The Resource for New England's Financial Leaders
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The latest edition of Banking Northeast is available now!
Identifying locations for bank branches can be an expensive procedure – or you could just look where the Amish park their buggies. That’s worked for the Bank of Bird-in-Hand in Pennsylvania, which is looking to bring branches to what was becoming a banking desert. Also, get prepared for the batt...
The latest digital edition of Banking Northeast Magazine is available now!
Read Issue 1: https://bit.ly/3Kr4uNI
The New Year will be here before you know it. Get a jump start on 2023 by registering for the nation's largest regional .
is the opportunity to get your hands on the latest products and technology that are revolutionizing the future of banking. BankWorld is a must-attend event!
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JANUARY 13th
The amazing is back for its 27th year, and once again, this is your can’t-miss opportunity to learn about the future of banking at the ’s largest and most exciting banking .
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It’s a new day for women leaders at , & . Come share this one-day where women take the lead!
is coming to the Wyndham Newport Hotel in Middletown, RI on Friday, October 21st. Register today at: https://www.nebankwomen.com/
Two weeks from today!
The Great New England Credit Union Show has grown rapidly since its debut a decade ago and has become a must-attend event for anyone who works in the credit union industry!
Register to attend: https://www.greatcushow.com/
Use code BNEFREE for $125 off registration.
The Great New England Credit Union Show has grown rapidly since its debut a decade ago and has become a must-attend event for anyone who works in the credit union industry!
Register to attend: https://www.greatcushow.com/
Hanscom Federal Credit Union, based at Hanscom Air Force Base in Massachusetts, was recognized by Mastercard in its annual Community Institution Segment Awards with a Doing Well by Doing Good Award. The awards program recognizes those Community Institutions that are making an impact in their communities by demonstrating advancement in innovation, leadership, and philanthropic efforts and recognizes organizations across three distinct categories – Innovation, Doing Well by Doing Good, and Priceless Partner.
https://www.bankingnewengland.com/articles/hanscom-fcu-recognized-in-mastercards-annual-community-institution-segment-awards
Receives A Doing Well by Doing Good Award
One man’s attempt to fake his own death failed to sway federal authorities. He has been indicted by a federal grand jury in Providence for seeking $500,000 in forgivable loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
https://www.bankingnewengland.com/articles/faking-his-death-doesnt-help-man-avoid-bank-fraud-indictment
Banks and credit unions should step up their financial literacy classes for their customers. There’s a strong demand in this country as consumers worry about their fiscal health more than their physical health.
https://www.bankingnewengland.com/articles/americans-seek-better-financial-literacy
Survey Shows They Are More Concerned About Fiscal versus Physical Health
BankNewport has awarded Newport Mental Health a $10,000 charitable grant to support its after-hours Emergency Crisis Services.
https://www.bankingnewengland.com/articles/banknewport-awards-10-000-to-newport-mental-health
Funds Will Support Emergency Crisis After-Hours Line
ENACOMM Virtual Personal Assistant (VPA) banking is now available to customers of Enterprise Bank, a $4.04 billion-asset, Lowell, Massachusetts-based institution. It is called Enterprise Bank’s Alexa skill for voice banking.
https://www.bankingnewengland.com/articles/enterprise-bank-launches-amazon-alexa-voice-banking-skill
Digital Voice Assistants Can Check Balances, Make Transfers, Etc.
Larry Barker, the CEO of Machias Savings Bank, is actively pushing for support of the Maine lobster industry. He cites the impact of COVID-19 and the China trade war.
https://www.bankingnewengland.com/articles/bank-ceo-pushes-support-for-lobster-industry
Challenges Faced By Treatment Of Right Whale
The National Credit Union Administration is out with its advisory on fraud alerts related to the ongoing pandemic. A lot of the potential fraud involves government assistance programs, according to NCUA.
https://www.bankingnewengland.com/articles/ncua-issues-covid-19-fraud-alerts
Massive Expansion Of Government Aid Attracts Fiscal Miscreants
Direct Federal Credit Union in Needham, Massachusetts, presented 24 winners of their Acts of Kindness Awards Program introduced this Spring with $500.
https://www.bankingnewengland.com/articles/direct-federal-credit-union-surprises-24-local-heroes
$500 Grants Based On Nominations Made From The Community
New Valley Bank & Trust, the first new bank in Massachusetts in the past decade, has opened its expanded downtown Springfield branch as of Monday, Aug. 3. Malissa Naylor has joined the bank as vice president, relationship manager to oversee the new office and to continue the bank’s business development efforts.
