Archive for April 2023
Rockland Trust, State Street report drop in deposits after SVB’s collapse
Rockland Trust and Berkshire Bank both reported a drop in customer deposits last week, in line with a record drop in deposits at small banks across the country following the collapse of Silicon Valley Bank in March. Read More
Read MoreBrighton hotel property to go to auction after foreclosure
A former Best Western hotel in Brighton, a site approved nearly five years ago for a new condo development, is set to be auctioned off later this week following its foreclosure. The site’s one-time owner won BPDA approval five years ago to build a six-story, 151-unit condo building, but that project has not come to…
Read MoreGood News Tuesday: Educational leaders come together with ideas to improve schools
Public education must involve community and business to succeed and grow Read More
Read MorePolaris Partners discloses $355M fundraise for 10th fund
In a slow year for exits and dealmaking, Polaris Partners is the latest venture capital firm with a Boston presence to bring in a new fund, documents say. Read More
Read MoreGrubhub, Greg Hill Foundation to distribute $1.25 million in restaurant grants
Approximately 45 grants ranging from $5,000 to $25,000 will be awarded in New York City. Read More
Read MoreMeet the startup using salamander science to heal scars
For years, Jessica Whited has studied how axolotl salamanders, with their small smiles and frilly gills, reproduce tissue for scarless wound-healing and limb regeneration. Now she’s bringing that science to humans. Read More
Read MoreGreg Becker has stepped down as SVB Financial’s CEO — 6 weeks after his bank collapsed
Both CEO Greg Becker and CFO Daniel Beck have resigned, weeks after Silicon Valley Bank was seized by regulators and ex-parent SVB Financial filed for bankruptcy. Read More
Read MoreSantander intends to close branches across Massachusetts
Santander Bank filed notice this month that is plans to close 16 branches in Massachusetts, including five in Boston. Read More
Read MoreBed Bath & Beyond bankruptcy means eight more Mass. stores will likely close
After months of upheaval, Bed Bath & Beyond Inc. has filed for bankruptcy, a decision that will open some Massachusetts real estate in prominent retail centers. Read More
Read MoreFive things you need to know, and to tweet or not to tweet
Good morning, Boston. Today is reportedly New Kids On The Block Day, which I guess you can celebrate by eating at a Wahlburgers. Here are today’s five things you need to know in Boston business news to start your Monday. Read More
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