Hot Property: 24 Webster Ave.
Nonprofit Just a Start will demolish a vacant commercial building in Somerville’s Union Square and construct 43 deeply affordable apartments in a 6-story building after completing its project financing.
Community Good Works
Marianne Smith, president of Gloucester-based Cape Ann Savings Bank, and Patrick Thorpe, president of BankGloucester, recorded a joint video appealing to the public for donations to benefit family members of crew killed in a fishing boat sinking last month. See who else gave back.
Affordable Housing Joins Revere Beach Development Pipeline
A new, all-affordable housing development is joining the multifamily pipeline along Revere Beach, while helping a group home expand.
Big Lenders Look for Growth in Underbanked Areas
TD Bank’s newest Massachusetts branch is a window into how the lender – and its next-door rival – believes it can add new customers by opening physical locations in historically underbanked areas.
Community Good Works
A Workers Credit Union executive organized financial education classes to help students with disabilities and other significant challenges prepare to live independently. See who else gave back.
After TD Bank’s Record Fine, What Comes Next?
We don’t necessarily need heads to roll at TD Bank. Rather, we need heads to reflect on when greed is not good, and try to repair the harms their actions caused.
Bay State Savings Hires TD Bank Exec as Chief Commercial Banker
Bay State Savings Bank announced Tuesday that Anthony J. Pasquale will become the bank’s new chief commercial banking officer.
TD Bank President Announces Retirement
TD Bank will have a new president and chief executive officer in April 2025.
Personnel File – No. 378
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
TD Bank Names Greater Boston Market President
Tim Blake will oversee the bank’s retail business in the Greater Boston and Rhode Island markets.
Community Good Works
The Cummings Foundation, the philanthropic arm of suburban Boston CRE giant Cummings Properties, gave $2 million to Regis College to help train more nurses and establish a healthcare clinic in Woburn. See who else gave back.
TD Gives $1M to Expand Affordable Developer’s Assistance Program
The Community Builders, a national nonprofit developer of affordable and supportive housing, now has $1 million courtesy of TD Bank to scale up its Home Room housing instability pilot program.
Community Benefits Agreements ‘Good Business’ for Banks
TD Bank recently announced it was planning to spend $20 billion on a community benefit plan aimed at helping low- to moderate-income and minority communities in Boston and elsewhere. So, how are these big plans crafted, and where exactly do these funds go?
TD Bank to Open Nubian Square Branch in the Fall
After announcing a $20 billion “community investment plan” in five metro areas, including Boston, TD Bank said it will open a branch in Nubian Square in Roxbury in the fall as a part of an effort to serve low- and moderate-income individuals and families, and minority communities.
TD Bank Plans $10B ‘Home Ownership Investment’ Focused on Boston, Five Other Cities
TD Bank’s latest “community impact plan” will see $10 billion worth of residential lending towards low- and moderate-income borrowers and minority borrowers focused on six cities in the bank’s 15-state footprint.
Citizens Bank, BofA Close Some MA Branches in November
Bank of America is closing three of its branches in Greater Boston while Citizens Bank continues to replace branches in grocery stores with video teller-enabled interactive teller machines.
Chase, TD Bank, Citizens Bank Added Mass. Branches in October
JPMorgan Chase continued its Massachusetts expansion as it opened three branches in October, while TD Bank and Citizens Bank filed to open Boston branches, according to the latest information from the Office of Comptroller of the Currency.
Agawam’s Rosewood Way Gets MassHousing Financing
A Springfield-based nonprofit will develop 62 affordable apartments and a community building in Agawam after obtaining financing from state and federal sources including MassHousing.
Bank Fraud Remains Rampant Due to Ease, Experts Say
How could criminals engineer a yearlong, multimillion-dollar fraud just by relying on a couple of employees at two small bank branches in a scheme with victims piling up into hundreds? The answer is, because it’s easy.
TD Bank, First Horizon Call Off Merger
TD Bank Group had called off its planned acquisition of a Tennessee-based regional bank that would have expanded TD Bank’s presence in the U.S. Southeast.
