When Marlborough Savings Bank and North Middlesex Savings Bank merge this spring, they’ll emerge as one entity under an entirely new name: Main Street Bank.
Former wrestling magnate and two-time Senate candidate Linda McMahon was easily confirmed to head up the Small Business Administration yesterday with a vote of 81–19.
It’s good to be at the top – and for as much regulation and uncertainty as the banking industry faces, a healthy economy and the mass migration of Baby Boomers into retirement could set up some attractive career opportunities for younger bankers in the not-too-distant future.
Allen Chaves began his career in the insurance industry on a Monday morning, after collecting his diploma the previous Friday evening.
BSB Bancorp posted strong earnings driven by core deposits in the fourth quarter last year, representing the 14th consecutive quarter of growth for Belmont Savings Bank.
Last year, Marlborough Savings Bank and North Middlesex Savings Bank announced they would merge. This week, they got a fresh look and rebranded.
The newly-minted president’s pledge to repeal and replace the Affordable Care Act has also sparked murmurings about the role that health savings accounts, or HSAs, could play in supplementing the ACA’s replacement.
An Irish fintech firm with U.S. headquarters in Boston recently signed People’s United Bank as its first bank partner in America, the latest link in the fairly new tradition of bank and fintech partnerships.
Brookline Bancorp maintained earnings in the fourth quarter of 2016, beefing up its commercial real estate and commercial loan and lease portfolios while managing charge-offs in its taxi medallion business.
Fallout from the Wells Fargo account opening scandal is still reverberating throughout the banking industry, as bankers field questions over their incentive programs and ponder how else they might measure and reward performance among their branch staff.
Independent Bank Corp. boosted earnings last year while closing one acquisition and homing in on another, the company’s leadership said during its Friday earnings call.
A fresh spin on a familiar wire transfer scam is spreading through the banking world – and most bankers don’t hear about it until it happens to them.
Facing an uphill battle for deposits in the Greater Boston market, Webster Bank’s leadership said yesterday that they might consider subleasing some of the locations it snapped up here last year.
Meg McIsaac originally got into banking at her sister’s urging, interning at Bank of Boston and later enrolling in its management training program.
Regulators have had their eye on credit risk for some time, but with several rate increases forecast for 2017, bankers may do well to invest in business intelligence and data analytics tools to better mitigate that risk and root out fraud in a rising rate environment.
The FDIC has opened its doors to new de novo bank applications, but those in the know aren’t expecting a flood of new bank applications like you might have seen in the good ol’ days. A little more than 1,000 new community banks were chartered
You wouldn’t dream of building a bank branch that was inaccessible to a person with a disability, but can you say the same about your website?
William McCalpin dove into the world of impact investing when he joined the Rockefeller Brother Fund after law school.
Younger American workers may be burdened with higher student debt and unemployment rates than the country as a whole, but they’re also more optimistic than older generations, according to a recent report from the Federal Reserve.
With EMV slowly but steadily rolling out across the U.S. and e-commerce on the rise, the payments system is turning into the perfect breeding ground for card-not-present fraud. But fear not, say payments pros, because while technology may offer up new opportunities for exploitation, it also brings to market potential solutions to head off crooks at the pass.