Massachusetts

Randolph Bancorp in Mass. to cut mortgage jobs

12/15/17

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

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Inside black-owned bank's plan to stay relevant and cause driven

12/11/17

OneUnited is trimming branches and expanding digital offerings as it builds its brand as a backer of social justice that develops innovative products such as a Black-Lives-Matter-themed debit card.

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Brookline to buy First Commons Bank in Massachusetts

09/21/17

Brookline will pay $56 million in cash and stock for First Commons in a deal that will add $324 million in assets.

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Abandoned bank takeover works to Cambridge Bancorp's advantage

09/20/17

The Massachusetts company hired banking veteran Mark Thompson, who recently scrapped an effort to buy a struggling bank in Boston, as its bank president.

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Meridian to bolster Boston-area network with Meetinghouse acquisition

06/26/17

Meridian had been looking to expand in certain Boston suburbs before agreeing to buy Meetinghouse Bancorp for $17.8 million.

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The slow remaking of the taxi-medallion loan market

05/25/17

Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis.

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

05/22/17

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.

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

05/17/17

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.

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New asset-servicing deals boost fee income at State Street

04/26/17

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

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Santander Consumer agrees to $26M settlement with state AGs

03/29/17

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.

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