Cambridge Trust Sees Commercial Lending to Remain Strong in 2022
Despite changes to the economic and interest rate environments, Cambridge Trust Co. expects to continue to see growth in commercial lending this year. Chief Financial Officer Michael Carotenuto said during the bank’s first-quarter earnings call last month that...
Nashua De Novo Accelerates Growth
Less than two years after launching with $20 million in equity from shareholders, Nashua’s Millyard Bank is among the state’s fastest-growing commercial mortgage lenders thanks, in part, to bonds formed in the pandemic’s darkest days. The bank, which opened its...
Lenders Confront Cautious Business Borrowers
COVID-19 vaccines have started landing in the arms of New Hampshire residents. But for now, businesses remain cautious about expansion plans for 2021, changing the characters of some banks’ commercial loan portfolios and increasing their share of real estate loans. ...
Commercial, Multifamily Delinquencies Up for Second Month
Delinquency rates for American mortgages backed by commercial and multifamily properties increased for the second month in a row in December, according to the Mortgage Bankers Association’s latest monthly report. The rate rose from 5.7 percent in November to 6...This Week’s Paper: Digital Edition
