JPMorgan Chase and Bank of America have filed applications to open and close branches in Massachusetts while Citizens Bank completed the closing of some Stop & Shop branches, according to the latest data from the Office of the Comptroller of the Currency.
The vast majority of mortgage loans are repaid without incident, but when they go into default, peculiar twists and turns can ensue. A federal district court decision issued in January, involving a home in Framingham, offers an example.
It was a relatively quiet month for bank branch activity in December, as JPMorgan Chase established one local branch while Bank of America closed an ATM location, according to the latest data from the OCC.
Citizens Bank announced that it fully converted its Mastercard debit and ATM cards to plastic made from 90 percent recycled PVC and will start reissuing cards in January 2024.
Bank of America is closing three of its branches in Greater Boston while Citizens Bank continues to replace branches in grocery stores with video teller-enabled interactive teller machines.
JPMorgan Chase continued its Massachusetts expansion as it opened three branches in October, while TD Bank and Citizens Bank filed to open Boston branches, according to the latest information from the Office of Comptroller of the Currency.
A Citizens Bank quarterly report point to a slight improvement in the business conditions in the US during the third quarter, as inflation shows signs of easing, and as the labor market and consumer spending continue to be strong despite the high interest rate environment.
Some of the largest local banks in Eastern and Central Massachusetts are using video-enabled ATMs to free branch staff to provide higher-touch advice and service to customers.
Citizens Bank jumped into what it said was a “void” in the region’s banking market for the richest individuals and businesses Thursday, launching a private bank and beefing up its wealth management services with new hires.
Citizens Bank is setting a $50 billion target to finance both “green” and “social” initiatives and projects by 2030.
It’s been almost six months since Silicon Valley Bank and First Republic Bank failed but Massachusetts banks are continuing to hire top-tier talent away from the two failed banks’ successors with the intent of bringing in more business to their books.
Rhode Island-based Citizens Bank donated $85,000 to the Greater Boston YMCA at a charity pickleball tournament it helped organize at the Boston Convention and Exhibition Center’s Lawn on D park. See who else gave back.
Funding pressures, regulatory capital weaknesses and higher risks in the commercial real estate loan portfolios dragged Moody’s credit ratings of two sizeable banks operating in the Massachusetts market.
Two economic surveys showed that the U.S. economy is continuing to suffer from high interest environment and is likely headed for a recession after the announcement of another Federal Reserve rate hike Wednesday, even as Federal Reserve economists have stopped forecasting that recession is on the horizon.
After hiring around 50 wealth managers from the now-acquired First Republic Bank last month, Citizens Bank said on Monday that its team of wealth managers will be joined by their former leader.
The nation’s 23 largest banks passed the Federal Reserve’s so-called stress tests this year, a sign that financial regulators think the nation’s banking system remains resilient despite the recent banking crisis.
Citizens Bank scored a significant win in the local battles to capitalize on disruption caused by SVB’s and First Republic’s failures Monday when it announced it had hired about 50 wealth managers who used to work at the latter bank.
Rhode Island-based regional lender Citizens Bank is getting out of the auto loan business next month.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest issue of Banker & Tradesman’s Personnel File.
