Left to right, Danna Day, Andrew Arbaugh, Sean Sanger, Marcus Cantu and Cortney Kirk participate in the third annual Race to the Row 5K event to support the East Somerville Main Streets charity and efforts to rebuild the East Broadway Business District in Somerville.

Community Good Works

Athol Credit Union, Coldwell Banker Residential Brokerage, Copley Wolff Design Group, Partners Insurance Group and more are featured in our weekly roundup of organizations giving back to their communities.   Athol Credit Union Athol Credit Union has partnered with the Salvation Army to provide swea...

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Feds Green Light BofA To Use ‘Advanced Approaches’ Capital Framework

Federal regulators this week gave Bank of America the green light to begin using its own formula for calculating its risk-based capital. Both the Federal Reserve and the Office of the Comptroller of the Currency said that BofA and its subsidiary banks had successfully completed the “parallel runs...

Embassy Lowell Apts

Lowell Apartment Complex Financed For $2.75M Through Fantini & Gorga

Mortgage banking firm Fantini & Gorga has arranged $2.75 million in permanent financing for Embassy House Apartments in Lowell on behalf of a regional bank. Embassy Apartments consists of 36 garden-style one- and two-bedroom market-rate apartments spread across three 3-story buildings. The build...

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Berkshire Bank Names Five Wealth Management Officers

Berkshire Bank recently named five personnel to lead and manage its wealth management division, delivering investment solutions to individuals, companies, government organizations and nonprofit organizations. Richard Bleser has been appointed senior vice president and chief investment officer. In hi...

108 Myrtle Street Quincy, MA for use by Campanelli Companies

Propel Marketing Expands In North Quincy

Quincy-based Propel Marketing has renewed and expanded its lease at Heritage Point from 28,700 to 38,700 square feet. A division of GateHouse Media, Propel provides digital marketing services including website design, logo creation and search engine optimization to small and medium-sized businesses....


Mass. On Track For Income Tax Cut On Jan. 1

Massachusetts has hit the first of five triggers that need to be hit to force a slight income tax rate reduction on Jan. 1, 2016, according to the state revenue commissioner. In a letter Thursday to Administration and Finance Secretary Kristen Lepore and high-ranking state legislators, commissioner Mark Nunnelly reported that fiscal year 2015 infla...

BLS: Boston Employment Up 2.2 Percent From Last July

Employment in the Boston-Cambridge-Newton metropolitan area climbed 57,900 from July 2014, a 2.2 increase, according to a quarterly report from the U.S. Bureau of Labor Statistics (BLS) on current employment statistics. Boston experienced employment growth above the national average, which is at 2.1 percent. The Boston-Cambridge-Newton metropolitan...

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FDIC Banking Profile: Earnings Up At Community Banks, But Challenges Persist

Banking industry earnings rose, net charge-offs declined to pre-crisis levels, and margins bounced back just a bit from 30-year lows in the second quarter, but community banks earned almost double what their non-community peers did, according to the FDIC’s recent quarterly banking profile. The nation’s 5,881 community banks netted aggregate ear...

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Cooperative Bank Of Cape Cod Names VP Of Government Banking

The Cooperative Bank of Cape Cod recently announced the appointment of Matt Varnum as vice president of government banking. In his new role, Varnum will work with the bank’s existing team to serve Cape communities and a variety of separate fire, water and school districts. Varnum has worked as vice president and director of government...

SEC Bars S.C. Man From Securities Industry Over Mass. Wire Fraud Conviction

The Securities and Exchange Commission (SEC) recently barred a South Carolina man from working in the securities industry based on a criminal conviction in charges brought by the Massachusetts U.S. Attorney, the SEC said this week. In July, Brian M. Bennett, formerly known as Brian M. Zentmyer, pleaded guilty to one count of conspiracy to...


 

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