The $25-Per-Hour Test Is Here for Local CUs, Banks
Starting this month, Bank of America will be paying its front-line staff at least $25 an hour. Here’s how smaller Massachusetts lenders are responding.
SVB, First Republic Still Prove Fruitful Hunting Grounds
It’s been almost six months since Silicon Valley Bank and First Republic Bank failed but Massachusetts banks are continuing to hire top-tier talent away from the two failed banks’ successors with the intent of bringing in more business to their books.
Berkshire Bank Announces Another First Republic Hire
Boston-based Berkshire Bank has acquired yet another former First Republic staffer, part of a campaign the bank said aims to produce more deposits for the bank over the long term.
Santander Commercial Banking Head Let Go Amid Reorganization
Boston-based Santander Bank has recently laid off Joe Abruzzo, head of its commercial banking division, reportedly due to consolidation efforts of the bank’s U.S. businesses.
Citizens Bolsters Wealth Management Biz with Ex-First Republic Exec
After hiring around 50 wealth managers from the now-acquired First Republic Bank last month, Citizens Bank said on Monday that its team of wealth managers will be joined by their former leader.
Berkshire Bank Scoops Up SVB Private Managing Director
Berkshire Bank has added another name to its list of bankers it’s recruited from Silicon Valley Bank and the now-defunct First Republic Bank.
Banker & Tradesman’s Editorial Cartoon: Fishing Trophies
Banks are going fishing for new talent, and coming up with big victories.
Cambridge Trust Hires Away SVB, First Republic Bankers
Cambridge Trust Co. has joined the ranks of local financial institutions recruiting Silicon Valley Bank and ex-First Republic Bank employees after picking up two business banking staffers.
Berkshire Bank Snags Ex-First Republic Wealth Manager
Former First Republic wealth manager Lewis Mai has joined Berkshire Bank’s wealth management team.
Citizens Hires Dozens of Former First Republic Wealth Managers
Citizens Bank scored a significant win in the local battles to capitalize on disruption caused by SVB’s and First Republic’s failures Monday when it announced it had hired about 50 wealth managers who used to work at the latter bank.
JPMorgan to Lay Off 1K First Republic Workers
JPMorgan Chase says it is laying off around 15 percent of First Republic Bank’s roughly 7,200 employees following its acquisition of the troubled bank in a regulator-brokered deal earlier this month.
Citizens Bank Names Boston One of Four ‘Tech Hubs’
Citizens Bank has named Boston one of its four tech hubs and plans to hire “hundreds” of software engineers to staff them in the coming years.
To Recruit Fintech Talent, Banks Seek to Shed Stodgy Reputations
Community banks traditionally have trouble attracting tech-savvy talent, but institutions who have successfully built fintech-friendly products and brands start by creating a culture focused on problem-solving.
