Small Mass. Banks, CUs Face Heavy Tech Lift
Monopoly power isn’t just lurking in consumer prices. Data shows smaller lenders face disproportionately high – and rising – costs for their operating system software.
Personnel File – No. 424
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Community Good Works
Boston-based Eastern Bank announced a $2 million gift to the city of Lynn to support the expansion of a city public school. See who else gave back.
Webster Five Names New CFO
Webster Five has named a new chief financial officer as it continues to add to its leadership team.
Personnel File – No. 411
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Banks Open New Branches in Worcester Suburbs
Webster Five has opened a new branch at 400 Southbridge St. in Auburn, and Bay State Bank has a new branch in Shrewsbury’s White City Plaza, on the Boston Turnpike.
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.
Quincy Private Construction Lender Expands Partnership with Florida Bank
First Boston Capital Partners says it has expanded its revolving line of credit with BankUnited, based in the Miami area, as it aims to grow its private lending business.
Personnel File – No. 399
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Webster Five Names New COO
Kate Gallo Megraw will take up the COO post effective March 3. She previously was the Auburn-based bank’s chief information officer and will continue in that role.
Community Good Works
Oxford-based BankHometown announced a $5,000 donation to the Putnam Veterans Advisory Committee, supporting the creation of an Afghanistan Memorial in Putnam. 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.
Personnel File – No. 371
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Community Good Works
KeyBank announced a $20,000 gift to the Springfield Boys & Girls Club to support a summer learning program at the club called “Brain Gain.” See who else gave back.
Webster Five CEO to Retire, Successor Named
Webster Five announced its CEO will be stepping down a year from now after 20 years at the bank, but his shoes will be filled by a Worcester native and a 14-year Webster Five veteran.
Community Good Works
North Shore Bank, based in Peabody, gave $20,000 to the Essex Community Foundation to support education, healthcare, economic development and social services initiatives. See who else gave back.
How Chief Risk Officers Guard Banks’ Credit Quality
As the industry faces the risk of loan delinquencies amid a high interest rate environment, inflationary pressures and more vacancies in office properties, Massachusetts’ community banks are promoting risk officers into their executive leadership teams to guard against credit risks.
Personnel File – No. 357
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Webster Five Appoints New COO, Chief Risk Officer
Webster Five is appointing a new chief operating officer and a chief risk officer as the bank expands its senior leadership role to support its growing demand and operations.
Community Good Works
Construction giant Suffolk gave $1.5 million in materials and staff time to build out an expanded mental health and brain injury clinic for veterans, active-duty service members and their families. See who else gave back.
