Berkshire Hills to move HQ to Boston as part of latest acquisition


The company agreed to buy Commerce Bancshares in Worcester, Mass., in a deal that is expected to close in the next six to nine months.


Eastern Bank spinoff to give banks fintech capabilities in small-business lending


Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer.


New asset-servicing deals boost fee income at State Street


State Street won $110 billion of new asset-servicing business in the quarter.


Santander Consumer agrees to $26M settlement with state AGs


The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.


Independent Bank in Mass. taps new bank president


Gerald Nadeau has been the company's top commercial lending executive since 2007.


Cooperative Bank of Cape Cod in Massachusetts names first female CEO


Lisa Oliver, who will also become the bank's president, previously ran the business banking division at KeyBank.


How this bank keeps small-business clients away from online lenders


Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.


Big banks worked with pot industry, despite denials, records show


Documents from Massachusetts complicate the narrative that marijuana businesses either can’t get bank accounts or are only being served by small institutions.