More Branch Closures Ahead?
New England will lose dozens of bank branches in the next couple of years as several lenders shutter locations inside supermarkets, as persistently small margin spreads make these locations unprofitable. With the pandemic keeping many customers away...
People’s United Announces Digitally Focused ‘Transformation Office’
Bridgeport, Connecticut-based People’s United Bank announced it was establishing a “Business Transformation Office” that would work to build partnerships with fintechs and support digital product efforts at the $61 billion-asset bank, which...
Only Five NH Lenders Join Fed Program
The Federal Reserve Bank of Boston has published a state-by-state listing of the initial lenders participating in the Main Street Lending Program, but only five financial institutions operating in New Hampshire have joined so far. Authorized by the CARES Act, the...
Senior Bankers Think Branches Will Remain Key, Post-COVID
Even with limited or no access to bank lobbies during the pandemic, bank leaders still expect branches to remain a key channel for customers. The pandemic’s effect on the future of bank branches was among the topics discussed during a webinar with bank leaders hosted...This Week’s Paper: Digital Edition
