JPMorgan, Cambridge Savings Vault into Ranks of Top Deposit-Holders
Seven out of the top 10 banks in terms of deposits gathered in Massachusetts saw declines in deposits as of the end of June according to FDIC data released this week.
Bank Deposit Surge Has Slowed. Here’s How Mass. Banks Stack Up
While total deposits at Massachusetts banks continued to increase, FDIC data shows the surge that marked the first two years of the pandemic has slowed down.
Mass. Lenders Struggle with Second Year of Deposit Surge
Eighteen months into the pandemic, the influx of deposits continues. But many lenders are struggling to match this cash with loan growth, creating concern for the coming quarters.
Bank Deposit Surge Continued in 2021
The deposit surge that began in the early days of the pandemic continued this year, according to the FDIC’s annual report on bank deposits, with Massachusetts seeing a 34 percent since 2019.
Bank Deposits Up 21 Percent at Mass. Banks, Thanks to COVID
Eastern Bank edged ahead of Rockland Trust Company as the Massachusetts-based community bank holding the most deposits, according to the FDIC’s annual Summary of Deposits survey.
