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Why are banks building so many new branches in Massachusetts?

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Why are banks building so many new branches in Massachusetts?


With money sending apps and online banking, why are so many new bank branches popping up in Massachusetts? 

Ever spot a “Space Available for Lease” sign and hope a new café, bookstore or restaurant is coming to town? Excitement builds and then you learn… it’s another bank? It seems to be recent trend in banking and now it’s happening in Massachusetts. 

In Needham for instance, a town of about 32,000 people, there are nine bank branches. One of the newest is a Chase Bank that replaced a convenience store which had replaced a Friendly’s restaurant. 

“I was hoping it would be a restaurant,” said Eileen Baker, who owns Proud Mary, a gift and fashion boutique in the heart of Needham. “We would love to see little coffee shops; I know a lot of people would love to see a bookshop in Needham. Little specialty foods.” 

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Baker and many other small business owners thrive when people are drawn downtown by new specialty shops and restaurants. Banks, not so much. 

Chase opening 50 new branches

With mobile banking and Venmo, physical banks might seem outdated. But Chase, the country’s largest commercial bank, plans to open 50 new branches in the state by 2027, including brand-new branches in towns like Sudbury and Weston. 

“I don’t really understand why there are so many banks,” said one young man outside of the under-construction Chase in Sudbury.
Opening in wealthy neighborhoods 

Good question. So, we asked Eric Rosengren, former President of the Federal Reserve Bank of Boston. 

“They would only do it because its cost effective,” Rosengren said. “You don’t see it in lower income neighborhoods. You see it in wealthy neighborhoods, because even a few wealthy individuals can provide a significant amount of income coming from the wealth management.” 

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Rosengren says these often-plush new branches are designed to attract affluent customers who might still value face-to-face financial advice. 

Recent surge 

This surge is a very recent shift. In fact, nationwide, the total number of bank branches has dropped by 13,000 in the last decade. In 2014 there were about 81,000 U.S. bank branches. In 2023 – for the first time in a long time- there was an uptick in new branches- leaving about 68,000 branches. 

Will the trend continue? Most research says younger customers are using mobile banking and very seldom visit their local branch. Will they change their minds once they begin to accumulate wealth? Sound like some financial companies are banking on it.

If you have a question you’d like us to look into, please email questioneverything@cbsboston.com.

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Massachusetts

Mass. snowfall totals: Which communities got the most snow this weekend?

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Mass. snowfall totals: Which communities got the most snow this weekend?


Snow fell across Massachusetts overnight on Saturday and throughout Sunday morning thanks for a fast-moving low pressure system, according to the National Weather Service.

The snowfall is expected to continue into and through the afternoon in many communities, lasting longer in Bristol, Plymouth, Barnstable, Dukes and Nantucket Counties, the weather service said. Southeastern Massachusetts is predicted to see 2 to 4 inches of snow, with cities and towns closest to the coast getting up to 6 inches. A winter weather advisory is set to remain in effect in these counties until 7 p.m. Sunday.

  • Read more: Mass. weather: Snowy Sunday with dangerous, arctic cold to follow

As of the early afternoon on Sunday, no communities had received more than 4 inches, according to the weather service. Falmouth and Dennis recorded getting the most snow so far at 4 inches as of 3:15 p.m.

Here are the snow totals for Massachusetts as of mid-afternoon on Sunday. This article will be updated throughout the day.

4+ inches of snow

3+ inches of snow

  • Bourne
  • Centerville (Barnstable)
  • Hyannis (Barnstable)
  • Mashpee
  • Plymouth
  • Sandwich

2+ inches of snow

  • Acushnet
  • Brewster
  • Chatham
  • Dartmouth
  • East Longmeadow
  • Fairhaven
  • Harwich
  • Kingston
  • Marstons Mills (Barnstable)
  • Mattapoisett
  • Nantucket
  • Oak Bluffs
  • Orange
  • Petersham
  • Sturbridge
  • Truro
  • Vineyard Haven
  • Wareham
  • Warren
  • West Tisbury
  • Yarmouth

1+ inches of snow

  • Acton
  • Ashburnham
  • Barre
  • Bedford
  • Berkley
  • Brighton (Boston)
  • Charlton
  • Chicopee
  • Dennis
  • Dighton
  • Dover
  • Fitchburg
  • Freetown
  • Gardner
  • Grafton
  • Holden
  • Holliston
  • Hubbardston
  • Ipswich
  • Leominster
  • Lexington
  • Lowell
  • Marshfield
  • Milton
  • New Bedford
  • North Attleborough
  • Norton
  • Orleans
  • Osterville (Barnstable)
  • Pepperell
  • Rochester
  • Somerset
  • Swansea
  • Tewksbury
  • Tyngsborough
  • Westborough
  • Westport
  • Wilbraham
  • Wilmington



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Snow lingers today, below-zero wind chills Monday morning – Boston News, Weather, Sports | WHDH 7News

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Snow lingers today, below-zero wind chills Monday morning – Boston News, Weather, Sports | WHDH 7News


Good morning! We’ve got snow on tap for today, which will linger most of the day and night across southeastern Massachusetts. We’ll dry out in the early evening for most of the rest of eastern Massachusetts, with north central Massachusetts drying out the quickest.