https://www.bankingnewengland.com/articles/new-valley-expands-downtown-springfield-branch
Naylor Hired As VP To Oversee The New Office
Bristol County Savings Bank, a Massachusetts chartered savings bank, announced National Bank officially joined the organization, following the finalization of the acquisition on July 31, 2020. Freedom National Bank will be operating as Freedom National Bank a Division of Bristol County Savings Bank, until Sept. 28, when the Freedom Bank accounts merge into Bristol County Savings Bank.
https://www.bankingnewengland.com/articles/bristol-county-savings-bank-completes-acquisition-of-freedom-national-bank
Expands Bristol’s Presence in Rhode Island
Citizens Bank announced that it will award grants to minority-owned small businesses in recognition of the value that they bring as a vital part of our communities. With this program, Citizens will award 100 grants of $15,000 each ($1.5 million total) to 100 minority-owned businesses (customers and non-customers) across the Citizens 11-state footprint, extending its ongoing small business grant program.
https://www.bankingnewengland.com/articles/citizens-bank-announces-grant-program-for-minority-owned-small-businesses
Prior to the economic collapse caused by COVID-19, an overwhelming majority of Americans understood financial insecurity was a major problem that could affect them at any point and at any income level, and looked to institutions like the government, financial institutions and employers to help fix it, according to a new study by nationally recognized nonprofit Commonwealth, made possible by support from MetLife Foundation.
https://www.bankingnewengland.com/articles/americans-believe-institutions-responsible-to-help-build-household-financial-security
New Data Indicates More than 80% of Americans Call Financial Insecurity A Major Problem
Franklin Savings Bank recently pledged its support to the Nashua Soup Kitchen and Shelter, Inc. and Liberty House Veterans Transitional Living to assist these organizations with major fundraising campaigns.
https://www.bankingnewengland.com/articles/nashua-soup-kitchen-liberty-house-receive-2-500-donation-from-franklin-savings
Funds Will Be Used To Support Major Fundraising Campaigns
The New Commonwealth Racial Equity and Social Justice Fund, which launched in July, has received two donations of $5 million each from Eastern Bank and State Street Corporation.
https://www.bankingnewengland.com/articles/eastern-bank-state-street-each-donate-5m-to-racial-equity-effort
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At the 127th annual meeting of the Maine Bankers Association- held virtually this year - the member banks elected Robert S. Montgomery-Rice, president & CEO of Bangor Savings Bank, to head the association as chair beginning July 1. Also elected as association vice chair was Curtis C. Simard, president & CEO of Bar Harbor Bank & Trust.
https://www.bankingnewengland.com/articles/maine-bankers-association-elects-officers
The Personal Touch Might Be On Pause, But It's Not Gone Forever
Gregg H. Rosen, president and principal Mansfield, Massachusetts-based NES Group, spoke with Banking New England about the future of the branch after COVID-19 and what it will look like.
https://www.bankingnewengland.com/articles/nes-group-discusses-reopening-branches
SilverCloud’s Banking Chatbot Surpasses 260,000 Consumer Requests During COVID-19 Pandemic
https://www.bankingnewengland.com/articles/financial-institutions-report-50-percent-increase-in-overall-chatbot-usage
The Massachusetts Bankers Association board of directors announced that Kathleen M. Murphy will become the next president and CEO of the Massachusetts Bankers Association. will succeed Daniel Forte who has led the association as president and CEO since 1997, having joined in 1985.
https://www.bankingnewengland.com/articles/murphy-to-succeed-forte-as-head-of-massachusetts-bankers-association
East Cambridge Savings Bank and three other local companies -- Brookfield Properties, Pro EMS and Trinity Property Management -- joined forces to purchase $60,000 in reusable protective gowns for three Cambridge nursing homes.
https://www.bankingnewengland.com/articles/east-cambridge-savings-chips-in-60k-for-ppe-at-nursing-homes
Patriot National Bancorp, Inc. the parent company of Patriot Bank, N.A. announced that Robert G. Russell, Jr. has been named president and CEO of both the bank and its parent company, Patriot.
https://www.bankingnewengland.com/articles/patriot-bank-names-new-president-ceo
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The latest digital edition of Banking Northeast Magazine is available now! Read Issue 1: https://bit.ly/3Kr4uNI #bankingnortheast #bankingprofessional
The New Year will be here before you know it. Get a jump start on 2023 by registering for the nation's largest regional #banking #conference. #BankWorld is the opportunity to get your hands on the latest products and technology that are revolutionizing the future of banking. BankWorld is a must-attend event! Register now with code "BNEFREE": https://www.nebankworld.com/
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