Banking & Lending
Laconia State School Buyer Has to ‘Put Up or Shut Up’
The state has given its chosen buyer until April 22 to close on a $21.5 million land deal for the former 220-acre Laconia State School property after three extensions since 2022.
Walden Mutual Growing Well, One Year On
The state’s first new mutual bank in 50 years is seeing strong growth after a little over 12 months in business.
Chase’s New England Head Leaves for Atlanta Post
Roxann Cooke, one of the most prominent Black women in the New England banking industry, is leaving the region. But she’s staying with JPMorgan Chase.
Will NH Banks Benefit from a Fed Rate Cut?
Intense competition for deposits among banks may limit the benefits they receive from any interest rate cuts by the Federal Reserve this year.
Fewer Banks Tightening Lending Standards, Raising Hopes
Fewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.
Eastern Bank-Cambridge Trust Merger Hits Delay
Eastern Bank and Cambridge Trust say their merger, formerly anticipated to close in the first quarter, won’t be completed on schedule.
What Recession? Professional Forecasters Raise Expectations for 2024
This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
After Tough 2023, Lenders See Glimmers of Hope
New Hampshire’s top residential lenders are seeing small signs of an improving market despite higher interest rates and lower inventories of homes for sale that cut into their business in 2023.
Hackers Have Mortgage Lenders, Others in Their Crosshairs
Recent cyberattacks against national mortgage lenders and title insurance companies serve as a reminder that real estate-related firms have become major targets of online criminals.
Why Fed Isn’t Ready to Cut Rates
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.