Eastern Bank Corp. has received regulatory approval to buy Wainwright Bank and Trust Co., the Boston companies said Monday.
The acquisition was announced June 29 in which the $6.7 billion-asset Eastern would buy the $1 billion-asset Wainwright through a cash transaction valued at $163 million. The companies said in a joint press release that they expect the acquisition to close Wednesday.
Morais, the former president of consumer and commercial banking at Ally, reflects on the lessons learned in her more than three-decade career.
Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
