Santander Names New ‘Transformation’ Executive
Santander Bank announced Wednesday morning that Swati Bhatia, formerly of Goldman Sachs’ Marcus banking unit, has taken over its retail banking arm.
Citizens Bank, BofA Close Some MA Branches in November
Bank of America is closing three of its branches in Greater Boston while Citizens Bank continues to replace branches in grocery stores with video teller-enabled interactive teller machines.
Santander Launches Checking Account to Support the Underbanked
Amid the call to banks to offer bank accounts that could help low-income households, Santander Bank has started offering a consumer checking account to serve the underbanked and help them achieve their financial goals.
Chase, TD Bank, Citizens Bank Added Mass. Branches in October
JPMorgan Chase continued its Massachusetts expansion as it opened three branches in October, while TD Bank and Citizens Bank filed to open Boston branches, according to the latest information from the Office of Comptroller of the Currency.
JPMorgan Chase Closes Two Mass. Branches, Opens Two
Local branches of Santander Bank, JPMorgan Chase and First Republic Bank closed down in September, according to OCC’s latest data.
OCC Data: Santander Shrinks Bank Locations, JPMorgan Expands
Santander Bank has proceeded with the planned closures of its bank branches while JPMorgan Chase Bank continues to expand its branches in Massachusetts.
Santander to Close 16 Massachusetts Branches
Santander Bank plans to close at least 16 Massachusetts branches this year, driven by customers increasingly opting for online banking instead of in-person banking.
Community Good Works
Boston-based developer City Realty gave $7,500 to the the Dorchester Winter Farmers Market through its City Kids foundation to preserve a coupon program that helps lower-income Bostonians buy fresh fruits and vegetables. See who else gave back.
Santander Commits $2.5M to City Year
The parent company of Santander Bank has committed $2.5 million in funding over three years to Boston-based City Year, which supports U.S. public schools that are considered under-resourced.
Large Bank Looks to Simplify Customer Products
Patrick Smith, Santander’s new head of consumer and business banking, got hooked on retail banking after a career in the IT sector. It’s proving to be an asset as he guides the bank’s efforts to simplify its consumer products.
Rocket Mortgage to Provide Loans to Santander Customers
After discontinuing mortgage lending earlier this year, Santander Bank has formed a partnership with Rocket Mortgage to provide home loans for the bank’s customers.
M&T, Citizens, Santander Pass Fed Stress Test
The nation’s largest banks, including many key to the New England economy, have strong capital levels and would be able to continue lending to households and businesses during a severe recession, according to the Federal Reserve’s annual stress test.
Higher Wages Part of Credit Union’s Strategy
A new program at Chelsea-based Metro Credit Union will pay branch and service center staff – both new hires and existing employees who apply for the program – a minimum annual salary of $50,000, higher than some of the recent wage adjustments made by large national banks.
Personnel File – No.290
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Santander Opens New Boston Branch
Santander Bank has opened a new branch on Boylston Street that combines a traditional branch with co-working space.
Santander Increases Minimum Wage to $20
Santander Bank will raise its minimum hourly wage to $20, affecting employees who work in branches, call centers and corporate offices.
Boston Man Pleads Guilty to Third Robbery Charge
A Boston man has pleaded guilty to robbing a Santander Bank branch, his third federal robbery charge.
Santander to Exit U.S. Home Lending
Santander Bank’s parent company plans to discontinue U.S. home lending and review some of its commercial and industrial lending segments as part of a strategy to accelerate profitable growth.
Former Santander Branch Manager Sentenced for Fraud
A Methuen man who used his authority as a branch manager to fraudulently withdraw more than $560,000 from the accounts of deceased customers has been sentenced to prison for bank fraud.
Santander Raises Overdraft Threshold
Santander Bank has launched a new feature that the bank said would eliminate fees for nearly one-third of customers who overdraw their accounts.
