Banking & Finance
Worcester Business Journal www.wbjournal.com 2014 Economic Forecast 35
10" x 6.875"
WBJ
Member FDIC
Jane Cullen
Senior Vice President
Business Services
bankatunited.com • 508.752.4800
Big bank services
without the big fees.
Now that's a smart business plan.
A full range of business banking services with affordable fees. Serious lending
power. Banking consultants you can rely on. It's all yours at United Bank.
Our Business Services Team takes the time to understand your business needs.
They have the expertise and resources to tailor a banking program to
meet
those needs—from cash management and merchant services to commercial
financing. All at a cost that's good for your bottom line.
Put the United Services Team to work for your business.
Call Jane today at 508.752.4800.
Facebook.com/bankatunited
Your
business
success
is our
business
success
• Commercial Real Estate Loans
• Business Term Loans
• Business Lines of Credit
• SBA Lender
Your business deserves the individualized a�en�on and
quick local decision making that Leominster Credit Union
offers. We've been helping businesses succeed and grow
for nearly 60 years. Find out how we can help your
business, too!
For more informa�on about our Commercial Loans, contact
Heather Dumais at 800-649-4646 or
hdumais@leominstercu.com, NMLS#786158
800-649-4646 • leominstercu.com
Leominster • Clinton • Holden • Sterling • Worcester
Heather Dumais
AVP Business Lending
Craig Madonia
SVP Lending
w Mobile banking keeps growing
Use your mobile phone to check your balance? Transfer money?
Make a purchase? Sure! Today, financial institutions are increasingly
focused on making themselves accessible from smartphones and
tablets.
w Rising interest rates
tamp down mortgage demand
Low interest rates pushed many homeowners to refinance their
mortgages and helped boost home sales after the Great Recession.
But rates crept back upward in 2013, and that cut into the mort-
gage business. at was a key reason why Commerce Bank suspend-
ed operations at its mortgage subsidiary, 1-800-East-West Mortgage.
w Sovereign becomes Santander
e signage remained red, but the name changed in October. Sov-
ereign Bank became Santander, named after its Spain-based parent
company. e move impacted 42 branches in Central Massachu-
setts.
Stories That
Made News In 2013
