INDUSTRY INSIGHTS YOUR PEERS ARE READING
Boston Private Financial Holdings on Thursday reported a lower second- quarter profit amid broader declines in its wealth management business. breaking_news performance earnings-community-banks community-banking MORE
How can one sum up the history of Boston? And that’s exactly what happened this week after MasterCard named Boston on its list of MasterCard Priceless Cities, a program designed to connect consumers with the city through exclusive access options to popular destinations. Priceless Boston, as it’s officially called, includes partners such as the Boston Red Sox, Boston Pops, Museum of Science, TPC Network golf courses, exhale spa and restaurateur Ken Oringer, to name a few. MORE
The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin. Community banking Revenue and expenses M&A Earnings Massachusetts MORE
With products ranging from ingestible sensors to track medication intake to practice management solutions, startups continue to innovate within the digital health space. And as the ecosystem grows, funding is keeping up. Global funding to the industry reached over $3.5B in the … Continued. Financing & Exits Massachusetts New York Silicon Valley MORE
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today. MORE
As the undisputed economic capital of New England, Boston is home to headquarters or satellite offices of major companies such as General Electric,… Best 41 Fun, Free or Cheap Things to Do and See in Boston, MA is a post from Money Crashers. Bostonians are justifiably proud of their city. Founded in 1630, it’s one of the oldest permanently inhabited settlements in the U.S., and boasts an incredible stock of historical architecture to prove it. MORE
lender's expansion into Boston. Webster Financial's profits barely grew in the third quarter from a year earlier, as solid revenue gains were offset by increased costs from the Waterbury, Conn., breaking_news performance ct sailthru-no-lead national-regional MORE
Boston Private Financial Holdings is expanding its footprint in California, opening a new office in Los Angeles on June 1. The company will have 35 offices nationwide, including 14 on the West Coast. breaking_news commercial-lending community-banking MORE
While Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued. Financing & Exits Geographies Los Angeles Massachusetts New York Venture Capital MORE
A relatively new concept in the U.S., social payments are even newer in the U.K., where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts. technology mobile online global MORE
Bridj — a Boston-based transportation startup that acts like an Uber for bus rides and currently serves the Boston, Washington, D.C., and Kansas City areas, now wants to launch a package delivery service that would use self-driving droids to transport packages to a customer’s front door, according to The Boston Globe. Bridj has thousands of riders in the Greater Boston area. MORE
The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston market. MORE
SEPTEMBER 15, 2017
Shaun Weston talks to Zac Sheffer from Elsen about data analysis, machine learning, engineering, financial services and the startup scene in Boston. Zac Sheffer of Elsen on data analysis and Boston’s thriving fintech scene on BankNXT. Fintech Podcasts analytics BankNXT Fintech Podcast big data business data entrepreneur interview machine learning sovereign identity MORE
Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. In fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued. Geographies Los Angeles Massachusetts New York MORE
(The Paypers) In 2016 Chinese consumers spent about USD 750 billion online, outspending both US and UK online purchases combined, according to Boston Consulting Group MORE
Lyft has started its self-driving car pilot with the self-driving car company nuTonomy , matching its riders with autonomous vehicles in parts of Boston. nuTonomy made the announcement that passengers in Boston’s Seaport district will experience self-driving rides on the Lyft network in nuTonomy vehicles. ” Ridesharing autonomous cars boston Lyft News NuTonomy Self-Driving Cars What's Hot MORE
Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Including Boston and Chicago, which could see service as soon as the end of summer, Rinse has plans to expand into 10 new cities in the immediate future and eventually to go nationwide. The dry cleaning industry isn’t working. Customers feel it, vendors feel it— but both parties need it to work. MORE
Offers & Promotions East Boston Savings Bank Bank Information Page | Receive Alerts for this Bank. East Boston Savings Bank Brings Back High-Yield Savings (2.50% APY) POSTED ON FRIDAY, NOVEMBER 9, 2018 BY Ken Tumin Deal Summary: High-Yield Statement Savings, 2.50% APY on balances between $5k and $1m, $50 minimum opening deposit, new money. Availability: The Greater Boston metropolitan area. 2.50% APY High-Yield Statement Savings ($5k min/$1m max) East Boston Savings Bank. MORE
