Eastern Bank to Change Overdraft Fee Policy, Look for Mergers
As more national and local banks continue to reduce or eliminate fees for overdraft and nonsufficient funds, Boston-based Eastern Bank will also make changes to these fees later this year. Jim Fitzgerald, Eastern Bank’s chief financial officer and chief...Survey: Community Banks Concerned About Business Conditions
Concerns about future business conditions have led community bankers to hold a less optimistic outlook for the economy, according to the Conference of State Bank Supervisors’ latest survey. The first quarter Community Bank Sentiment Index fell to 97 compared to 101...
Cambridge Trust Finds Opportunity in Upheaval
As mergers and acquisitions continue to alter the region’s banking landscape, one local bank has found an opportunity amid the shakeup to expand its wealth management services into a third New England state. Cambridge Trust Co. hired a wealth management team in...Banking Trade Group Concerned About Biden’s CBDC Approach
The Biden administration’s new executive order on cryptocurrency has raised concerns among banking trade groups that the U.S. could create its own digital currency. Rob Nichols, president and CEO of the American Bankers Association, said in a statement that the trade...This Week’s Paper: Digital Edition
