Santander Raises Overdraft Threshold
Santander Bank has launched a new feature that the bank said would eliminate fees for nearly one-third of customers who overdraw their accounts.
Santander to Buy Remaining Shares of Auto Lender
Santander Holdings USA Inc. will pay approximately $2.5 billion to acquire the outstanding shares of its auto loan business, making it a wholly owned subsidiary.
Santander Looks To Buy Remaining Shares of Its Auto Lender
The Boston-based parent organization of Santander Bank and its other U.S. companies wants to acquire the outstanding shares of its auto loan business, making it a wholly-owned subsidiary.
Mount Vernon Seeks to Redevelop Brighton Bank Property
Boston-based developer Mount Vernon Co. is seeking to redevelop a Brighton property occupied by a Santander Bank branch for a 99-unit apartment complex including ground-level podium parking.
Santander’s Mass. Branch Closures Now at 25
Santander Bank plans to close six branches in Southeastern Massachusetts and one of its two branches in the western part of the state as the bank, like others, continues to evaluate its branch network.
Santander to Close More Massachusetts Branches
Santander Bank has closed seven Massachusetts branches this year and plans to shutter at least 11 more, according to regulatory filings with the Office of the Comptroller of the Currency.
Studies Show Business Optimism Improving
Small businesses owners ended 2020 with increased optimism, and most expect to recover in 2021 from the economic challenges brought on by the pandemic, according to recent studies from national banks.
Fed Terminates Enforcement Action with Santander
The Federal Reserve Board has ended its 2017 enforcement action with Santander and its auto lending division over its risk management program.
Former Newton Attorney Pleads Guilty to Embezzlement
A former attorney pleaded guilty last week to wire fraud and filing false tax returns in connection with a long-running scheme to embezzle funds from trusts held at Morgan Stanley Bank.
RI Man Pleads Guilty to Bank Robbery Spree
A Rhode Island man pleaded guilty in Boston federal court to five Eastern Massachusetts bank robberies within a seven-day period that ended in a high-speed chase.
Four Banks Join Boston’s New Mortgage, Down Payment Program
It is hoped the program will give city families and residents who earn area median income or below a leg up on all-cash buyers in the city’s expensive housing market.
Santander to Recognize Juneteenth with Early Closure
Boston-based Santander US will close its offices and branches at noon on Friday to recognize Juneteenth, a national commemoration of the end of slavery in the United States.
OCC CRA Changes Could Complicate Housing Finance
As banks have sought opportunities to satisfy Community Reinvestment Act requirements by lending in low- and moderate-income communities, affordable housing organizations have found willing partners for their projects.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
12 Boston Housing Lenders to Offer Three Month’s Deferred Mortgage Payments
Twelve of Boston’s biggest housing lenders will offer homeowner borrowers in the city three months or more of deferred mortgage payments if they can demonstrate they have been financially impacted by the coronavirus crisis.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Guilty Plea in Five Greater Boston Bank Robberies
A Rhode Island man has pleaded guilty to robbing several Massachusetts banks and a credit union in 2018, a spree that ended with a high-speed car chase.
Morrissey Boulevard Development Cluster Expanding
Accordia Partners’ plans for a nearly 6 million square-foot development in Dorchester join a series of high-profile projects bringing large-scale multifamily units, office space and hotel rooms to the Morrissey Boulevard corridor.
5.9M SF Development Proposed in Dorchester
Developers are proposing a 5.9-million-square-foot mixed-use development including 1,700 housing units on the former Bayside Expo Center property in Dorchester and a Morrissey Boulevard parcel they bought last year.
Brighton Developer Gets $43M for Apartment Project
Developers of a 108-unit apartment complex in Brighton have acquired the 1-acre site and obtained $43.45 million in mortgage financing from Santander Bank.
