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Banking & Finance

Enterprise Bancorp income soars 36%

Sam Bonacci |

Lowell-based Enterprise Bancorp Inc., the parent of Enterprise Bank that has branches in Acton, Fitchburg and Leominster, announced a 36 percent year-over-year increase in net income for the second...

Marlborough and North Middlesex savings banks to merge; create $1B bank

Sam Bonacci |

Two area mutual banks have announced that they have agreed to a merger that would create a bank with nearly $1 billion in assets and $95 million in equity across 14 branches.

Lawmakers slap together on-time budget

STATE HOUSE NEWS SERVICE |

Responding to instability in the stock market that has shredded revenue estimates for next year, House and Senate leaders on Thursday will seek passage of a $39.15 billion budget accord for the...

Leominster Credit Union assets rise to $627M

Sam Bonacci |

The Leominster Credit Union reported its assets and loan portfolio saw steady growth to $627 million and $419 million, respectively, in 2015 while deposits declined slightly.

Questions swirl around state budgets amid $311M shortfall

STATE HOUSE NEWS SERVICE |

As tax collections have faltered over the past two months, the Baker administration has confidently asserted that it can "manage through" what has become a $311 million shortfall in revenues with...

Bankers call foul as rival credit unions look into public deposits

Laura Finaldi |

As credit unions' market share expands in Massachusetts, the state bankers association says that growth is unfair to banks and against the public interest.

The SBA is a lifeline to small business

ANTHONY PRICE Special to the Worcester Business Journal |

Business needs the life-sustaining force of capital circulating within it to prosper, just like the human body needs oxygen. There is no substitute for capital.

SimpliVity customers up 177% in first quarter

Sam Bonacci |

Westborough technology firm SimpliVity said Thursday that its customer base for the first quarter rose by 177 percent year-over-year on the back of deals with Fortune 50 and Global 2000 companies.

SpencerBANK and Southbridge Savings Bank merger approved

Sam Bonacci |

The merger of the holding companies of SpencerBANK and Southbridge Savings Bank has been approved and will operate under the name SSB Community Bancorp MHC.

Bankers report focuses on 'unrestricted' credit union growth

STATE HOUSE NEWS SERVICE |

Massachusetts bankers on Monday released a report questioning the performance of credit unions.

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