Santander Picks Boston for New Branch Format Pilot
Boston will be one of five cities in five states to get Santander’s new experiment in stripped-down branch formats.
Citizens Bank, BofA Close Some MA Branches in November
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.
Santander Commercial Banking Head Let Go Amid Reorganization
Boston-based Santander Bank has recently laid off Joe Abruzzo, head of its commercial banking division, reportedly due to consolidation efforts of the bank’s U.S. businesses.
Santander Doubles Plan for Mass. Branch Closings
The bank filed plans last week with the Office of the Comptroller of the Currency to close 16 more branches, mostly in the Greater Boston area.
Santander to Close 16 Massachusetts Branches
Santander Bank plans to close at least 16 Massachusetts branches this year, driven by customers increasingly opting for online banking instead of in-person banking.
Community Good Works
Danvers-based engineering firm United Civil helped give a local child with acute lymphoblastic leukemia her wish for a Swiss Family Robinson-style treehouse.
Santander Commits $2.5M to City Year
The parent company of Santander Bank has committed $2.5 million in funding over three years to Boston-based City Year, which supports U.S. public schools that are considered under-resourced.
Banks Respond to Equity Concerns with Financial Education for New Entrepreneurs
The pandemic startup surge is showing little sign of abating, and some local banks are expanding their financial education programming to support new – particularly minority – business owners, and perhaps win new customers along the way.
Community Banks Look to Future as Branches’ Role Evolves
Two years after the start of the pandemic drove more customers to adopt digital banking when branch lobbies closed, a recent study found that Boston has one of the highest increases in branch closings among U.S. metropolitan areas.
Santander Looks To Buy Remaining Shares of Its Auto Lender
The Boston-based parent organization of Santander Bank and its other U.S. companies wants to acquire the outstanding shares of its auto loan business, making it a wholly-owned subsidiary.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Here’s to Some Heroes
Domestic violence is such a huge problem, no one in a position to make a difference can sit on the sidelines. Financial institutions are well positioned to help survivors and are to be commended for their efforts to do so.
Needham Bank Partnership Aims to Draw New Customers
The town of Ashland and Needham Bank have inked a first-of-its-kind public-private venture that should help attract new businesses to Ashland’s downtown and generate new small business loans at Needham’s Ashland branch.
State Street Leaps Ahead in Market Deposit Share in MA
State Street Bank and Trust Company broke away from the pack this year, adding a huge amount of assets to its business to grab a commanding lead in market deposit share in Massachusetts.
National Development Gains Foothold in South Boston with ‘Gateway’ Parcels
National Development has acquired two of the largest parcels along South Boston’s Dorchester Avenue industrial corridor, an area being primed for redevelopment as office, lab and multifamily towers.
Fed Terminates Enforcement Action Against Santander
Regulators have terminated a longstanding enforcement action with Santander.
State’s Pay for Success Initiative off to Good Start
The first-in-the-nation Pay for Success initiative to reduce chronic individual homelessness is proving successful.
CFPB To Sue Santander Bank Over Auto Loans
The Consumer Financial Protection Bureau is preparing to sue Santander Bank, alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday.
Boston Fed: Santander Back On Track
Boston-based Santander Holdings USA has gotten back its independence to pay dividends and make capital distributions without first seeking approval from federal regulators.
