News Topic: Massachusetts

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans. ... Read full article

The Massachusetts savings bank will gain branches in two communities as part of the acquisition. ... Read full article

One found a buyer, another announced plans to retire, and others took steps to reinvent their banks. ... Read full article

The company will pay about $58 million in cash for Melrose Bancorp. ... Read full article

The company will pay $122 million for six branches and nearly $1 billion in assets. ... Read full article

Hometown Financial, which completed three acquisitions this year, is considering branch openings for a push into the city. ... Read full article

Dorothy Savarese will remain the Massachusetts thrift's chairman and CEO. ... Read full article

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory. ... Read full article

The Boston company said the loan participation went into default due to potentially fraudulent activity. ... Read full article

Joseph Campanelli, CEO of Needham Bank, wants to be ready to scoop up mutuals struggling with rising costs and yield curve challenges. ... Read full article

Malia Lazu, a former community organizer, is overseeing a cultural shift at the Boston company that includes a new program designed to make more loans to minorities. ... Read full article

The Connecticut company, which will top that asset milestone when it buys United Financial, says it could buy more banks in coming months. ... Read full article

The Connecticut company will add heft in its home state and Massachusetts when it buys the former mutual. ... Read full article

The Hancock Shaker Village, with help from banks and other professional groups, established an award named after the late chairman and CEO of M&T Bank. ... Read full article

Paramount Financial Technologies says its software can help banks answer key questions about their branch networks, including when it makes sense to expand them. ... Read full article

Provident Bancorp, one of the nation's oldest active banks, is setting the stage to become a fully stock-owned company. ... Read full article

The Boston company gained the mortgage platform when it bought First Choice in 2017. ... Read full article

Sloane, who died on Saturday, refused to bulk up on commercial real estate loans, a move that helped him survive two severe economic downturns. ... Read full article