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The article focuses on Coolidge Bank & Trust Co. (Coolidge) and presents information on its business strategy. It states that Coolidge was started a decade ago by local businessmen of Watertown, Massachusetts. The bank has nine branches and is among the top 500 banks of the U.S. According to the article, the bank's success is result of its attractive offers, including no charges on checking accounts, rebate on consumer loans paid on time, and payment of interest on Christmas club accounts.

A Bank of America customer in Massachusetts checked his account to discover the bank had made a serious error and deposited $2.45 billion into his account. The customer, Blaise Aguirre, assumed the bank would quickly discover the error, but for... [ABSTRACT FROM AUTHOR]

A Bank of America customer in Massachusetts checked his account to discover the bank had made a serious error and deposited $2.45 billion into his account. The customer, Blaise Aguirre, assumed the bank would quickly discover the error, but for... [ABSTRACT FROM AUTHOR]

The article reports on the special checking accounts of the First National Bank of Boston in Massachusetts.

The article focuses on the Negotiable Order of Withdrawal (NOW) checking service offered by president Ronald Haselton of the Consumers Savings Bank of Worcester, Massachusetts. It states that NOW drafts allows customers to write checks from their regular savings deposits with monthly computerized statements of deposits, withdrawal, and interests. It mentions that commercial bankers protested the NOW systems to Massachusetts Commissioner of Banks Freyda P. Koplow, who regulates clearing houses.

The article focuses on the No-Catch Checking account from NUVO Bank and Trust Co. in Massachusetts which offer customers the benefits of no-direct deposit requirements, no monthly maintenance or activity charges, no service charges, and no automated teller machine (ATM) fees.

The article offers information on BerkShares, a currency program launched in Massachusetts designed to strengthen the local economy by encouraging consumers to support local businesses. Under the program, shoppers visit one of 10 branches of four participating local banks and convert their cash into BerkShares scrip. BerkShares program is working to create debit cards and checking accounts that deal in BerkShares.

The article reports that Holyoke Credit Union (CU) has offered Cold Remedy Loan program to assist members pay heating costs in Massachusetts. It is said that the unsecured loan is fixed at 5.99% with a 12-month term. It is stated that all members with a checking account at Holyoke Credit Union can apply for the loan.

Reports that Massachusetts' Division of Banks is posting on the Internet a listing of 300 banks and credit unions and fees associated with their checking accounts. Aim to address consumer worries stemming from merger-and-and acquisition activity (M&A); Pace of M&A activity in the state; Benefits of the service to customers and banks.