Massachusetts

New Valley Bank & Trust is set to become the state’s first new bank since 2008.

Blue Hills Bancorp in Massachusetts completed a second-step conversion and was poised to bulk up on acquisitions. It struck its one and only deal this fall — and it was not the kind it had in mind.

The California company will pay $280 million for Leerink Holdings, which focuses on health care and life science firms.

A judge dismissed two of the six counts against the Mass.-based credit union, meaning DFCU will join several other CUs nationwide facing similar suits.

Anthony DeChellis will succeed Clayton Deutsch at the end of this month.

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back.

The custody bank was very profitable, and it raised its cost-saving forecast for year-end, but its nearly 3% increase in third-quarter noninterest expenses prompted an investor backlash.

The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin.

The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston market.

The combined institution will serve roughly 13,700 members with $300 million of assets and six branches.

The Mass.-based credit union is the latest to drop its federal charter in favor of state oversight.

The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts.

Edward Doherty is set to succeed Janice Houghton when she retires in November.

Cape Cod Five Cents Savings Bank has transformed its summer intern program so that it is more structured and attracts students who could see themselves staying in the industry.

Both of the credit unions being absorbed posted losses for 2017 and the first half of 2018.

BNY Mellon, JPMorgan and Bank of America are recruiting interns from Year Up, many of whom lack college degrees but are trained in high-demand fields such as cybersecurity and anti-money-laundering.

The Massachusetts-based CU says membership growth has accelerated to 7.4 percent.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

The $54 million purchase of Pilgrim Bancshares will give Hometown branches in western, central and eastern Massachusetts.

Avidia Bank in Massachusetts collaborated with Exhibit 'A' Brewing to produce and sell an IPA as part of a plan to boost marketing to small businesses and millennials.