Three Local Banks Have Mutual Goals
By Jennifer Jope
Almost 20 years after Congress amended the Bank Holding Company Act to allow mutual banks to form holding companies, three banks in Massachusetts now are looking to take advantage of the option, joining an emerging trend of institutions doing so with the intention of forming new business alliances, raising capital and diversifying business activity under the holding company umbrella structure.
Court Ruling Makes It Easier To Collect on Defaulted Loans
By Jennifer Jope
Banks that acquire loans through a merger or simply purchase them from the secondary market should have a much easier time collecting on a defaulted loan originated by another institution thanks to the results of a recent Massachusetts court case.
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