Growing a Bank, Inside and Out
South Shore Bank COO Pamela O’Leary sees her embrace of lifelong learning as key to her career in banking technology and operations.
Remote Notarization Evolves Amid Push to Make It Permanent
Industry groups want Massachusetts to join most other states in making remote online notarization not only permanent, but more advanced than the practice that became common during the pandemic.
Boston Banking Advisory Firm to Merge With London Company
Boston-based financial institution advisory firm Aite-Novarica Group plans to merge with RBR, a London-based research and data firm, to create a global research and advisory firm focused on the financial services and retail technology sectors.
People’s United Won’t Swear Off Future Mergers
Changing dynamics and accounting standards will not change People’s United Bank’s strategy around mergers and acquisitions, bank executives said during the bank’s third quarter earnings conference call on Thursday.
Cape Cod 5 Names Johannessen CFO
Cape Cod 5 has named Stephen Johannessen chief financial officer.
Bridgewater Savings Bank Completes Renovations
Bridgewater Savings Bank recently completed renovations to its office at 14 Main Street in Bridgewater.
Ana Botín joins Santander boards
Santander Group announced that Ana Botín, executive chairman of Banco Santander, is joining the boards of directors of Santander Holdings USA, Inc. and Santander Bank, N.A.
Cape Cod 5 Names Talerman and Burke Co-Presidents
Cape Cod 5 chair and CEO Dorothy Savarese will turn over the role of president to Robert Talerman and Matthew Burke, making them co-presidents of the bank.
Webster Five Plans New Headquarters in Auburn
Webster Five Cent Savings Bank plans has purchased property in Auburn and plans to turn the space into its new corporate headquarters.
Partnerships Between Banks and Nonprofits Benefit Everyone
Partnerships between financial institutions and nonprofit organizations that go beyond the traditional relationship benefit both parties, leading to richer, more fruitful benefits for everyone involved.
Banker & Tradesman’s Editorial Cartoon: The Right Way for TD Bank to Say ‘Sorry’
What do you do when your ad agency is stuck in the ’80s?
Lawmakers Vote Down Marijuana Banking Measures
While a bipartisan bill that would pave the way for financial institutions to bank marijuana picks up steam, panels in the U.S. House and Senate are defeating measures and amendments that are essentially attempting to do the same thing.
FIs Still in Limbo
In January, when U.S. Attorney General Jeff Sessions rescinded the Cole Memo, Obama-era guidance that said the federal government would not interfere with states that legalized marijuana, many feared most financial institutions currently banking or considering banking marijuana businesses would get cold feet.
Banking Industry Must Embrace Digital Transformation
The banking industry is the most likely to be negatively impacted if it does not embrace digital transformation, a new report has found.
Group Sees Opportunity in a Crowded Market
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.
Video: Status of Banking Recreational Marijuana
With only a few months before recreational sales debut in the commonwealth, potential options for banking marijuana are still largely unknown.
Banking ‘Dirty’ Money
The head of the Massachusetts Cannabis Control Commission last week called for the establishment of a state-run financial institution to bank marijuana deposits – an eminently sensible and practical suggestion.
State-Run Pot Bank Proposed for Massachusetts
The state’s top marijuana official is floating the idea of a state-run financial institution to bank marijuana deposits.
While Sessions Fights Against, Mnuchin May be More Supportive of Banking Marijuana Deposits
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.
US Attorney Elaborates on Marijuana Enforcement and Banking
Opioid crimes are his top drug enforcement priority, but U.S. Attorney Andrew Lelling told reporters Wednesday that his enforcement of federal marijuana laws could ensnare anyone from an hourly wage employee at a marijuana dispensary to a bank that opens an account for a pot shop.
