Dedham Savings, South Shore Bank Complete Holding Company Merger
Both banks will continue operating independently from each other but say they will have the ability to support each other in taking on more of bigger loans.
Photos: 2023 in Philanthropy
The developers, banks, construction companies, credit unions, real estate brokerages, property managers and others in Massachusetts’ real estate and banking industries had a busy year when it came to giving.
Bankers Say Deal Flow, Interest Rates to Blame for CRE Drop-Off
Some Massachusetts bankers say they’re still quite willing to lend – and it’s not any change in their lending standards that are to blame for a drop-off in construction and purchase mortgages.
Personnel File – No. 347
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Community Good Works
Berkshire Bank volunteers packaged over 47,000 meals that were then donated to Veterans at Veterans Inc. and the Worcester Food Pantry during its annual X-Day, bank-wide volunteer event. See who else gave back.
Community Good Works
Banks came out in support of CDCs, entrepreneurs and libraries this week.
Personnel File – No. 345
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
South Shore Bank Opens New Brockton Banking Center
Weymouth-based South Shore Bank opened a new branch in Brockton last week with a celebratory ribbon-cutting ceremony.
Personnel File – No. 333
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
Bank Holding Company Merger Brings Benefits
While the failures of two U.S. banks had no impact on the decision by Dedham Savings and Weymouth-based South Shore Bank to merge their holding companies, the bank’s leaders see some benefits from the timing of their announcement.
Parent Companies of Dedham Savings, South Shore Bank to Merge
The mutual holding companies of Dedham Savings and South Shore Bank plan to combine without merging the two banks.
Community Good Works
RTN Federal Credit Union donated dozens of handmade blankets and $250 towards the purchase of blankets, clothing and pajamas to the Massachusetts Coalition for the Homeless. See who else gave back recently.
Questions Ahead for Lenders and Borrowers
After seven Federal Reserve interest rate hikes in a relatively short timetable, we find ourselves assessing not simply whether there will be more rate increases, but more importantly, what this means for commercial lenders this year.
Personnel File – No. 317
Who’s on the move? See the latest promotions and hirings in Banker & Tradesman’s weekly Personnel File.
South Shore Bank Sponsors Data Center at Massasoit CC
Weymouth-based South Shore Bank has sponsored a data science center at Massasoit Community College that the bank said would help students access careers in the data and analytics field.
Community Good Works
Brockton-based SCU Credit Union celebrated World Kindness Day all week long with acts of kindness in the local community. Among these, SCU President and CEO Glenn Parsons traveled to several grocery stores and surprised shoppers by handing out over $3,500 in gift cards to people he met in the aisles.
Community Good Works
Quincy-based South Shore Bank Father Bill’s & MainSpring has been awarded a $100,000 grant from the South Shore Bank Charitable Foundation in support of the non-profit’s innovative Yawkey Housing Resource Center in Quincy.
Personnel File – No. 310
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Partnerships Push Loan Past Economic Turbulence
When South Shore Bank brought on City Fresh Foods as a new client, the bank found itself just one piece in a multi-partner effort to help the Roxbury-based food services provider open a new facility even as interest rates and construction costs soar.
Growing a Bank, Inside and Out
South Shore Bank COO Pamela O’Leary sees her embrace of lifelong learning as key to her career in banking technology and operations.
