Webster Bank Sees Earnings Drop 47 Percent
Waterbury, Connecticut-based Webster Bank announced a substantial drop in its earnings for the second quarter thanks to a $40 million provision for bad loans.
Envision Bank Books First Profitable Quarter Since 2016
For the first time in over two years, Randolph-based Envision Bank has had a profitable quarter. The bank attributed declining mortgage rates and four new loan production offices in Central and Western Massachusetts for the success.
Boston Private to Consolidate One of Last Remaining Wealth Affiliates
Boston Private has begun the process of consolidating one of its last wealth affiliates, KLS Professional Services, as the company continues to forge a new path ahead.
Berkshire Bank Wins Employee Engagement Award
After its leaders spent months trying to fix workplace culture issues that came to light at the end of 2018, Berkshire Bank received an award for how it has engaged its employees.
Berkshire Completes $180M Acquisition of CT Bank
Berkshire Bank has completed its acquisition of the parent company of Willimantic, Connecticut-based Savings Institute Bank & Trust, a deal first announced last December and valued at $180 million.
Rockland Trust Spent Q2 Boosting Capabilities With New Blue Hills Team
The parent company of Rockland Trust spent most of the second quarter integrating the parent company of Blue Hills Bank into its fold.
Webster Bank CEO Says Acquisition in Boston is Unlikely
Amid a recent spate of M&A activity among Massachusetts banks, Webster Bank’s leaders don’t expect to be joining in.
Century Bank Reports Record Earning in Q2 and Minimal Loan Growth
Despite minimal loan growth and a slight uptick in nonperforming assets and loan loss allowances, Medford-based Century Bank had another quarter of record earnings.
Marginal Profits and Growth at Melrose Bank in Q2
Growth and profits at the parent company of Melrose Bank continued to grow in the second quarter, but at a marginal pace.
Residential Real Estate Volume Dips for Fourth Consecutive Time at HarborOne
Residential real estate volume at the parent company of Brockton-based HarborOne Bank slowed for the fourth consecutive time in the second quarter.
Enterprise Bank Enjoys Solid Second Quarter
The parent company of Lowell-based Enterprise Bank reported net income of $7.6 million, or $0.64 per diluted share, an increase of $2 million compared to the same three-month period in 2017.
Farmington Bank Parent Reports Solid Profits in Q2 Ahead of Acquisitions
The parent of Farmington Bank had solid profits in the second quarter as it prepares to be acquired.
United Bank Parent’s Profits Slow Slightly as Company Grows
Profits at the parent company of Hartford-based United Bank slowed in the second quarter due to unforeseen expenses, but growth is shaping up solid for the rest of the year.
Brookline Bank Reports Solid Profits, While Dealing with Deposit Pressure
The parent company of Brookline Bank had improved profits in the second quarter of the year, while dealing with the same deposit pressure that most community banks in Greater Boston have been experiencing.
BSB Parent Reports Strong Second Quarter
The parent company of East Boston Savings Bank had another strong quarter, reporting net income of $14.1 million, or $0.27 per diluted share, compared to $11.3 million, or $0.22 per diluted share, for the second quarter of last year.
Strategic Investments by Webster Bank Start to Pay Dividends in Q2
Long-term strategic investments helped Webster Bank to a strong second quarter, even as the company continued to see fierce competition from nonbank lenders in commercial real estate.
Rockland Trust Has Huge Quarter
It was all happy talk from executives at the parent of Rockland Trust, as the bank turned in solid growth and huge profits in the second quarter.
Berkshire Bank Parent Continues to Grow in Competitive Environment
The parent company of Berkshire Bank continued to grow loans and deposits at a healthy clip during a time of deposit competition and spread compression.
Boston Private Q2 Impacted by Divestiture, Deposit Pressure
The parent company of Boston Private reported profits in the second quarter, but took a substantial hit that was expected due to its recent divestiture of Anchor Capital Advisors, while also facing significant deposit competition.
Century Bank Parent Reports Q2 Earnings
The parent company of Medford-based Century Bank reported second quarter net income of nearly $9 million, or $1.62 per Class A share diluted, an increase of 10.3 percent compared to net income of $8.2 million, or $1.47 per Class A share diluted, for the same period a year ago.
