It may not happen often, but both credit union and community bank advocates cheered yesterday as the U.S. House of Representatives passed a Dodd-Frank regulatory relief package, sending the bill to President Donald Trump, who is expected to sign the legislation into law.
The parent companies of Melrose Bank and Pilgrim Bank both reported positive net income and growth in the first quarter of 2018.
A recent change in federal regulation could spur more commercial real estate lending at smaller banks.
Massachusetts spent almost 1 percent of total state government expenditures on costs associated with the opioid crisis in fiscal year 2015.
The parent company of Hyde Park-based Blue Hills Bank made solid gains in the first quarter, despite a slowdown in profits from the same period last year.
Credit unions in Iowa will not be subject to state taxes, a decision viewed as a victory for credit unions nationwide in the longstanding debate over whether they should be taxed like banks.
Since launching in 2014, Stage Point has lent more than $40 million to 120 local investors, most of whom are contractors, to help them renovate over 250 single and multifamily homes. Banker & Tradesman caught up with Bart Quillen, Stage Point Capital’s COO, to discuss the fund and its progress.
The state of Massachusetts hasn’t seen a de novo bank application in roughly a decade, largely because the state’s 124 resident banks have created a market categorized by fierce competition.
Admirals Bank continues to slow losses as it works to bring itself back to profitability.
After a tough year that included layoffs, the parent company of Envision Bank, formerly known as Randolph Savings Bank, appears to be hiring again in an effort to build up the bank’s mortgage business.
Brookline Bank is bulking up its commercial lending team north of Boston.
More than 40 percent of banking institutions that must adhere to the Federal Deposit Insurance Corporation Improvement Act within the next year are behind schedule to become compliant.
Brookline Bank will close the two branches it received as part of the deal to acquire First Commons Bank and consolidate them into the bank’s current footprint.
The parent company of Lowell-based Enterprise Bank reported strong profits and growth in the first quarter, crediting the recent boost from tax reform and continued investment in the bank.
When lawmakers reduced the corporate tax rate at the end of last year, it was supposed to open the flood gates for what had already been an extremely healthy economic climate. While tax reform is expected to yield long-term benefits, it has yet to translate into the increased loan demand
Community banks and credit unions see themselves as an extension of the communities in which they operate, and for the most part, they really are.
For the first time in nearly a decade, there is a proposal to form a new bank in Massachusetts.
The parent company of Rockland Trust reported another quarter of record earnings in what it sees as a strong economic environment. But loan demand did not pan out as expected, particularly in the upper end of the market.
After multiple consent orders and management changes since 2013, Lowell-based Sage Bank is no more.
The parent company of East Boston Savings Bank had another year of explosive growth, but experienced a lower net interest margin due to changes in the country’s tax code and a higher cost of funds as deposit competition and interest rates increase.