Citizens Reports Private Bank Deposits Up $1.2B in Q1
Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
Berkshire Hires Ex-SVB Private Banking Head, Relocates Boston Branch
Berkshire Bank scored another high-ranking hire from the former Silicon Valley Bank and announced plans to relocate a downtown Boston branch to support its growing private banking team.
Berkshire Bank Hires Former SVB Private Banker
Amid regional banks’ race to capture business among Boston’s affluent, Berkshire Bank has hired a former Silicon Valley Bank executive to boost its private banking business in the region.
KeyBank’s New Boston President: Small Business, Private Banking on Horizon
Despite not having a retail branch in Boston, KeyBank’s new local market president is aiming to grow its roster of commercial banking clients and establish small business banking and private banking groups in the area in the next few years.
Amid Competition, J.P. Morgan Launches Private Equity Banking Team
Boston will be one of the five hubs for J.P. Morgan Private Bank’s new, private equity fund banking group, being launched with the help of bankers acquired from JPMorgan Chase’s purchase of First Republic Bank.
Citizens Launches Private Bank, to Open Six Regional Offices
Citizens Bank jumped into what it said was a “void” in the region’s banking market for the richest individuals and businesses Thursday, launching a private bank and beefing up its wealth management services with new hires.
Boston Execs Kept on in First Citizens Wealth Shakeup
First Citizens Bank is combining its existing wealth management unit and SVB Private, the former private banking and wealth management business of now-defunct Silicon Valley Bank, under a shared management structure.
New Direction for Former Admirals Bank
Less than three years after rebranding with a new name and mission, the former Admirals Bank has again changed its focus and taken on another name: 42 North Private Bank.
JPMorgan’s Private Bank Expands, Too
Daniel Curtin is leading the expansion of JPMorgan Chase’s private banking arm in New England as the region’s tech and biotech economy continues to grow.
Ex-Boston Private Exec Lands at Congress Wealth Management
Former president of Boston Private Wealth Scott Dell’Orfano has landed on his feet after departing the bank earlier this year.
A Career’s Worth of Knowledge in Premier Banking
During Clay Deutsch’s eight years at the helm of Boston Private, the former McKinsey & Co. executive saw his fair share of challenges, including issues with the bank’s up-and-coming wealth management division and a series of layoffs. However, when he retired earlier this year, Deutsch left Boston Private in much better shape than when he joined it.
Newburyport Bank Rolls Out Private Banking Group
Newburyport Five Cents Savings Bank is introducing private banking for higher net worth clients
Cambridge Trust Adds Two More to Private Banking Group
Last year, Marc White, Mark Thompson and John Sullivan were all part of a group of bankers planning to buy up a large portion of assets from Admirals Bank and spin off into a new bank targeting millennials, young entrepreneurs and nonprofits.
Cambridge Trust Moves to Bulk up Wealth Management and Private Banking
Cambridge Bancorp, the holding company for Cambridge Trust, reported $14.8 million in net income, a decrease of 12.3 percent compared to last year, after taking a nearly $4 million write down due to tax reform.
