Banking and Lending

A New Name In An Old Game

A New Name In An Old Game

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.

Community Good Works

Community Good Works

This week’s roundup features seven financial institutions giving back to their communities.

Citizens Finances Des Moines Retail Outlets

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.

McMahon Confirmed As SBA Chief

McMahon Confirmed As SBA Chief

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 Expanding Small Business Teams

TD Bank Expanding Small Business Teams

TD Bank announced this week that it would be expanding its small business teams in several key markets, including Massachusetts and Connecticut.

Solect Celebrates 26 MW Of Solar Energy In ‘16  

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.

Personnel File

Blue Hills Bank, Cushman & Wakefield and Fidelity Bank are among those institutions announcing changes to personnel in this week’s roundup.

Economy, Demographics Driving Hiring Trends In Banking

Economy, Demographics Driving Hiring Trends In Banking

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 Posts 73 Percent Growth In 2016

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.

Fed Loan Officer Survey: CRE Lending Standards Tightening

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.

Community Good Works

Community Good Works

Bridgewater Savings Bank, Cummings Properties and SpencerBANK are featured in this week’s roundup of organizations giving back to their communities.

Sageworks: Bankers May Want To Retool FICO Storage

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.