Berkshire Returns to Profitability in Q3
After a tough second quarter, Berkshire Bank says it’s back to profitability based on its third-quarter results.
Century Bancorp Announces Record Earnings in Q3
The parent company of Medford-based Century Bank announced record earnings for the third quarter of 2019. Century Bancorp Inc.’s third quarter net income of $10.084 million
United Bank’s Growth Fails to Meet Expectations
Competitive pricing continued to slow loan growth at the parent company of Hartford-based United Bank in the third quarter of 2018.
Rockland Trust Continues to Build Franchise in Worcester Area
While much of the recent focus has been on Rockland Trust’s planned acquisition of Blue Hills Bank and its expansion in the Boston area, the company has also been busy building out its franchise in Worcester and Central Massachusetts.
Berkshire Bank Grows Boston Deposit Base, Despite Current Competition
With fierce competition, deposit building in and around Boston has been a challenge for many banks.
Webster Bank Falls Behind Deposit Goal in Boston
When Webster Bank expanded into Boston in 2016, its goal was to raise $1 billion in deposits within the first five years. And at the beginning of this year, the bank reported being on target to hit that goal.
Boston Private Executives Explain Latest Divestiture and Layoffs
The recent divestiture in wealth management subsidiaries could free up capital for future acquisition opportunities, while staff reductions were an attempt to make up for slow growth, Boston Private executives said on an earnings call last week.
Century Bank Reports Profitable Q3 Despite CRE Dip
Medford-based Century Bank had a profitable third quarter of the year, but saw total commercial real estate volume decline on an annual basis.
Credit Unions Show Strong Asset Growth And Earnings In Q3
Credit unions in the U.S. continued to grow in the third quarter and produce strong earnings.
State-Chartered Banks Increase Net Income; Assets Decline
State-chartered banks in Massachusetts collectively reported roughly $2.6 billion in net income through the first nine months of 2017, up about $353 million from the end of the third quarter of 2016.
Community Banks Have Largely Positive Q3, But See Noninterest Income Decline
Community banks had another strong quarter, but the majority of the 5,294 community banks in the U.S. saw declines in noninterest income as the pace of loan growth slowed.
Growth Slows At Melrose Bank And Pilgrim Bank
Growth at Pilgrim Bank and Melrose Bank, two banks that completed initial public offerings in 2014, has been slowing significantly over the last year and even more so this year, according to FDIC data and call reports.
Wellesley Bancorp Reports Q3 Earnings
Wellesley Bancorp, the holding company of Wellesley Bank, reported third quarter net income of $1.2 million, up more than $450,000 from the third quarter of 2016.
Since Completing Merger, Growth At Western New England Bancorp Flat
Since completing the merger of Chicopee Savings Bank into Westfield Bank last December, becoming the largest headquartered bank in Hampden county, total assets for holding company Western New England Bancorp have barely moved, growing just $10 million between Dec. 31, 2016, and the end of the third quarter.
Enterprise Bank Reports Positive Q3 Income, Opens 24th Branch
Enterprise Bancorp, the parent company of Billerica-based Enterprise Bank, reported third quarter net income of $5.5 million, or diluted earnings per share of $0.47, a 17 percent increase from the third quarter of 2016.
East Boston Savings Bank Pushes Ahead With Expansion Plans
Meridian Bancorp, the holding company of East Boston Savings Bank, continues to press ahead with its expansion plan after another strong quarter for the company.
Belmont Savings Bank Twice Receives National Recognition In Q3
BSB Bancorp, the holding company of Belmont Savings Bank, had its 17th consecutive quarter of organic income growth, while garnering some serious national recognition along the way.
Admirals Bank Reports More Losses And Workforce Cuts In Q3
Admirals Bank reported more than $2.5 million in losses in the third quarter, bringing total losses year-to-date to roughly $17.8 million.
Blue Hills Bancorp Reports Q3 Earnings
Blue Hills Bancorp, the holding company of Blue Hills Bank, reported net income of $3.8 million, or $0.16 per diluted share, for the third quarter of 2017, compared to net income of $1.6 million, or $0.07 per diluted share, for the third quarter of 2016.
Rockland Trust, Off Another Strong Quarter, Prepares For Stress Testing, Deposit Pressure
Independent Bank Corp., the parent company of Rockland Trust Company, reported third quarter net income of $23.9 million, or $0.87 per diluted share, an increase of more than $3 million from the third quarter of last year.
