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Provident in Massachusetts buys warehouse lending business

American Banker

The company acquired ResX Warehouse Lending from People's United Financial.

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Podcast: Inside a Community Bank’s ESG Strategy

ABA Community Banking

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.

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Hearing On BB&T/SunTrust Merger Raises Questions On Size

PYMNTS

Stephen Lynch of Massachusetts pointed to the fact as many as 740 branches of the banks are within two miles of one another — and he raised concerns about branch closings and job losses. billion for small business lending. In remarks to the committee, SunTrust CEO William Rogers Jr.

Community 130
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Commercial Real Estate or Business Lending: Which Is Better?

Jeff For Banks

Me: Commercial Real Estate loans are the most profitable product in a community bank's arsenal and have been through various interest rate environments. Bank Senior Lender: Not when you consider the whole relationship. In a world of limited resources, which should you dedicate resources to pursue? But we have work to do.

Lending 78
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Podcast: How Multigenerational Directors and Engaged Employees Drive Bank Independence

ABA Community Banking

For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.

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Eastern bank in Mass. taps Citi cards exec to lead consumer lending

Payments Source

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Lending 60
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Banking's Top 5 Total Return to Shareholders: 2024 Edition

Jeff For Banks

They provide white-label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. The Bank is currently offering shares for sale at-the-market to support future growth.