Envision Bank Reports $1M in Losses in Q2
Randolph Savings Bank may have a new name, but it is still dealing with the same problems.
Randolph Savings Bank may have a new name, but it is still dealing with the same problems.
After another tough year, Randolph Savings Bank will change its name to Envision Bank effective March 12.
Randolph Bancorp, the holding company of Randolph Savings Bank, will lay off 8 percent of its workforce, or about 16 employees, before year’s end.
Merger and acquisition costs as well as a “lower production of saleable residential mortgage loans” have contributed to lower quarterly earnings and year-to-date losses for Randolph Bancorp, the holding company of Randolph Savings Bank.
A Boston man was recently charged in federal court in Boston with bank robbery.
Randolph Bancorp boosted its second quarter earnings in part due to increasing residential mortgage volume.