The parent company of Berkshire Bank is planning to sell off one of its mortgage subsidiaries and exit other non-strategic, non-relationship types of lending, as part of a broader strategic review the company began earlier this year.
East Boston Savings Bank plans to open new branches in Cambridge and Brighton in 2019, bringing the bank up to 40 branches, as it continues to use de novo branches to drive growth.
With electronic notarization, closing attorneys would do the notarization through a portal that requires dual authentication from the borrower and closing attorney, but some have serious reservations about legalizing the technique in Massachusetts.
The Boston fintech firm Numerated spun out of Eastern Bank two years ago, boasting it could approve business loans of up to $100,000 in five minutes. The genius behind Numerated is Founder and CEO Dan O’Malley, who first created the company inside Eastern Bank.
Brookline Bank has purchased the remaining shares in Eastern Funding, one of its subsidiaries that specializes in commercial lending to small and medium sized businesses, to now own the company outright.
The parent company of Randolph-based Envision Bank is coming off its best quarter since 2017 and since the bank rebranded from Randolph Savings Bank, attributing the success to moves it has made in its mortgage division.
Sharon Credit Union and Brockton-based Crescent Credit Union are planning to merge, to form a new entity with more than $1 billion in assets.
Westfield Bank is planning to double the number of branches it has in Connecticut.
The closures come as new Boston Private President and CEO Anthony DeChellis continues to take a hard look at the bank’s strategy, and as the bank reported $963 million in negative net flows in the wealth management business between Boston Private and its affiliate partners.
The parent company of Rockland Trust has just officially surpassed $11 billion in assets, but it is already thinking about taking the next step.
The parent company of Webster Bank reported a profitable first quarter to start the year and the closing on a purchase of a large residential real estate portfolio in Eastern Massachusetts.
At a family-owned bank, there are always relationships to manage whether internally or externally, but a family’s multigenerational commitment to a bank can be the main driver behind maintaining its independence.
The parent company of Cambridge Trust has completed its purchase of Portsmouth, New Hampshire-based Optima Bank & Trust.
The parent company of Hartford-based United Bank reported another profitable quarter to start the year, but major losses could be coming.
HarborOne Bank is planning to raise $310 million in a new stock offering that will make the former credit union fully public.
A recent private placement offering has brought Admirals Bank’s capital levels well above the threshold for a “well capitalized” bank, letting the once-troubled institution chart a new path forward.
Kevin Trainor first got into property management by convincing his condominium’s board of trustees to let him take over management; what started to improve his living conditions turned into the first client of his new company: Bay State Property Management.
While online real estate giant Zillow’s foray into mortgage lending might seem scary initially, it is unlikely to have too much of a detrimental impact on local, more personalized lenders, those same lenders say.
The parent company of Medford-based Century Bank announced net income of $9.4 million for the first quarter of 2019, or $1.69 per Class A share diluted, an increase of 22.2 percent compared to net income of $7.7 million, or $1.38 per Class A share diluted, for the same period a year ago.
Two mutual banks in the North Shore are planning to merge, creating a $1.35 billion-asset institution with 18 full-service branches locations throughout Essex County and southern New Hampshire
