer to completion yesterday as shareholders of both banks approved the deal.
Community Good Works
Banks came out in support of students, mental health and domestic violence prevention this week.
Rockland Trust to Seek More M&A Opportunities
Rockland Trust Co. remains on track to complete the East Boston Savings Bank acquisition later this year, and the bank plans to continue to look for merger opportunities in the coming years.
