Boston Fed Names New Board Members
Several big names in the region’s banking industry just scored roles with the Federal Reserve Bank of Boston and its board.
Board Changes for Boston Fed
Sushil Tuli, the chairman and CEO of Arlington, Massachusetts-based Leader Bank, has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.
Stakeholders Emphasize DEI in Boston Fed President Search
The committee tasked with finding a new president for the Boston Federal Reserve Bank has made slight adjustments to the job description, including expanding its emphasis on a leader who will champion diversity, equity and inclusion.
Boston Fed Begins Search for Next President
The search for the Federal Reserve Bank of Boston’s next president and CEO has begun, with board chair and Brown University president, Christina Paxson, leading the search committee. “The job represents an incredible opportunity to lead a talented group of people who...
New Haven Bank Gets First-Ever ‘Outstanding’ CRA Rating
New Haven Bank has received the highest rating of “outstanding” on its latest Community Reinvestment Act (CRA) Performance Evaluation, the bank said in a statement.
Fed Lowers Main Street Loan Amount
In a move aimed at reaching more small businesses, the Federal Reserve Board has reduced the minimum loan amount for the Main Street Lending Program.
BofA’s Mahoney Dies Following 2019 Bike Accident
James Mahoney, a senior Bank of America executive and former chief spokesman for the Federal Reserve Bank of Boston, died from injuries sustained in a biking accident a year ago. He was 67.
Main Street Lending Now Open to Nonprofits
The Federal Reserve Board has modified the Main Street Lending Program to give nonprofit organizations, including educational institutions, hospitals and social service organizations, access to the program. Two new loan options are now available to certain nonprofit organizations that were in sound financial condition before the pandemic.
Main Street Lending Program Fully Operational
The Federal Reserve has finalized the last piece of the Main Street Lending Program, making it now fully operational.
Boston Fed Announces 2016 Directors
The Federal Reserve Bank of Boston this week announced its 2016 board of directors. The board this year includes two community bank CEOs and two new members, Christina Hull Paxson and Phillip L. Clay. John F. Fish, chairman and CEO of Suffolk Construction Co., is...
