Marlborough-based Digital Federal Credit Union has abandoned Google, its primary vendor for enterprise search and discovery, in an effort to be more secure.
Speaking at a conference in Boston Friday, Eric Rosengren said he also expects current low inflation, the main factor that could hamper projected interest-rate hikes, to get much closer to the Fed’s 2 percent target next year.
The common play for investors has long been to purchase shares in banks that are prime takeover candidates, hope they get sold and then collect a nice premium. But Sandler O’Neill, a firm that invests in banks in Massachusetts and nationwide, believes there’s a better approach.
Century Bancorp, the holding company of Century Bank, continued to increase commercial and industrial lending, while also reporting double-digit income growth in the third quarter of this year.
A convicted bank robber from Revere will serve over eight years in prison after he robbed 10 different banks in a span of just 19 days during the months of December 2016 and January 2017.
Dedham Institution for Savings has notified state regulators that it intends to reorganize into a mutual holding company, signaling that a potential merger may not be far down the road.
Four credit unions and three community banks received grants from the commonwealth’s Workforce Training Fund Program to cover costs associated with employee training, developing worker skills, increasing productivity and enhancing the competitiveness of Massachusetts’ businesses.
As credit unions, large banks and community banks plunge deeper into the Small Business Administration loan market, the competition may drive financial institutions to offer better rates and loan terms to consumers, issue more SBA 504 loans and spur innovation.
Many cities in other parts of the country have grown faster than cities in Massachusetts over the last seven years, according to a recent WalletHub study.
Employers in Massachusetts felt more optimistic about the state’s economic outlook in September than they have all year.
Berkshire Bank is ready to make its presence known as the first Boston-headquartered regional bank in decades.
The acquisition that will make Berkshire Bank the largest state-chartered regional bank in Massachusetts is all but complete.
Large banks continued to dominate market share in terms of deposits, with six banks controlling about 65 percent of the market in Massachusetts, according to recently released FDIC data for the end of the second quarter of this year.
A recent survey by the Consumer Financial Protection Bureau (CFPB) shows that more than 40 percent of U.S. citizens are struggling to pay their bills.
An Abington man who allegedly stole over $58,000 from three different bank branches in Boston was charged Friday in U.S. District Court.
The National Credit Union Association closed the Temporary Corporate Credit Union Stabilization Fund on Oct. 1, meaning the NCUA could distribute between $600 million to $800 million to federally insured credit unions in 2018, barring no significant changes in the economy.
As loans backed by the U.S. Small Business Administration have gained in popularity in Massachusetts – surpassing pre-recession levels – momentum is building to join the program, especially among credit unions.
As a senior vice president with Highland Capital Brokerage, insurance veteran Jack Gates first approached Rockland Trust intending to try to gain another client. But the more he spoke with Rockland, the more the two parties saw an opportunity to fill a void in the community bank’s investment management business.
Banks may not be perfect, but one they product they seemed to have nailed down is the mobile application.
Well-known in Massachusetts for its tremendous growth in recent years, Belmont Savings Bank is now being recognized as one of the best performing community banks in the country.