Massachusetts

FDIC approves Massachusetts de novo application

11/15/18

New Valley Bank & Trust is set to become the state’s first new bank since 2008.

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When best-laid plans fall short, buyers can abruptly become sellers

11/14/18

Blue Hills Bancorp in Massachusetts completed a second-step conversion and was poised to bulk up on acquisitions. It struck its one and only deal this fall — and it was not the kind it had in mind.

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SVB Financial to buy Boston investment bank

11/13/18

The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms.

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Boston Private lines up next CEO

11/06/18

Anthony DeChellis will succeed Clayton Deutsch at the end of this month.

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Community banks dabble with voice banking, but still not fully sold

10/24/18

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back.

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State Street fails to reassure markets on costs

10/19/18

The custody bank was very profitable, and it raised its cost-saving forecast for year-end, but its nearly 3% increase in third-quarter noninterest expenses prompted an investor backlash.

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Boston Private to cut costs, sell advisory business

10/18/18

The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin.

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Boston banks bulk up to keep pace with industry heavyweights

10/11/18

The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston market.

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Second M&A deal in four months for Independent in Mass.

09/20/18

The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts.

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Massachusetts bank to have first new CEO in two decades

09/19/18

Edward Doherty is set to succeed Janice Houghton when she retires in November.

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