Bram Berkowitz

Bram Berkowitz

Banker & Tradesman Staff

Bram Berkowitz can be reached at
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Melrose, Pilgrim Bank May Soon Be On The Market

Seven mutual banks and holding companies converted to stock companies between 2010 and 2014, often an indicator that they may be fishing for a buyer. Four of those seven will complete the state-mandated three-year waiting period following the completion of an initial public offering, and be eligible for acquisition this year.


Kimberly Anderson

When she first accepted the job as a part-time community relations representative at LUSO Federal Credit Union, Kimberly Anderson admitted she didn’t know much about the world of credit unions.

Massachusetts Attorney General Maura Healy

AG Maura Healey Plans To Sue Equifax

Attorney General Maura Healey said yesterday she intends to sue Equifax over its failure to protect sensitive and personal information of up to nearly three million Massachusetts residents, following a major data breach at the credit reporting firm.

State Street

State Street To Pay $35M For Charging Secret Markups

State Street will pay more than $35 million to the Securities and Exchange Commission to settle allegations that it “fraudulently charged secret markups” for transition management services, and separately left out information about the operation of it’s platform for trading U.S. securities. The SEC announced the settlement on Thursday. The SEC order finds that...

Ten Massachusetts CUs Receive NCUA Grants

Ten credit unions in Massachusetts were among the 251 low-income credit unions across the country the NCUA awarded $1.8 million in grants for the purpose of expanding digital services to under-served communities, provide leadership training and improve cybersecurity.

John Duggan

Banks And Municipalities: A Perfect Partnership

After nearly 30 years of experience in state and municipal finance, which included five years as a tax examiner for the Massachusetts Department of Revenue and nearly 25 years as the treasurer and collector of taxes in West Bridgewater, John Duggan was ready to retire. But before he could figure out his next step, a Bristol County Savings Bank employee came in and said he should talk to the bank about an interesting opportunity. It turned out to be a perfect match and Duggan was appointed vice president and government finance officer at the Taunton-based bank in July. Now Duggan is on the other side of the equation – no longer the veteran town official, but the banker who works with them. Towns and cities use banks for all sorts of operations, from holding the taxes they collect to managing stabilization funds to trying to grow revenue; and “they both need each other,” said Duggan.