Financial Digest

Olson named executive vice president, chief banking officer at East Cambridge Savings Bank

Cambridge, MA According to East Cambridge Savings Bank, Richard Olson, a seasoned banking professional with over two decades of managerial and leadership experience in the financial services industry, has joined the bank as executive vice president,

The Village Bank celebrates opening of new Waltham branch

Waltham, MA The Village Bank has opened its newest office, located at 251 Moody St. The new office is the bank’s 9th branch location. “The Village Bank has always cherished its relationships with our neighbors in Waltham,” said

KeyBank Real Estate Capital appoints Wood as a senior mortgage banker

Boston, MA KeyBank Real Estate Capital (KBREC) has appointed Jonathan Wood as a senior mortgage banker focused on multifamily lending in the Northeast. Wood is responsible for originating loans for the multifamily sector

Union Savings Bank hires Evanko as vice president, senior commercial loan officer

Danbury, CT According to Union Savings Bank, Richard Evanko has joined the bank as vice president, senior commercial loan officer. In his role, Evanko is tasked with providing excellent service to USB’s commercial portfolio

Meehan joins MountainOne as vice president and community engagement officer

North Adams, MA MountainOne has appointed Jennifer Meehan as vice president, community engagement officer. In her role, Meehan will drive MountainOne’s community engagement efforts throughout MountainOne’s footprint in the Berkshires and the South

MassDevelopment issues $17.82m tax-exempt bond on behalf of 2Life Leland LLC - Brookline Bank purchases bond

Waltham MA MassDevelopment has issued a $17.82 million tax-exempt bond on behalf of 2Life Leland LLC, an affiliate of 2Life Communities, which will use bond proceeds to demolish a vacant former rest home at 21 Newton St. and build a three-story,

Pentucket Bank reaches a $1 billion milestone

Haverhill, MA Pentucket Bank has reached a milestone in the organization’s history by topping $1 billion in assets. This makes the mutual community bank one of the largest in Mass and in N.H. by asset size.

Real Estate Finance Association hosts Year-End Celebration and Holiday Party

Boston, MA REFA hosted its Annual Year-End Celebration and Holiday Party on Monday, November 20th at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on

Cornerstone arranges $35.7 million in financing for condominium development in Portsmouth, N.H.

Portsmouth, NH Cornerstone Realty Capital arranged $35.7 million in financing for the construction of a 95-unit residential condominium development. The project will feature a four-story condominium building with 95 residential condos, 112 surface parking spaces

MassHousing secures $44.6 million in financing through its CommonWealth Builder Program

Boston, MA MassHousing has secured $44.6 million in financing through its CommonWealth Builder Program for six new homeownership development projects. These projects will create 220 new affordable homes for first-time, moderate-income homebuyers