Radius Bank in Boston has bought a national equipment-finance business from NewStar Financial in Boston. breaking_news community-banking ma dealmaking-strategy MORE
Boston doesn’t quite make it into the top tier of U.S. A “Priceless Boston” experience that includes an all-frills tour of Fenway Park (and tickets to that night’s game), a NASA astronaut-led session at the Museum of Science and a fishing trip with head chef Ken Oringer from the Toro restaurant. “We’re cities, like New York, L.A. and Chicago, but what it does offer in history, culture and sports draws tourists from across the country. MORE
As Boston tries to lure Amazon’s second headquarters to the eastern part of the city it is facing concerns that it would result in displacements of lower-income residents and increasing costs in the city. According to a report in the Wall Street Journal , the rents in the eastern part of Boston known as Eastie are already rising resulting in displacements. Those concerns aren’t only reserved to expensive cities like Boston however. MORE
Fine put up his dukes so to speak after an article in The Boston Globe published a story contending that small community banks faced the greatest risk from hackers. Continue reading ICBA President takes on The Boston Globe on cybersecurity at Bank Marketing Strategy + Ideas. MORE
Meridian had been looking to expand in certain Boston suburbs before agreeing to buy Meetinghouse Bancorp for $17.8 million. Community banking M&A Capital Massachusetts MORE
Sephora has announced the launch of Sephora Studio, a new, 2,000-square-foot concept store in Boston that will focus on artistry and skin care services. According to a news release , the opening of the brick-and-mortar Boston location comes on the heels of the company’s largest North American store opening on Manhattan’s 34th Street. The new Sephora Studio debuted on Boston’s famous high-end shopping destination, Newbury Street, on July 21. “In MORE
Loan growth at several Boston banks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming. dealmaking-strategy cre commercial-lending mortgage ma community-banking MORE
Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form. MORE
Anthony DeChellis will succeed Clayton Deutsch at the end of this month. Succession planning Career moves Career advancement Community banking Massachusetts MORE
A new venture capital firm hopes will differentiate it from other fintech investors by taking a more hands-on approach. Venture capital Venture funding Fintech MORE
In bizarre banking news, the Boston Police Department announced it had arrested a bank robbery suspect who was hiding in a port-a-potty. AP News reported Thursday that the suspect, Steven Spolidoro, a 41-year-old man from Woburn, Massachusetts, was wanted by the police for allegedly holding up the East Boston Savings Bank on Squire Road in Revere at approximately 1:00 PM on Wednesday (Nov. A dye pack attached to the money exploded as he fled the scene, CBS Boston noted. MORE
billion-asset Boston Private Financial Holdings in Boston. The $5.3 billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3 breaking_news community-banking m-a consolidation ca dealmaking-strategy MORE
Radius Bank in Boston has recruited a team to lead a national push into Small Business Administration lending. Among the new hires is Diane Gallion, a former executive at The Bancorp in Delaware, who will be national director of government-guaranteed lending at Radius. people small-business sba commercial-lending breaking_news community-banking MORE
Known for its Irish roots and sports teams, the city of Boston has significantly stepped up its technology game over the past few years. With 35 higher education institutions in the Boston area pumping out innovative tech startup companies left and right, the city has attracted big-time players in the industry. In addition to Google, Microsoft, Oracle and IBM, other tech companies have followed suit to have offices in Boston, including Twitter and Amazon. MORE
Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers. MORE
The undisputed economic capital of New England, Boston is home to headquarters or satellite offices of major companies such as Iron Mountain, New… Best 35 Fun, Free or Cheap Things to Do and See in Boston, MA is a post from the Money Crashers personal finance blog. Bostonians are justifiably proud of their city. Founded in 1630, it’s one of the oldest permanently inhabited settlements in the U.S., and boasts an incredible stock of historical architecture to prove it. MORE
Ex-Adyen North America President, Peter Caparso, joins Checkout.com to lead US growth Boston, October 3, 2017, 9:00 AM EST – Leading international online payments company, Checkout.com has today announced its. News Payments Checkout news US MORE
