FDIC approves Massachusetts de novo application


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


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


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.


SVB Financial to buy Boston investment bank


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


Boston Private lines up next CEO


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


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


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


State Street fails to reassure markets on costs


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.


Boston Private to cut costs, sell advisory business


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


Boston banks bulk up to keep pace with industry heavyweights


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.


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


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


Massachusetts bank to have first new CEO in two decades


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