Primary Bank’s board has named one of its own as the Bedford-based lender’s CEO following founding head William Stone’s departure.

The head of Eastern Bank says its proposed merger with Cambridge Trust will create a local winner.

The Consumer Financial Protection Bureau is warning that Apple and Google restrictions on banking and other payment apps on mobile devices could hurt the growth of digital banking and payments in the US. In a statement, the bureau said these restrictions to banking...

An S&P Global Insights survey says bank executives are getting less optimistic as they expect to pay more to continue keeping deposits and to rely more on deposit rate specials.

Merrimack County Savings Bank’s branch tally just bumped up by one. The bank held a ribbon-cutting earlier this month to formally open its new Windham branch, its eighth, located just off Exit 3 on Interstate 93 South. 

With a resilient job market and consumer spending raising hopes the U.S. economy will achieve a “soft landing,” a top Cambridge Trust banker sees that there remains a risk the Federal Reserve will take its interest rate hikes too far, leading to recession.

The combination of reduced financial health, a rise in mortgage transfers and an increase in the number of reported account problems all contributed to the “significant decline” in customer satisfaction.

Fixed 30-year mortgage loans saw rates go up to 7 percent in July, which dampened overall demand but the lack of supply is still keeping home prices up in some parts of the country, a tell of a market that is “not normal,” according to a report by Black Knight Inc.