Commercial lending boundaries are beginning to crumble for several Central Massachusetts banks that are launching a virtual free-for-all to generate business that can cover a drop in residential real estate lending.
It appears unlikely that the Federal Reserve's surprise decision to continue buying $85 billion in bonds each month will jumpstart the Central Massachusetts housing market, several Realtors and bankers said.
Announcing the first major initiative under new leader, Timothy Murray, the Worcester Regional Chamber of Commerce said it plans to raise $1.2 million for business development in the region over the next two years.