Even if there are fewer reasons than ever to walk into a bank, that hasn't meant branches are closing. Instead, banks are renovating their spaces, going smaller and more informal, and training branch employees to do more of everything a customer may need.
Steve Carpinella, a former loan review consultant for Cobblestone Management in Brockton, has joined The Milford National Bank and Trust Company as vice president, commercial loan officer.
Central Massachusetts professionals joined and were promoted at firms like Becker College, Abby's House, UniBank, Commerce Bank and Webster Five Cents Savings Bank.
The increase in interest rates is exactly what many in the financial field have been waiting for, and something we have been talking about seemingly for years. Low rates have meant low margins, which have meant struggling times for many lenders.
Banks in Worcester County have boosted their SBA lending, following a push from the agency to increase lending to small businesses and traditionally underserved populations.
An expansion by Worcester fuel distributor Nouria Energy Corp. that doubled its presence in Maine was funded by $32 million in credit from Citizens Bank.