While there was more conjecture than proof behind Amazon’s apparent decision to exclude a Boston neighborhood from its same-day delivery service, the issue appears to be off the table now. NPR reported that Amazon has agreed to extend same-day delivery to Roxbury, a predominantly black neighborhood of Boston that was previously excluded from the coverage area that already included many other communities in the the vicinity of Roxbury. MORE
Boston’s Massachusetts Bay Transportation Authority has approved a $723 million overhaul of its fare system that would eliminate cash payments on buses and trains. Prepaid cards Mobile payments MORE
Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing. Deposits Branch banking Commercial lending Recruiting MORE
The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms. M&A Integrations Investment banking California Massachusetts MORE
PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments. Earnings Commercial banking Regional banks Middle market William Demchak PNC Financial Services Group Pennsylvania MORE
Payments Faster payments Payment fraud Esther George Federal Reserve Federal Reserve Bank of BostonIn the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system. MORE
Amazon , announced news on Tuesday (May 1) that it will expand its Boston Tech Hub, creating 2,000 new tech jobs in fields including machine learning, speech science, cloud computing and robotics engineering. Amazon is excited to create 2,000 more jobs in greater Boston,” said Amazon’s Vice President and Head Scientist of Amazon Alexa, Rohit Prasad, who is based in the Boston area, in the press release. “In MORE
Boston Private Financial Holdings appointed its bank president, George Schwartz, to the newly created position of chief executive of its private banking group. breaking_news people wealth-management ma community-banking MORE
Boston Related Topics PYMNTS
DECEMBER 7, 2017
Lyft has started its self-driving car pilot with the self-driving car company nuTonomy , matching its riders with autonomous vehicles in parts of Boston. nuTonomy made the announcement that passengers in Boston’s Seaport district will experience self-driving rides on the Lyft network in nuTonomy vehicles. ” Ridesharing autonomous cars boston Lyft News NuTonomy Self-Driving Cars What's Hot
PYMNTS
MAY 1, 2018
Amazon , announced news on Tuesday (May 1) that it will expand its Boston Tech Hub, creating 2,000 new tech jobs in fields including machine learning, speech science, cloud computing and robotics engineering. Amazon is excited to create 2,000 more jobs in greater Boston,” said Amazon’s Vice President and Head Scientist of Amazon Alexa, Rohit Prasad, who is based in the Boston area, in the press release. “In
PYMNTS
MARCH 31, 2017
Known for its Irish roots and sports teams, the city of Boston has significantly stepped up its technology game over the past few years. With 35 higher education institutions in the Boston area pumping out innovative tech startup companies left and right, the city has attracted big-time players in the industry. In addition to Google, Microsoft, Oracle and IBM, other tech companies have followed suit to have offices in Boston, including Twitter and Amazon.
PYMNTS
JUNE 8, 2017
Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form.
Bank Innovation
APRIL 2, 2018
Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.
PYMNTS
APRIL 5, 2016
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.
PYMNTS
APRIL 21, 2016
How can one sum up the history of Boston? And that’s exactly what happened this week after MasterCard named Boston on its list of MasterCard Priceless Cities, a program designed to connect consumers with the city through exclusive access options to popular destinations. Priceless Boston, as it’s officially called, includes partners such as the Boston Red Sox, Boston Pops, Museum of Science, TPC Network golf courses, exhale spa and restaurateur Ken Oringer, to name a few.
PYMNTS
JULY 21, 2017
Sephora has announced the launch of Sephora Studio, a new, 2,000-square-foot concept store in Boston that will focus on artistry and skin care services. According to a news release , the opening of the brick-and-mortar Boston location comes on the heels of the company’s largest North American store opening on Manhattan’s 34th Street. The new Sephora Studio debuted on Boston’s famous high-end shopping destination, Newbury Street, on July 21. “In
PYMNTS
AUGUST 30, 2016
Bridj — a Boston-based transportation startup that acts like an Uber for bus rides and currently serves the Boston, Washington, D.C., and Kansas City areas, now wants to launch a package delivery service that would use self-driving droids to transport packages to a customer’s front door, according to The Boston Globe. Bridj has thousands of riders in the Greater Boston area.
