BankProv Sees Profits from Move into Crypto
After launching a cryptocurrency lending platform in 2021, Amesbury-based BankProv saw its digital asset lending portfolio grow to $120 million and earnings increase 34 percent.
BankProv Launches Crypto Lending Platform
Amesbury-based BankProv has partnered with a cryptocurrency technology firm to provide equipment financing for Bitcoin miners.
Return of User Fees Boosts Earnings at BankProv
While Amesbury-based The Provident Bank saw second quarter income decline slightly compared to last year, specialty lending and income from customers operating Bitcoin machines helped boost profits.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Mass. Banks See Improvements in Credit Quality in Q1
Local banks continued to reduce the provision for loan losses in the first quarter in a sign that pandemic-related credit concerns continue to stabilize.
Provident Bank Sees Earnings Increase
The Provident Bank saw earnings increase in the second quarter despite modifying more than 20 percent of its loans due to the coronavirus pandemic.
The Provident Bank Rebrands as it Plans Growth
Amesbury-based The Provident Bank is rebranding itself as “BankProv” as it plans to grow its nationwide presence.
Provident Bank Sees First Quarter Earnings Fall
Both the coronavirus pandemic and loans tied to a community bank network affected The Provident Bank’s first quarter earnings.
The Provident Bank Acquires People’s United Warehouse Lending Division
The Provident Bank has entered the warehouse lending business by acquiring United Bank’s legacy ResX Warehouse Lending portfolio from People’s United Bank on Jan. 17.
Personnel File
Members of the banking and real estate industries were on the move recently. See who’s been hired and promoted in this week’s Personnel FIle!
Provident Bancorp Raises $102M in Second-Step Conversion
Provident Bancorp Inc. completed its conversion to a stock company last week, raising more than $100 million in the process to help it grow specialized commercial lending and other initiatives.
The Provident Bank’s $102M Stock Offering Begins Tomorrow
Amesbury-based The Provident Bank faces a big day Wednesday, when its long-planned effort to go fully public will culminate in a stock offering.
Community Good Works
Members of the banking industry gave back to their communities with substantial donations this week.
Personnel File
Who’s been promoted? Who’s been hired? See the latest personnel moves in the banking and commercial real estate industries in this week’s Personnel File.
Community Good Works
Massachusetts banks gave nearly $100,000 recently to support various charitable efforts in their communities.
Community Good Works
A slew of organizations are getting creative with giving back to their communities.
The Provident Bank Hires New VP to Expand into Boston Market
The Provident Bank is expanding its business banking services into Boston, the bank announced yesterday.
Personnel File
Cape Cod Five, Jack Conway and The Bulfinch Cos. are featured among other businesses announcing changes to personnel in this week’s roundup.
Personnel File
BankGloucester, Members Plus Credit Union and The Provident Bank are featured among the organizations announcing changes to personnel in this week’s roundup.
