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Banking & Finance

TD Bank to pay $625,000 in data breach case

STATE HOUSE NEWS SERVICE |

TD Bank will pay $325,000 in civil penalties and has agreed to give prompt notice of future data breaches and to comply with state data security rules as part of a settlement announced Monday in...

How do you balance online security with customers' web access needs?

Sam Bonacci |

In the last year, data from 96 million credit cards were exposed during breaches at Home Depot and Target. The online security of the U.S. State Department, the White House and other...

Good quarter for credit unions

CAROL MCDONALD |

Federally insured credit unions experienced the highest loan growth since 2006 during the quarter that ended Sept. 30, the National Credit Union Administration (NCUA) reported Thursday. It was the...

Worcester bonds receive strong rating

Sam Bonacci |

Worcester’s bonds have received a strong rating, indicating a “very strong capacity for payment” of the city’s financial commitments, according to a release from Fitch Ratings.

SBA honors banks with regional ties

Several banks and a credit union with operations in to Central Massachusetts have been honored by the state’s office of the U.S. Small Business Administration (SBA) for lending to businesses...

Banks seeing more business demand for mobile apps

Sam Bonacci |

With a mini-computer in the hands of everyone who has a smartphone, mobile banking has been a growing part of retail banking, but access to account information on phones and tablets is...

Berkshire Bank parent to buy Hampden Bancorp

Rick Saia |

The parent company of Berkshire Bank will acquire Springfield-based Hampden Bancorp in an all-stock deal valued at about $109 million, the companies announced today.

Treasurer hopefuls size up fossil-fuel divestment options

STATE HOUSE NEWS SERVICE |

Democratic treasurer candidate Deborah Goldberg has expressed interest in moving the state's $61 billion state pension fund out of fossil fuel investments while her own personal mutual fund holdings...

Enterprise Bank revenues climb

Lowell-based Enterprise Bancorp Inc., the parent of Enterprise Bank that has branches in Acton, Fitchburg and Leominster, reported an increase in net income fueled by net interest income for the...

Solid 'organic' loan growth bolsters United Bank's Q3

The holding company for United Bank, which is based in Connecticut and has branches in Central Mass., reported solid commercial loan growth in the first full fiscal quarter as the combined United...

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