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.
A nongovernmental organization focused on fairness in the financial services industry has come out against People’s United Bank’s proposed acquisition of the parent company of Farmington Bank.
Earlier this year, President Donald Trump and his administration imposed a wide range of tariffs – and have since threatened to inflict more – stoking trade wars with allies and countries that do an immense amount of business with the U.S. such as China.
A former Belmont resident was sentenced yesterday in federal court in Boston in connection with a decade-long Ponzi-style investment scheme in which he defrauded 15 investors of over $6 million.
The parent company of Lowell-based Enterprise Bank reported net income of $7.6 million, or $0.64 per diluted share, an increase of $2 million compared to the same three-month period in 2017.
Merrimack Valley Credit Union has proposed to change its charter.
The parent of Farmington Bank had solid profits in the second quarter as it prepares to be acquired.
Admirals Bank has recently launched a residential mortgage business, as the bank looks to turn around past financial woes and transition into a community bank focused on the Massachusetts and Rhode Island markets.
StonehamBank has hired Mark D. Drew as a senior vice president to head the bank’s commercial lending department.
Berkshire Hills Bancorp’s balance sheet looked pretty pristine at the end of the second quarter –non-performing assets made up a measly 0.2 percent of total assets. But beneath the surface, there was a black spot.
Profits at the parent company of Hartford-based United Bank slowed in the second quarter due to unforeseen expenses, but growth is shaping up solid for the rest of the year.
The president and CEO of New Hampshire’s largest credit union, David Van Rossum, has left the organization after two and a half years.
The Office of the Comptroller of the Currency announced yesterday that it would begin accepting applications for national bank charters from fintech companies, a move that could streamline the regulatory process for innovators in the banking space.
The parent company of Brookline Bank had improved profits in the second quarter of the year, while dealing with the same deposit pressure that most community banks in Greater Boston have been experiencing.
The parent company of East Boston Savings Bank had another strong quarter, reporting net income of $14.1 million, or $0.27 per diluted share, compared to $11.3 million, or $0.22 per diluted share, for the second quarter of last year.
JPMorgan Chase in January hinted it was interested in launching a retail presence in Boston, as part of a broader initiative to put up 400 new retail branches nationwide over the next five years.
Long-term strategic investments helped Webster Bank to a strong second quarter, even as the company continued to see fierce competition from nonbank lenders in commercial real estate.
A bank holding company in Western Massachusetts has snatched up a small South Shore bank, its first move into the eastern part of the state.