Banking and Lending
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.
This week’s roundup features seven financial institutions giving back to their communities.
As part of an ongoing effort to unwind the Affordable Care Act, three Republican lawmakers yesterday introduced a piece of legislation intended to expand eligibility for health savings accounts.
Outlets of Santander Bank, already under fire for lending practices, denied mortgages to women, minorities and low-income borrowers in the U.S. Northeast more frequently than nearby banks, according to an analysis by an industry reform group on Thursday.
JPMorgan Chase & Co. is gradually introducing a digital mortgage platform where customers can apply online and track mortgage applications by mobile phone.
Citizens Bank recently made a $65 million loan to NED Altoona LLC/New England Development to build a 300,000-square-foot retail outlet center near Des Moines, Iowa.
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.
TD Bank announced this week that it would be expanding its small business teams in several key markets, including Massachusetts and Connecticut.
The Cooperative Bank of Cape Cod this week announced it appointed Lisa Oliver to succeed current President and CEO Joel Crowell.
Daniel Tarullo will resign from the Federal Reserve Board of Governors effective in April, he said in a letter to the president on Friday.
A Hopkinton developer and installer of solar energy systems recently announced it achieved a record-breaking year in 2016, with 115 sites and more than 26 megawatts (MW) in total solar output.
Citizens Bank wants to play matchmaker for its commercial banking clients with a new fintech platform aimed at connecting business owners with potential partnerships.
Blue Hills Bank, Cushman & Wakefield and Fidelity Bank are among those institutions announcing changes to personnel in this week’s roundup.
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.
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.
Perhaps in response to increased regulatory scrutiny of commercial real estate loans, banks tightened standards on CRE loans during the fourth quarter, according to the Federal Reserve’s latest senior loan officer survey of bank lending practices.
Bridgewater Savings Bank, Cummings Properties and SpencerBANK are featured in this week’s roundup of organizations giving back to their communities.
More than a third of bank and credit union professionals (34 percent) store consumers’ FICO scores on a monthly basis, but given the approaching requirements of CECL, they may want to rethink that approach, financial analysis firm Sageworks said recently.
Salem Five acted as the lead lender financing the $4 million purchase of a provider of fixed-based operations at Beverly Airport.
Last year, Marlborough Savings Bank and North Middlesex Savings Bank announced they would merge. This week, they got a fresh look and rebranded.
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