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How the pandemic has changed small banks' views of CRE

Community banks, which for years have relied heavily on commercial real estate lending, have been tightening underwriting standards, conducting more-frequent loan reviews and stepping back from certain subsectors to minimize their credit exposure. ....

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Eastland Shoe Corp. Secures $5 Million Credit Facility from Cambridge Savings Bank


Posted on
202
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced it has recently extended a new credit facility for Freeport, Maine-based Eastland Shoe Corp.
By taking the time to understand the company’s unique needs and challenges, CSB’s Asset-Based Lending team created a custom solution for Eastland that will enable the company to refinance existing debt, as well as provide additional liquidity that the company will utilize to support multiple growth initiatives.
“As a family-owned business that’s been around for over 65 years, we understand the importance of working with the right partners to grow our business,” ....

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