Community Good Works
Banks came out in support of CDCs, entrepreneurs and libraries this week.
Banks came out in support of CDCs, entrepreneurs and libraries this week.
Brockton-based HarborOne Bank gave $25,000 to the Boys & Girls Club of Providence to renovate and expand the nonprofit’s Wanskuck Clubhouse. See who else gave back.
HarborOne reduced staff in its mortgage division during the first quarter and plans to make other cost saving moves this year.
The pandemic startup surge is showing little sign of abating, and some local banks are expanding their financial education programming to support new – particularly minority – business owners, and perhaps win new customers along the way.
HarborOne saw fourth quarter earnings drop about 28 percent year-over-year as mortgage demand declined, but the Brockton-based bank still saw full-year earnings increase by 30 percent.
After more than 25 years leading HarborOne Bank and its predecessor credit union, CEO James W. Blake will retire in May.
After another lending round of the Paycheck Protection Program ended in May, Massachusetts banks have continued to see loan forgiveness help drive financial performance.
The New England Patriots’ new starting quarterback Mac Jones just signed with another local team: Brockton-based HarborOne Bank.
HarborOne saw second quarter earnings increase about 35 percent over the same quarter last year, but a decline in mortgage refinance activity has affected the bank’s income.
Local banks continued to reduce the provision for loan losses in the first quarter in a sign that pandemic-related credit concerns continue to stabilize.
Banks, Realtors and commercial landlords gave back to their communities with time, money and expertise in recent weeks.
With the pandemic driving many customers away from branches and accelerating the adoption of online and mobile technology, banks face the prospect of long-lasting changes to how they interact with customers.
Brockton-based HarborOne Bank opened its latest branch this week, in downtown Quincy.
For more than a decade a different kind of university, for no charge, has taught thousands of students how to start a small business or just open a bank account; how to buy a house, borrow money, save for college, avoid payday lenders and rental furniture – and even become an American citizen.
Officials from HarborOne Bancorp, including CEO James W. Blake, kicked off the trading day in New York City Friday with the traditional ringing of the NASDAQ bell in Times Square.
The parent company of Brockton-based HarborOne Bank is set for a $310.4 million public offering after regulators gave the green light to its second-step conversion, completing its six-year journey from credit union to stock bank.
Members of the banking and real estate industries gave back to their communities in substantial ways in recent weeks.
Employees and companies in the banking, real estate and construction industries gave back to their communities in many ways last week.
In this week’s collection of good deeds, commercial real estate offices, banks and credit unions give back to their communities through grants, scholarships and volunteering.
Clinton Savings Bank, Kaplan Construction and Rogers & Gray Insurance are among the organizations announcing changes to personnel in this week’s roundup.