Salem Five Launches Private Banking Team with Ex-Enterprise Banker
Count Salem Five among the local banks now looking to high-touch, always-on customer service to generate more revenue from their best clients.
Citizens Private Bank Continues to Make Progress
Citizens’ new private bank reported a $4.7 billion increase in deposits year-over-year.
Berkshire’s Next Private Banking Play
Berkshire Bank is launching its new flagship private banking center and senior vice president Paul O’Donnell is ready to lead its battle for a larger share of Boston’s high net-worth depositors.
Rollstone Cleared to Join River Run Bancorp
Banking regulators have given the nod to Rollstone Bank & Trust in its effort to join River Run Bancorp, a two-bank mutual holding company in the Merrimack Valley.
Chase’s New Cambridge Wealth-Management Office Part of Multi-State Drive
Chase is expanding its affluent banking offering by opening 14 new J.P. Morgan “financial center” offices across four states, including a new location in Cambridge.
HarborOne Bank Partners With Wealth Management Platform
HarborOne Bank has partnered with Osaic Institutions, one of the nation’s largest providers of wealth management platforms.
‘Stable, Steady and Scalable:’ FIs Explore Wealth Management
From regional giant Citizens Financial launching a new private bank last year to local banks poaching wealth-management talent from other institutions, the competition to provide more affluent customers with an array of investment and advisory services is heating up.
Citizens Reports Private Bank Deposits Up $1.2B in Q1
Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
Citizens Bank Hires Two Private Banking Execs, Opens Boston Office
After launching its private bank and hiring around 200 bankers last year, Citizens Bank is hiring two key executives to further grow its wealth management business.
Boston-based Crestwood Advisors Appoints New President
Crestwood Advisors, a Boston-based investment advisory and wealth management firm, announced a new president to grow the company as more and more banks look to expand their wealth management presence in Boston.
Citizens Launches Private Bank, to Open Six Regional Offices
Citizens Bank jumped into what it said was a “void” in the region’s banking market for the richest individuals and businesses Thursday, launching a private bank and beefing up its wealth management services with new hires.
SVB Commercial Launches Ad Campaign as Rivals Look to Grow
First Citizens Bank is moving to reaffirm innovation banking arm SVB Commercial’s presence in tech hubs around the country through a new advertisement campaign as local competitors look to challenge SVB’s dominance in the tech and biotech sectors.
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.
Boston Execs Kept on in First Citizens Wealth Shakeup
First Citizens Bank is combining its existing wealth management unit and SVB Private, the former private banking and wealth management business of now-defunct Silicon Valley Bank, under a shared management structure.
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.
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.
Cambridge Trust Hires New Head of Wealth Management
A senior vice president at Rockland Trust’s Investment Management Group has jumped ship to head up Cambridge Trust Co.’s wealth management unit.
Harvard Credit Union Adds Wealth Management Services
Harvard University Employees Credit Union members now have access to wealth management services after the institution inked a deal with CUSO Financial Services.
