Community Good Works
Fitchburg’s IC Credit Union said it gave $12,380 to Spanish American Center, a nonprofit that supports Hispanic and immigrant communities in Central Massachusetts. See who else gave back.
Community Good Works
Country Bank donated its former 191 Sykes St. branch in Palmer, valued at $500,000, to Pathfinder Regional Vocational Technical High School to provide classrooms and office space for the school’s expanding adult-ed programs. See who else gave back.
Webster Bank Picks Ex-First Republic Exec as New CFO
Webster Bank announced yesterday it had appointed William Holland as its next chief financial officer and the new executive vice president of finance for its holding company.
Community Good Works
Monson Savings Bank said it gave $6,000 to Link to Libraries, a nonprofit that will use the money to donate books to local schools, and executives surprised one of the schools set to benefit with a visit bringing some of the donated books. See who else gave back.
Webster Bank Q4 Profit Down on One-Time Charges
Webster Bank’s fourth-quarter net income declined due to the one-time charges from the FDIC special assessment restocking the nation’s deposit insurance fund, expenses on the merger with Sterling National Bank and securities repositioning.
Webster Bank Launches First Special Purpose Credit Program
Webster Bank launched its first special purpose credit program Tuesday, which is aimed at helping low- to moderate-income first-time homebuyers who might not be qualify for traditional home loans.
Citing CRE Risk, Moody’s Downgrades M&T, Webster Bank Credit
Funding pressures, regulatory capital weaknesses and higher risks in the commercial real estate loan portfolios dragged Moody’s credit ratings of two sizeable banks operating in the Massachusetts market.
Webster Bank Posts 30 Percent Jump in Q2 Net Income
Connecticut-based Webster Bank recorded a notable year-over-year jump in net income in its second-quarter earnings call Thursday morning.
Webster Bank Provides Financial Education Funding for Taunton Nonprofit
A Taunton nonprofit received a grant from Webster Bank to provide financial education to students in low- to moderate-income areas.
Webster Bank Saw Deposit Growth in First Quarter
Connecticut-based Webster Bank saw deposits increase by 2.3 percent during the first quarter.
Webster Bank Names Massiani President
Connecticut-based Webster Bank has named Luis Massiani as the bank’s president.
Webster Bank Names Regional President for Boston Market
Stamford, Connecticut-based Webster Bank has named Ann Meade as its regional president for the Boston market.
Webster Bank to Acquire interLINK
Connecticut-based Webster Bank has agreed to acquire a deposit management platform, adding more than $9 billion in core deposits to the bank.
Personnel File – No. 309
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Webster Bank Establishes $6.5B Community Benefits Plan
Following its merger this year with Sterling Bancorp, Webster Bank has established a $6.5 billion community benefits plan that will invest in the communities within the bank’s footprint.
Personnel File – No.290
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
BaaS Association Forms, Webster Bank Joins As Founding Member
A new association has launched for banks that offer banking-as-a-service, with Connecticut-based Webster Bank as a founding member.
Webster’s Merger Costs Lead to First Quarter Losses
While merger expenses led to a quarterly loss for Webster Bank’s parent company, bank executives say they have already seen the combination with Sterling National Bank reflected in financial performance.
Webster Bank to Acquire HSA Provider Bend Financial
The parent company of Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
Webster Bank Completes Merger With Sterling National Bank
Connecticut-based Webster Bank has completed its merger with New York-based Sterling National Bank, creating a financial institution with about $65 billion in assets.
