Mass. Home Affordability Worsens in Fourth Quarter
An index maintained by data firm ATTOM shows that every area of Massachusetts got less affordable over the last year. The North Shore and Merrimack Valley were hit hardest.
PHOTOS: 2024 in Philanthropy
Each Friday, Banker & Tradesman rounds up recent instances of charitable giving, volunteering and other good deeds by members of the real estate and banking industries in Massachusetts in our regular Community Good Works features. And each December, we highlight...
When a Bank’s Giving Benefits Its Business, Too
As Eastern Bank approaches five years since it went public, it continues to be an outspoken advocate through its foundation. That leadership also helps it attract customers and employees.
J.D. Power: Trust in Megabanks Rises, Challenging Smaller Competitors
American bank customers’ trust in national banks has grown, providing yet another challenge for local and regional banks looking to acquire new customers and deposits.
BankFive Hires New CFO from HarborOne
BankFive has hired a new chief financial offer as the calendar inches toward the new year, and a short time after losing its prior CFO to another South Coast lender.
Older Homebuyers More Likely to Take Climate Risks
Older Americans are more likely than younger Americans to buy homes in places with significant climate risk. according to a new report from Redfin.
Berkshire Bank and Brookline Bank Plan $1.1B Merger
According to a securities filing, the holding companies of Berkshire Bank and Brookline Bank are planning to join forces in a merger of equals.
Experts See Housing Market Inching Towards Normality in 2025
With more Federal Reserve rate cuts expected, some see positive signs that 2025 could see a more balanced housing market as the lock-in effect dwindles in Massachusetts.
Massachusetts Markets Predicted to Cool Off in 2025
Realtor.com economists project Greater Boston will have a drop in sales while home prices are projected to grow by 5.6 percent year over year.
The Savings Bank CEO Retires, Successor Named
After a 47-year career in the financial services industry, Robert J. DiBella, president and chief executive officer at The Savings Bank has announced his retirement.
Mortgage Refi Activity Increased Amid Rate Drops
Amid rate drops in the fall, mortgage refinance activity in Massachusetts increased.
Boston Renters Get Little Bang for their Buck
Renters in Boston are not getting a lot of space for their money, even with the most expensive rents in the nation.
Rockland Trust to Acquire Enterprise Bank
Rockland Trust has announced that it plans to acquire Enterprise Bank in a cash and stock transaction valued at $562 million.
Real Estate Leaders Say Apartment Brokers Devalued in Fee Controversy
Politicians in Cambridge, Boston and Somerville are all seeking to stop tenants from having to pay apartment broker fees. But two industry leaders say that any potential change could have undesirable ramifications.
A New Face on Familiar Terrain
Business confidence is rising in Massachusetts and Ren Cato, a new senior business banker at South Shore Bank, hopes to harness that to drive growth for the bank.
Zillow: Empty-Nest Homes Won’t Solve Boston Housing Issues
As struggles with a lack of supply and rising prices continue, empty-nest homes won’t solve these issues, a new report argues.
HarborOne Bank Partners With Wealth Management Platform
HarborOne Bank has partnered with Osaic Institutions, one of the nation’s largest providers of wealth management platforms.
Merrimack Valley Credit Union and Cabot Boston Credit Union Merger Approved
The members of Merrimack Valley Credit Union and Cabot Boston Credit Union have voted in favor of merging the two financial organizations.
Bristol County Savings Bank Hires Former BankFive CFO
Bristol County Savings Bank has hired a familiar face from the state’s banking industry as its new chief financial officer.
New Construction Pushed Greater Boston Rents Down in October
The drop in median rent can be credited to an increase in supply as rental stock increased across the Northeast, Realtor.com economists said.
