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Banking & Finance

Webster First, Industrial credit unions to merge

Webster First Federal Credit Union (WFFCU), which is based in Worcester, is merging with Boston-based Industrial Credit Union (ICU), the two institutions announced.

Baker backs re-authorization of Ex-Im Bank


Gov. Charlie Baker has signed onto a letter calling on Capitol Hill leaders to reauthorize the official U.S. export credit agency.

IC Federal expands in Worcester

Fitchburg-based IC Federal Credit Union will hold a grand opening for its new Worcester branch at 947 West Boylston St. next month. The office opened Thursday.

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Peer-to-peer lender Lending Club finds niche, but banks don't see it as major threat

Sam Bonacci |

Banks and credit unions in Central Massachusetts have their eyes on the newest competition in the lending marketplace, which writes lower-rate loans using money from individual...

In an era of less cash, the ATM still lives


Not so long ago, ATMs were the newest innovation in banking. Instead of waiting in line at a teller window, you could deposit or withdraw money with a few taps of a keypad. Now, though,...

Banks muscle in for a bigger piece of action in commercial lending

Sam Bonacci |

Many banks that do business in Central Massachusetts are jostling and hustling to underwrite new commercial loans, even going so far as to hire specialists from competitors to gain an...

Citizens profits jump for quarter, 2014

The parent company of Citizens Bank, which operates about 30 branches in Central Massachusetts, saw a 4-percent jump in profits in the fourth quarter of 2014, finishing the year with an 18-percent...

Banks to pay Mass. $2.7M in foreclosure accord

Four of the nation’s largest banks have agreed to pay $2.7 million and repair defective property titles to resolve claims that they unlawfully foreclosed on properties in Massachusetts to which...

VCs had strongest year since 2007

Venture capital firms in the United States raised the most money in seven years in 2014 in spite of a 9-percent drop in the fourth quarter, a new report said Monday.

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