KeyCorp’s deal for student lender raises eyebrows


Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.


KeyCorp to buy digital platform from Conn. community bank


The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.


Alternative lenders try to fill void left by shutdown


The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.


How a congratulatory call on one bank deal led to another


Bob Mahoney, CEO of Belmont Savings, called Jack Barnes after People's United agreed to buy a Connecticut bank. The banks announced their own merger agreement five months later.


Berkshire Hills to enter Rhode Island with SI Financial purchase


The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.


People’s United’s plan to bulk up in Boston: Target tech firms


The Bridgeport, Conn., company is developing a specialty in banking technology businesses. Like so many other small regionals with ambitious growth plans, it faces a tricky balancing act: how to take creative risks without getting in over its head.


Why this bank turns its branches into classrooms


It started with financial literacy classes, but now Chelsea Groton Bank in Connecticut is offering crafts and other so-called lifestyle courses, all in an effort to connect with the public and drive traffic to its branches.


Proposed eleventh-hour change to CECL has bankers scrambling


The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.


Fee income provides lift to Webster’s quarterly profit


The Connecticut company also reported modest loan growth and a greatly improved net interest margin.


Big acquirers find it harder to justify smaller deals


Larger community banks are favoring bigger targets — or relying more on organic growth — to expand.