Cambridge Trust Expands Wealth Services with NH Hires
Massachusetts-based Cambridge Trust Co. plans to expand its wealth management business into Southern Connecticut as the bank brings on five new employees from People’s United Bank, a sign of the type of move local banks might make amid the disruption resulting from...
Service CU Teams Up to Compete with Neobanks
With the pandemic shining a light on the challenges faced by households that lack banking relationships, four credit unions, including Service Credit Union, have joined together to launch a mobile app that they say could help address the problem. Massachusetts-based,...
DOJ Launches Initiative to Fight Redlining
The U.S. Department of Justice will coordinate with financial regulators and state attorneys general on a new initiative to enforce laws that prevent discriminatory practices involving “modern-day redlining.” Citing the growing racial wealth gap and claims that...
Cambridge Trust Optimistic About Loan Growth
While the deposit surge during the pandemic has left many banks dealing with more liquidity but fewer opportunities for lending, Cambridge Trust Co. remains optimistic about loan growth and continues to seek new deposits. “We plan to remain focused on deposit growth...This Week’s Paper: Digital Edition
