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ABA added NB Bancorp, headquartered in Needham, Massachusetts, to the ABA NASDAQ CommunityBank Index, or ABAQ. The post NB Bancorp added to ABA NASDAQ CommunityBank Index appeared first on ABA Banking Journal.
When Gilda Nogueira's family immigrated to the United States, East Cambridge Savings Bank in Cambridge, Massachusetts, helped them land on their feet and begin their new life in America. Today, Nogueira pays this opportunity forward through communitybanking as president and CEO of ECSB.
A popular opinion, brought to the forefront last week by a Harvard University report , is that these regulations are imposing a significant burden on small financial institutions such as communitybanks and credit unions. She also added that communitybanks, specifically, have seen more than 11 percent growth.
Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell. The post Massachusettsbanks announce merger appeared first on ABA Banking Journal.
“Community service is a timeless tradition that’s core to every communitybank.”. As I work on this column, I’m in Santa Fe, preparing to speak at the Independent Community Bankers Association of New Mexico’s annual convention. Community service is a timeless tradition that’s core to every communitybank.
Reading Cooperative Bank in Reading, Massachusetts, and Wakefield Co-operative Bank in Wakefield, Massachusetts, are planning to merge. The post Massachusetts co-op banks announce merger appeared first on ABA Banking Journal.
Demand for digital solutions continues to accelerate, making innovation an imperative for communitybanks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides communitybanks with the information and tools necessary to grow and succeed in today’s competitive landscape.
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 communitybank.
People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of communitybanks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.
River Run Bancorp near Boston said it would acquire Rollstone Bank and Trust, adding to a string of industry combinations as M&A activity gathers momentum in the second half of 2024.
Louis Fed’s communitybanking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves. In keynote remarks last night at the St.
Anne Tangen, a bank IT expert-turned-CEO at BankFive in Fall River, Massachusetts, talks about BankFive's efforts to reduce friction in the account opening process, as well as her work to smooth the path for talented women in the communitybank C-suite.
Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. Accessibility Beyond Big Banks. George, was met with widespread support from her fellow witnesses.
The parent companies of Cape Cod 5 and Fidelity Bank have agreed to combine under a multibank holding company called Mutual Bancorp. The bank units would keep their current names and operate independently but pool resources to improve efficiency.
By way of comparison, we do a quarterly flip book for Massachusetts that shows all MA banks cost of funds was 2.48%. The bank consists of two segments: 1) the traditional communitybank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. But not that much higher. There they are.
For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused communitybank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.
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.
Sarah Huckabee Sanders, the White House press secretary, was pleased with the result: “The bill provides much-needed relief from the Dodd-Frank Act for thousands of communitybanks and credit unions and will spur lending and economic growth without creating risks to the financial system,” she said.
North Easton Savings Bank president and CEO Rich Spencer (left) with recipients of the bank’s annual college scholarships. College-bound high school students in Massachusetts were asked to complete essays about the intrinsic value of communitybanks for a chance to win a scholarship from North Easton Savings Bank.
Among the deals announced were proposed bank acquisitions in Oklahoma and Tennessee and the merger of two Massachusetts mutuals. The post Bank mergers announced in multiple states appeared first on ABA Banking Journal.
“While we can make no promises about when or if this might come to fruition, we encourage you to continue applying online,” says the website of Main Street Bank in Marlborough, Massachusetts. Other bankers on the ICBA webinar agreed that getting unprocessed applications completed is a top priority.
Hanscom Federal Credit Union in Massachusetts said it would acquire Peoples Bancorp and its insurance agency. It marked the 21st deal of the year involving a credit union buying a bank.
Me: Commercial Real Estate loans are the most profitable product in a communitybank'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.
PeoplesBank and Cornerstone Bank entered into an agreement to combine their holding companies in a deal slated to close early in 2025. The banks would continue to operate separately.
Communitybanks in Massachusetts & Tennessee do good and reap unexpected rewards. At BankMarketingCenter.com we’re big proponents of building financial literacy among communitybank and credit union customers. But as American Banker reported a couple of weeks ago, a bank in Brockton, Mass.,
The planned Bay State deal comes two months after the Minneapolis-based Thrivent said it plans to merge a credit union it controls into a new industrial bank.
Proposed bank acquisitions announced in Ohio, Pennsylvania, Massachusetts and Kansas. The post Bank acquisitions announced in four states appeared first on ABA Banking Journal.
Byline Bancorp in Chicago, Mifflinburg Bancorp in Pennsylvania and River Run Bancorp in Massachusetts announce acquisitions. The post Bank acquisitions announced in three states appeared first on ABA Banking Journal.
The cash-and-stock bid for Enterprise Bancorp is expected to close in the second half of 2025. In connection with the deal, Independent plans to raise about $250 million in subordinated debt.
This article Unique Youth Savings Account Aims to Hook Gen Z and Gen Alpha on This Bank appeared first on The Financial Brand. A Massachusettscommunitybank puts a creative twist on savings accounts — and offers 5% interest! — to reel in young people and make them lifelong customers.
As communitybanks attempt to grow funding for expanding their loan portfolios, most turn to a tried-and-true method: They promote a certificate of deposit “special.” Communitybanks can significantly improve how they price and sell time deposits to produce more funding volumes with less negative impact to profitability.
The ratio would provide a bank’s current core capital position to risk-adjusted assets. Some form of this ratio will likely be applied to the national and regional banks, which means larger communitybanks will also be judged by this ratio. 9) Brand Matters: SVB had one of the best brands in banking.
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