Danbury, CT Union Savings Bank has introduced a new suite of Rapid Loans designed to help qualified small business owners access funding quickly and easily. The rapid product suite includes both term loans and lines of credit with a maximum loan amount of $50,000.
Peabody, MA Rockland Trust has appointed David Eidle as senior vice president, commercial banking center manager for the Peabody office. In this role, Eidle will be leading a team of commercial bankers to expand the bank’s commercial and industrial (C&I) business north of Boston.
North Adams, MA The commercial lending division at MountainOne Bank continues to grow with the recent additions of Peter Duckett and Christopher Glynn as commercial portfolio manager and associate commercial portfolio manager, respectively.
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $1.5 million short-term bridge loan for a local home builder. The loan proceeds will be used for working capital purposes by the borrower and the loan is secured by a blanket second mortgage on two recently constructed luxury homes,
Boston, MA Eastern Bank has provided the financing to facilitate Capstan Atlantic’s conversion to an employee-owned company. Founded in 1956 and located in Wrentham, Mass., Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry
Newton, MA At The Village Bank’s recent annual meeting, president and CEO Joseph De Vito announced the following officer promotions: Lisa Boccabella will assume the new title of senior vice president, chief risk officer.
Cambridge, MA East Cambridge Savings Bank won two gold awards at the New England Financial Marketing Association (NEFMA) Spring Conference. The bank’s “K to College” campaign and four-month CD campaign were both recognized with a NEFMA gold award in the best 2023 Digital Marketing campaign
Boston, MA REFA held its Annual Past President Luncheon on Wednesday, May 29
th at Nutter McClennen & Fish LLP. The gathering brings together the current president, Ravi Ragnauth, Berkshire Residential Investments and all past presidents to network, learn what REFA has accomplished the past year, and share ideas for how to continuously grow the association.
Somerville, MA MassHousing has provided $50 million in financing for Clarendon Hill Towers, a 501-unit apartment property. Residents will benefit from preserved affordable rents and $13 million in property improvements. Connolly & Partners, LLC, and the Clarendon Hill Towers Tenant Association
Hopkinton, MA JLL Capital Markets has completed the sale and financing of 117 South St., a two-story office and data center building totaling 56,324 s/f. Details of the sale and financing were not disclosed. JLL marketed the property on behalf of a confidential seller, and procured the buyer, Rhino
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