The parent company of Rockland Trust announced yesterday that it would acquire the parent company of Hyde Park-based Blue Hills Bank in a deal that will give Rockland the largest deposit share in Massachusetts, the largest branch network and bring the company over $11 billion in assets.
Recent gas explosions that rocked the Merrimack Valley and led to the death of an 18-year-old could lead to the financial deterioration of Columbia Gas and its parent company.
A small Massachusetts credit union is making national headlines after it announced last week that it would serve recreational marijuana businesses, making it the first financial institution in the Bay State to wade into what is expected to be an absolutely massive industry.
The U.S. Office of the Comptroller of the Currency at the end of August published an advanced notice of proposed rulemaking, calling for public comment on ways to modernize and transform the Community Reinvestment Act.
The parent company of Brockton-based HarborOne Bank has received the necessary regulatory approvals to complete its acquisition of the parent company of Warwick, Rhode Island-based Coastway Bank.
Two credit unions North of Boston are planning to join forces.
Springfield-bound New Valley Bank & Trust plans to put a premium on small business lending, while utilizing technology to its fullest and outsourcing a number of services in its early stages to achieve its business strategy.
When Citizens Bank began to open supermarket in-store branches many years ago, the bank was looking for sales-oriented individuals to manage these locations.
It’s not often that the effects of a federal court decision can be immediately seen at the local level.
People’s United Bank is growing its team and bolstering its commercial banking capabilities in Boston.
The new $1 billion MGM Resorts International casino opened in Springfield will be credit positive, Moody’s Investor Service said Tuesday.
Growth and profits at the parent company of Melrose Bank continued to grow in the second quarter, but at a marginal pace.
In the second quarter of this year, the wealth management division of Boston Private had net flows of negative $77 million, despite record levels of new business flows at $449 million in assets under management.
Paul Gentile, president and CEO of the Cooperative Credit Union Association, will leave his post in the fall to become president and CEO of Rahway, New Jersey-based Merck Employees Federal Credit Union.
The U.S. Office of the Comptroller of the Currency announced earlier this month that it would begin accepting applications for national bank charters from fintech companies, a move that will likely streamline the regulatory process for pioneers in the banking space.
Randolph Savings Bank may have a new name, but it is still dealing with the same problems.
The parent company of Salem Five Bank has completed its acquisition of Lowell-based Sage Bank. The acquisition was announced in April and Salem Five expects a full conversion this fall.
When he was in college three decades ago, Dave Dirubbo dreamed of building the small construction company he started with his brother Anthony into a thriving business. But after he was diagnosed with stage IV lymphoma, those dreams were put on hold.
Two small, depositor-owned banks on the South Shore have agreed to merge.
Residential real estate volume at the parent company of Brockton-based HarborOne Bank slowed for the fourth consecutive time in the second quarter.