Cambridge Savings hires Santander, BofA alum as digital lead
Tony Macchi will be in charge of the Massachusetts community bank's ongoing digital transformation
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Tony Macchi will be in charge of the Massachusetts community bank's ongoing digital transformation
Cambridge Savings Bank, a Massachusetts bank with $5 billion in assets, said Wednesday it invested $500,000 in a socially responsible venture capital fund managed by CEI Ventures. The investment in Coastal Ventures V LP will provide capital to help business owners in underserved communities deal with workforce challenges. The Cambridge, Mass.-based bank cited efforts by the fund to create good jobs with basic benefits; support environmentally sustainable enterprises; and provide capital to companies and regions that have challenges accessing equity. “These jobs offer a better living wage an...