BankThink
NOVEMBER 13, 2018
The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms. M&A Integrations Investment banking California Massachusetts
PYMNTS
AUGUST 3, 2016
Boston doesn’t quite make it into the top tier of U.S. A “Priceless Boston” experience that includes an all-frills tour of Fenway Park (and tickets to that night’s game), a NASA astronaut-led session at the Museum of Science and a fishing trip with head chef Ken Oringer from the Toro restaurant. “We’re cities, like New York, L.A. and Chicago, but what it does offer in history, culture and sports draws tourists from across the country.
PYMNTS
JUNE 23, 2017
Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Including Boston and Chicago, which could see service as soon as the end of summer, Rinse has plans to expand into 10 new cities in the immediate future and eventually to go nationwide. The dry cleaning industry isn’t working. Customers feel it, vendors feel it— but both parties need it to work.
BankThink
NOVEMBER 6, 2018
Anthony DeChellis will succeed Clayton Deutsch at the end of this month. Succession planning Career moves Career advancement Community banking Massachusetts
BankThink
OCTOBER 11, 2018
The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston market.
BankNXT
SEPTEMBER 15, 2017
Shaun Weston talks to Zac Sheffer from Elsen about data analysis, machine learning, engineering, financial services and the startup scene in Boston. Zac Sheffer of Elsen on data analysis and Boston’s thriving fintech scene on BankNXT. Fintech Podcasts analytics BankNXT Fintech Podcast big data business data entrepreneur interview machine learning sovereign identity
CB Insights
MARCH 3, 2017
While Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued. Financing & Exits Geographies Los Angeles Massachusetts New York Venture Capital
Deposit Accounts
NOVEMBER 9, 2018
Offers & Promotions East Boston Savings Bank Bank Information Page | Receive Alerts for this Bank. East Boston Savings Bank Brings Back High-Yield Savings (2.50% APY) POSTED ON FRIDAY, NOVEMBER 9, 2018 BY Ken Tumin Deal Summary: High-Yield Statement Savings, 2.50% APY on balances between $5k and $1m, $50 minimum opening deposit, new money. Availability: The Greater Boston metropolitan area. 2.50% APY High-Yield Statement Savings ($5k min/$1m max) East Boston Savings Bank.
Long Lasting Ideas
APRIL 11, 2016
Fine put up his dukes so to speak after an article in The Boston Globe published a story contending that small community banks faced the greatest risk from hackers. Continue reading ICBA President takes on The Boston Globe on cybersecurity at Bank Marketing Strategy + Ideas.
American Banker
DECEMBER 2, 2016
Radius Bank in Boston has bought a national equipment-finance business from NewStar Financial in Boston. breaking_news community-banking ma dealmaking-strategy
PYMNTS
NOVEMBER 30, 2017
In bizarre banking news, the Boston Police Department announced it had arrested a bank robbery suspect who was hiding in a port-a-potty. AP News reported Thursday that the suspect, Steven Spolidoro, a 41-year-old man from Woburn, Massachusetts, was wanted by the police for allegedly holding up the East Boston Savings Bank on Squire Road in Revere at approximately 1:00 PM on Wednesday (Nov. A dye pack attached to the money exploded as he fled the scene, CBS Boston noted.
BankThink
OCTOBER 18, 2018
The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin. Community banking Revenue and expenses M&A Earnings Massachusetts
BankThink
DECEMBER 8, 2017
Payments Faster payments Payment fraud Esther George Federal Reserve Federal Reserve Bank of BostonIn the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system.
American Banker
MAY 6, 2016
Loan growth at several Boston banks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming. dealmaking-strategy cre commercial-lending mortgage ma community-banking
Let's Talk Payments
OCTOBER 3, 2017
Ex-Adyen North America President, Peter Caparso, joins Checkout.com to lead US growth Boston, October 3, 2017, 9:00 AM EST – Leading international online payments company, Checkout.com has today announced its. News Payments Checkout news US
CB Insights
OCTOBER 12, 2016
Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. In fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued. Geographies Los Angeles Massachusetts New York
The Paypers
MAY 10, 2017
(The Paypers) In 2016 Chinese consumers spent about USD 750 billion online, outspending both US and UK online purchases combined, according to Boston Consulting Group
PYMNTS
MAY 21, 2018
As Boston tries to lure Amazon’s second headquarters to the eastern part of the city it is facing concerns that it would result in displacements of lower-income residents and increasing costs in the city. According to a report in the Wall Street Journal , the rents in the eastern part of Boston known as Eastie are already rising resulting in displacements. Those concerns aren’t only reserved to expensive cities like Boston however.
