SEC Filing: Changing Market Conditions Curbed Interest in Envision Bank Deal
Market conditions prompted two banks to drop out of the running to acquire Envision Bank, according to a recent filing with the Securities and Exchange Commission.
Salem Five Buys Naming Rights to NESN Studio
Salem Five Bank has signed a multiyear agreement with New England Sports Network for the naming rights to NESN’s Watertown studio. It will now be called the Salem Five Studio.
Survey Shows Transformation of Business, Consumer Banking Customers
Almost three-quarters of Greater Boston consumers and businesses said the pandemic has permanently changed how they interact with financial institutions, according to a recent survey by Citizens Bank.
Ex-Century Staff Lead New HarborOne Branches
Three of the branches HarborOne Bank acquired from Rockland Trust have now opened, doubling the Brockton-based bank’s footprint in the metropolitan Boston area.
Freddie Mac Looks to Rental Payments for Better Credit Measurement
In an effort to help renters build credit vital to buying a home, Freddie Mac has launched an initiative that will encourage operators of multifamily properties to report on-time rental payments to credit bureaus.
What Does the Fed’s Bond-Buying Decision Mean?
Observers say mortgage interest rates will likely rise in the latter half of next year following the Federal Reserve’s announcement that it would begin to taper a massive bond-buying program it started to prop up the economy in the early stages of the COVID-19 pandemic last year.
Avidia Shows How Relationship Between Banks and Fintechs May Shift
Hudson-based Avidia Bank made a bold move last month, becoming the first community bank in the country to join The Clearing House’s real-time payments network and in the process showing how the relationship between fintechs and banks may soon start to shift.
Banks Need to Take the Lead to Make Fintech Mainstream
I spent a few weeks last month examining the love triangle between community banks, fintechs and the companies that provide banks with the core processors they need to make daily loan, deposit and credit transactions.
Harassment in Venture Capital Industry Targeted in New Bill
Arlington’s state senator is looking to amend the laws protecting against discrimination and harassment in the workplace to ensure they cover entrepreneurs seeking funds to start a business.
How Belmont Savings Landed on People’s United as a Buyer
Heading into 2018, management and the board of directors at the parent company of Belmont Savings Bank saw that there was no shortage of challenges in front of them if they were to sustain their successful track record of loan and earnings growth.
RateGravity CEO Speaks at Boston Fintech Week
Earlier this month, organizations and stakeholders from across the finance ecosystem came together for Boston Fintech Week, a volunteer-led, grassroots effort that put together 35 free events in Downtown Boston.
Weighted Assets: More Clarity on Fintech Regulation Should Lead to More Innovation
The U.S. Office of the Comptroller of the Currency announced earlier this month that it would begin accepting applications for national bank charters from fintech companies, a move that will likely streamline the regulatory process for pioneers in the banking space.
Banks Embrace Local Entrepreneurship
Community banks and credit unions see themselves as an extension of the communities in which they operate, and for the most part, they really are.
Baby Hendrix Graduates from Jeanne D’Arc’s Infant at Work Program
In the latest example of a company expanding its understanding of a work-life balance, six-month-old Hendrix has aged out of Jeanne D’Arc Credit Union’s bring your baby to work program.
For Banks Nearing $10B in Assets, Proposed Dodd-Frank Reform a Little Late
When news came out in November that the U.S. Senate Banking Committee had filed a bipartisan bill that would scale back large portions of the Dodd-Frank Act, the banking community cheered.
Guest Post: Banks And CUs Deserve Recognition For Community Involvement
Community banks and credit unions pride themselves on the contributions they make to their communities. While these great acts can certainly be their own reward, financial institutions also deserve
In Finance, Girls Are Worth The Investment
Seema Hingorani in 2015 founded Girls Who Invest, a nonprofit aimed at getting more female fund managers into asset management and other realms of finance.
Diebold Nixdorf And The Future Of ATMs
Representatives from Diebold Nixdorf, a leading provider of ATM and retail technology to banks, credit unions and retail stores, are traveling across the country in an 18-wheeler as part of their U.S. Connections Tour to show what the future of the retail store and bank branch will look like.
Creating Millennium-Friendly Financial Advising
Today’s guest post comes from researchers at Ohio University’s online master of financial economics program, sharing tips for successfully advising Millennials in their financial decisions.
Secondary Market Renaissance Needed At Community Lenders
Every lender wants to hire more loan officers, but some will find that asking prices these days might just crush whatever profitability they thought they might have had. How can
This Week’s Newspaper
