Marketing Campaign Helps Drive Cambridge Trust Deposit Growth
Cambridge Trust Co. saw core deposits increase 32 percent in 2021, driven in part by a marketing campaign that the bank said took advantage of the disruption caused by the region’s merger activity. The Massachusetts-based bank that gained a significant New Hampshire...
States Settle with LOs Accused of Faking License Requirements
The New Hampshire Banking Department has joined more than 40 other regulatory agencies nationwide in settling with hundreds of mortgage loan originators who allegedly participated in schemes to avoid taking required classes to maintain mortgage licenses. Led by the...
Bank Collaborations, AI Ahead in 2022
The December launch of an open payments network built by community banks points to an industry investing in technology to keep local lenders competitive, industry observers say. And some of these investments coming in the next year could include enhancements to...
McWilliams Resigns as FDIC Chairman in Surprise Move
Weeks after a conflict arose between the FDIC chairman and board members, FDIC Chairman Jelena McWilliams has announced her resignation. McWilliams sent a letter Friday to President Joe Biden saying that she would resign effective Feb. 4. The FDIC released a copy of...This Week’s Paper: Digital Edition