Payments Source
NOVEMBER 21, 2017
Boston’s Massachusetts Bay Transportation Authority has approved a $723 million overhaul of its fare system that would eliminate cash payments on buses and trains. Prepaid cards Mobile payments
Money Crashers
DECEMBER 14, 2017
As the undisputed economic capital of New England, Boston is home to headquarters or satellite offices of major companies such as General Electric,… Best 41 Fun, Free or Cheap Things to Do and See in Boston, MA is a post from Money Crashers. Bostonians are justifiably proud of their city. Founded in 1630, it’s one of the oldest permanently inhabited settlements in the U.S., and boasts an incredible stock of historical architecture to prove it.
BankThink
JUNE 26, 2017
Meridian had been looking to expand in certain Boston suburbs before agreeing to buy Meetinghouse Bancorp for $17.8 million. Community banking M&A Capital Massachusetts
Payments Source
SEPTEMBER 12, 2018
A new venture capital firm hopes will differentiate it from other fintech investors by taking a more hands-on approach. Venture capital Venture funding Fintech
American Banker
JULY 21, 2016
Boston Private Financial Holdings on Thursday reported a lower second- quarter profit amid broader declines in its wealth management business. breaking_news performance earnings-community-banks community-banking
BankThink
JULY 13, 2018
PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments. Earnings Commercial banking Regional banks Middle market William Demchak PNC Financial Services Group Pennsylvania
American Banker
JUNE 22, 2016
billion-asset Boston Private Financial Holdings in Boston. The $5.3 billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3 breaking_news community-banking m-a consolidation ca dealmaking-strategy
BankThink
JANUARY 27, 2017
Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing. Deposits Branch banking Commercial lending Recruiting
American Banker
OCTOBER 21, 2016
lender's expansion into Boston. Webster Financial's profits barely grew in the third quarter from a year earlier, as solid revenue gains were offset by increased costs from the Waterbury, Conn., breaking_news performance ct sailthru-no-lead national-regional
American Banker
MAY 9, 2016
Boston Private Financial Holdings is expanding its footprint in California, opening a new office in Los Angeles on June 1. The company will have 35 offices nationwide, including 14 on the West Coast. breaking_news commercial-lending community-banking
CB Insights
DECEMBER 13, 2016
With products ranging from ingestible sensors to track medication intake to practice management solutions, startups continue to innovate within the digital health space. And as the ecosystem grows, funding is keeping up. Global funding to the industry reached over $3.5B in the … Continued. Financing & Exits Massachusetts New York Silicon Valley
Payments Source
APRIL 21, 2016
A relatively new concept in the U.S., social payments are even newer in the U.K., where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts. technology mobile online global
PYMNTS
OCTOBER 31, 2016
Payments As A Service Boston Retail Partners Cayan Latest Industry Data Main Feature News Payments as a Service Payments as a Service Tracker Tracker Series What's happening now
Money Crashers
MARCH 10, 2016
The undisputed economic capital of New England, Boston is home to headquarters or satellite offices of major companies such as Iron Mountain, New… Best 35 Fun, Free or Cheap Things to Do and See in Boston, MA is a post from the Money Crashers personal finance blog. Bostonians are justifiably proud of their city. Founded in 1630, it’s one of the oldest permanently inhabited settlements in the U.S., and boasts an incredible stock of historical architecture to prove it.
American Banker
MAY 26, 2016
Radius Bank in Boston has recruited a team to lead a national push into Small Business Administration lending. Among the new hires is Diane Gallion, a former executive at The Bancorp in Delaware, who will be national director of government-guaranteed lending at Radius. people small-business sba commercial-lending breaking_news community-banking
American Banker
APRIL 11, 2016
Boston Private Financial Holdings appointed its bank president, George Schwartz, to the newly created position of chief executive of its private banking group. breaking_news people wealth-management ma community-banking
46 
Let's personalize your content