Category: Financial Digest
The Village Bank hires Francis as vice president, digital banking
July 12, 2024
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Clarice Francis has joined the bank as vice president, digital banking. Francis joins the bank after working in the same role at Athol Savings Bank.
Trinity Financial to revitalize The Aeolian Company
building in Meriden, CT with $56 million inv...
July 12, 2024
Meriden, CT The Aeolian Company building, a manufacturing facility for automatic player pianos established in 1887 and a significant part of the town’s history, is set to experience a significant redevelopment. Located at 85 Tremont St., the long-underutilized complex in the North End neighborhood
Jones joins Eastern Bank as senior vice president, community development lending team leader
July 12, 2024
Boston, MA Eastern Bank has welcomed Erik Jones as a senior vice president, community development lending team leader. Jones brings deep experience in lending for a broad array of corporate and tax-exempt organizations in the healthcare, education, human services and philanthropic communities.
MassDevelopment issues $12.08 million tax-exempt bond on behalf of Inquilinos Boricuas en Acción, I...
June 14, 2024
Boston, MA MassDevelopment has issued a $12.08 million tax-exempt bond on behalf of Inquilinos Boricuas en Acción, Inc. (IBA), which will use proceeds to build the city’s new home for Latinx art and community empowerment, La CASA: The Center for Arts, Self-Determination,
Related Beal closes financing on Innovation
Square Phase III development
June 14, 2024
Boston, MA Related Beal has closed financing on Innovation Square Phase III (ISQ3), a 345,000 s/f life science development in the city’s Raymond L. Flynn Marine Park (RLFMP). Details of the financing were not disclosed.
Rockport Mortgage closes $10.3 million in financing for 70-units of affordable housing - Prence Gran...
June 14, 2024
Carver, MA Rockport Mortgage has closed on a $10.3 million, HUD Section 223(f) refinance loan for Prence Grant and Meadowbrook Apartments, 70-units of subsidized affordable housing for seniors located on three non-contiguous parcels of land in the towns of Marshfield and Carver.
Winchester Savings Bank elects Merritt to the board of trustees
June 14, 2024
Winchester, MA According to John Carroll, president and CEO of Winchester Savings Bank, Edward Merritt has been appointed to the board of trustees. Merritt was elected to the board for a three-year term at the bank’s annual meeting.
Union Savings Bank launches Rapid Loan and Line of Credit programs to help small businesses fast-tra...
June 14, 2024
Danbury, CT Union Savings Bank has introduced a new suite of Rapid Loans designed to help qualified small business owners access funding quickly and easily. The rapid product suite includes both term loans and lines of credit with a maximum loan amount of $50,000.
Rockland Trust appoints Eidle as senior vice president, commercial banking center manager
June 14, 2024
Peabody, MA Rockland Trust has appointed David Eidle as senior vice president, commercial banking center manager for the Peabody office. In this role, Eidle will be leading a team of commercial bankers to expand the bank’s commercial and industrial (C&I) business north of Boston.
MountainOne’s commercial lending division hires Duckett and Glynn
June 14, 2024
North Adams, MA The commercial lending division at MountainOne Bank continues to grow with the recent additions of Peter Duckett and Christopher Glynn as commercial portfolio manager and associate commercial portfolio manager, respectively.
Worth Avenue Capital provides $1.5 million loan
June 14, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $1.5 million short-term bridge loan for a local home builder. The loan proceeds will be used for working capital purposes by the borrower and the loan is secured by a blanket second mortgage on two recently constructed luxury homes,
Eastern Bank provides financing for Capstan Atlantic’s conversion to employee-owned company
June 14, 2024
Boston, MA Eastern Bank has provided the financing to facilitate Capstan Atlantic’s conversion to an employee-owned company. Founded in 1956 and located in Wrentham, Mass., Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry
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