Category: Financial Digest
Dedham Savings and South Shore Bank complete merger
January 12, 2024
Dedham, MA 1831 Bancorp, the mutual holding company parent of Dedham Institution for Savings (Dedham Savings), and South Shore Bancorp, the mutual holding company parent of South Shore Bank have jointly completed their merger under the 1831 Bancorp, MHC name, effective January 1, 2024.
Kelly promoted to senior vice president, senior commercial risk officer at MountainOne Bank
January 12, 2024
North Adams, MA MountainOne Bank has promoted Richard Kelly, who has assumed the role of senior vice president, senior commercial risk officer. This newly created position supports MountainOne’s commitment to asset quality while enhancing its loan approval process.
Accelerator Biotechnology Incubator receives $13.6 million in financing from Rockland Trust
January 12, 2024
Natick, MA Accelerator Biotechnology Incubator (ABI) Labs secured $13.6 million in financing from Rockland Trust for a strategic expansion which will provide additional state-of-the-art lab space and resources research to partnering businesses. ABI-Labs supports
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Colliers arranges $16 million refinancing with Brookline Bank
for Tremont Asset Management LLC's...
January 12, 2024
Brookline, MA Colliers arranged the $16 million refinancing of Babcock Place, a newly constructed 45-unit multifamily property in the Coolidge Corner neighborhood of the city. The Colliers team, led by vice president Patrick Boyle, worked with developer Sam Slater of Tremont Asset Management LLC
Real Estate Finance Association hosts Year-End Celebration and Holiday Party
December 15, 2023
Boston, MA REFA hosted its Annual Year-End Celebration and Holiday Party on Monday, November 20th at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on
Pentucket Bank reaches a $1 billion milestone
December 15, 2023
Haverhill, MA Pentucket Bank has reached a milestone in the organization’s history by topping $1 billion in assets. This makes the mutual community bank one of the largest in Mass and in N.H. by asset size.
MassDevelopment issues $17.82m tax-exempt bond on behalf of 2Life Leland LLC - Brookline Bank purcha...
December 15, 2023
Waltham MA MassDevelopment has issued a $17.82 million tax-exempt bond on behalf of 2Life Leland LLC, an affiliate of 2Life Communities, which will use bond proceeds to demolish a vacant former rest home at 21 Newton St. and build a three-story,
Meehan joins MountainOne as vice president and community engagement officer
December 15, 2023
North Adams, MA MountainOne has appointed Jennifer Meehan as vice president, community engagement officer. In her role, Meehan will drive MountainOne’s community engagement efforts throughout MountainOne’s footprint in the Berkshires and the South
Union Savings Bank hires Evanko as vice president, senior commercial loan officer
December 15, 2023
Danbury, CT According to Union Savings Bank, Richard Evanko has joined the bank as vice president, senior commercial loan officer. In his role, Evanko is tasked with providing excellent service to USB’s commercial portfolio
KeyBank Real Estate Capital appoints Wood as a senior mortgage banker
December 15, 2023
Boston, MA KeyBank Real Estate Capital (KBREC) has appointed Jonathan Wood as a senior mortgage banker focused on multifamily lending in the Northeast. Wood is responsible for originating loans for the multifamily sector
The Village Bank celebrates opening of new Waltham branch
December 15, 2023
Waltham, MA The Village Bank has opened its newest office, located at 251 Moody St. The new office is the bank’s 9th branch location. “The Village Bank has always cherished its relationships with our neighbors in Waltham,” said
Olson named executive vice president, chief banking officer at East Cambridge Savings Bank
December 15, 2023
Cambridge, MA According to East Cambridge Savings Bank, Richard Olson, a seasoned banking professional with over two decades of managerial and leadership experience in the financial services industry, has joined the bank as executive vice president,
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