All 52 state bankers associations including the Massachusetts Bankers Association have penned a letter to Sen. Orrin Hatch (R-Utah), the chairman of the Senate Finance Committee, praising his efforts to fight the credit union tax exemption.
Eastern Bank has hired Ashley Nagle Eknian as its new chief digital strategist to relaunch the bank’s fintech efforts and head Eastern Labs 2.0.
It’s no secret that commercial real estate concentrations at community banks have been on the rise. While regulators maintain a keen eye on the sector, their concerns do not seem
The National Credit Union Administration on Thursday approved the distribution of of $736 million to eligible, federally insured credit unions in the third quarter of 2018, funds that are available because of the NCUA’s decision in October to close the Temporary Corporate Credit Union Stabilization Fund.
Tewskbury Federal Credit Union has placed its CEO Shelley Holden on leave after she allegedly transferred funds to her boyfriend, who was convicted of second degree murder in 1978, according to media reports.
After another tough year, Randolph Savings Bank will change its name to Envision Bank effective March 12.
Despite a one time $2.63 million write down as a result of tax reform, Belmont Savings Bank’s parent company reported strong annual earnings and growth.
Bob Rivers enters his second year as chairman and CEO of Eastern Bank after a packed year in the banking industry that saw a number of developments including the recent passage of tax reform.
In its early days, Admirals Bank used individually tailored and highly customized concierge banking to bring in deposits it would use to buy pools of commercial loans on the secondary market.
Cambridge Bancorp, the holding company for Cambridge Trust, reported $14.8 million in net income, a decrease of 12.3 percent compared to last year, after taking a nearly $4 million write down due to tax reform.
Two credit unions in Maine are planning to merge, a move that would make the combined entity the largest credit union in the state.
Linda McMahon, head of the U.S. Small Business Administration, visited Atlas Devices in Charlestown yesterday as part of her nationwide SBA Ignite Tour.
While U.S. Attorney General Jeff Sessions is making it harder to bank marijuana deposits, U.S. Treasury Secretary Steven Mnuchin appears much more receptive to the idea.
A Quincy man was sentenced yesterday in federal court in Boston for bank robbery.
A $4 million write down as a result of tax reform wiped out profits for Westfield Bank’s parent company in the fourth quarter of 2017 after a year of slow growth.
Despite a one time write down of $9 million due to tax reform, Brookline Bank’a parent company reported strong earnings as the company continues to shrink its volatile taxi medallion portfolio.
Companies across a variety of industries are expecting larger deals and a pickup in merger and acquisitions in 2018 – but in the banking world, experts expect the opposite.
Absent a fourth quarter that involved tax reform and pension settlement write downs, the parent company of Blue Hills Bank had a strong year driven by commercial real estate growth.
HarborOne Bank will purchase Cumberland County Mortgage of South Portland, Maine, giving the company a new mortgage lending foothold in northern New England.
The Institution for Savings in Newburyport is planning to open its first full-service branch in Amesbury, the company announced Wednesday. The bank recently signed a purchase and sale agreement to purchase the building located at 150 Main St., the site of a former TD Bank branch that closed in early December.