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Banking & Finance

More firms boosting bank deposits

Rick Saia |

In a sign of increased business optimism, more companies are depositing cash in short-term investment accounts in banks, with an overwhelming majority of depositors citing better cash flows as a...

Commerce Bank boosts mortgage product portfolio

Michael Novinson |

Commerce Bank announced Monday that it's offering additional home mortgage products to new and existing customers.

A new touchpoint for security at credit union

LIVIA GERSHON SPECIAL TO THE WORCESTER BUSINESS JOURNAL |

Let's say a worker has access to sensitive, confidential information, like the accounts of thousands of credit union members. How often should the worker change his or her password?...

Hometown Bank to add Leominster branch

Rick Saia |

Hometown Bank of Oxford has received state and federal approvals to open a new branch in Leominster at the entrance to the Mall at Whitney Field, the bank announced.

Nonprofit's One Mortgage program has lenders looking for value

Michael Novinson |

Lenders are finding themselves walking a tightrope between providing lower-income Americans with quality housing and keeping their fiscal houses in order.

Enterprise Bank announces increased quarterly dividend

Lowell-based Enterprise Bancorp, which has branches in Acton, Fitchburg, Leominster and Westford, declared a quarterly dividend of 12 cents per share in the second quarter that ended June 30.

Worcester Credit Union boosts mortgage services

Worcester Credit Union is broadening its mortgage services through an agreement with an organization that has assigned a representative to work the financial institution, the credit union announced...

UniBank commits $5M to veteran lending

Michael Novinson |

UniBank has committed to loaning $5 million to military service members, veterans and their families.

Banks sue Worcester over foreclosure mediation regs

Michael Novinson |

Seven banks that do business in Central Massachusetts are asking a federal court to halt efforts by city officials in Worcester and Lynn to impose a foreclosure-avoidance program.

St. Mary's buys Marlborough building as new headquarters

Michael Novinson |

St. Mary's Credit Union has bought a Marlborough building for $7.5 million to serve as the company's new headquarters.

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