Snow will be widespread throughout the morning and into the early afternoon. As we get to the late afternoon, snow becomes more isolated over central Massachusetts but is still hanging around the coast, southeast Mass. and the Cape and islands.

Into the evening, the snow will become ocean-enhanced over southeast Mass. and the Cape/islands.

That’s where totals will be the highest.

4 to 6 inches of snow is expected there by late Sunday night.

For the rest of us, just a chance for a few inches.

After this storm it’s all about the cold wind. Monday’s lows will drop to the teens with highs in the mid 20s. But a biting wind will make it feel only like the negative single digits in the morning and the teens in the afternoon. Bundle up! At least the sun will be out.

Tuesday is looking mostly sunny and not windy. Lows will drop to the teens with highs in the low 30s. Wednesday, breezy again with a start in the 20s and afternoon temperatures mild in the low 40s. Thursday will be downright warm! We’ll hit the upper 40s with chances for rain in the evening. Friday we’ll reach the low 50s with chances of rain in the morning. Saturday looks dry, partly sunny with highs back to near normal in the mid 30s.

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Kitchen countertops linked to Massachusetts man’s deadly diagnosis

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Kitchen countertops linked to Massachusetts man’s deadly diagnosis


FILE – A man is using a special electric saw to cut a granite counter in a residential kitchen in preparation for installing a new range top. Getty Images

A Massachusetts man has been diagnosed with a life-altering lung disease linked to popular kitchen countertops. 

The Massachusetts Department of Public Health confirmed this week that its first case of silicosis had been diagnosed in a Hispanic man in his 40s who, for the past 14 years, worked for stone countertop fabrication and installation companies. 

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What is silicosis? 

Big picture view:

Silicosis is a serious, incurable lung disease caused by inhalation of crystalline silica, which is found naturally in granite and other stones. Silicosis can become progressively disabling and sometimes prove fatal. It almost always results from work-related exposures.

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Dig deeper:

Silica dust particles become trapped in lung tissue, causing inflammation and scarring and reducing the lungs’ ability to take in oxygen, according to OSHA. 

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Symptoms:

Symptoms of silicosis can include shortness of breath, cough and fatigue. Workers exposed to airborne crystalline silica also are at increased risk for lung cancer, chronic obstructive pulmonary disease (COPD) and kidney disease. 

What they’re saying:

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“Silicosis is a devastating, life-altering disease – and one that is also absolutely preventable,” said Public Health Commissioner Robbie Goldstein, MD, PhD. “Massachusetts employers in industries where workers are exposed to silica dust have a responsibility to protect their workforce, including from harmful airborne dust. No worker should have to suffer from a chronic and insidious lung disease or possibly die because of a preventable exposure at work.”

 Tanning beds could triple melanoma risk, new study finds

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Countertop disease

Big picture view:

Crystalline silica commonly occurs in nature as the mineral quartz, and is found in granite, sandstone, quartzite, various other rocks and sand. Cutting, grinding, chipping, sanding, drilling and polishing these natural and manufactured stones can release various levels of crystalline silica dust particles that can be inhaled if proper protections aren’t in place.

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Dig deeper:

Engineered or manufactured stone, also commonly called quartz, is particularly problematic since it has more crystalline silica than natural stone. 

By the numbers:

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For example, the average percent of crystalline silica in engineered stone is at least 90% in quartz and engineered stone, vs. a 10-45% makeup in granite, according to an OSHA hazard alert

What you can do:

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Certain engineering controls, such as water spraying systems or remote-controlled tools, can be used to mitigate risk, as well as by wearing proper respiratory protection. 

Silica cases in the U.S.

Big picture view:

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Most engineered stone workers with silicosis in the U.S. were exposed to silica at their jobs for over ten years, although some were exposed for less time.

The backstory:

The first reported case of silicosis in the U.S. associated with exposure to silica dust from engineered stone was identified in Texas in 2014, according to the Massachusetts Department of Public Health. Since then, other states have reported hundreds of cases, and dozens of deaths, particularly in California. 

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Dig deeper:

In the U.S., most engineered stone workers with silicosis are relatively young, male, and Hispanic/Latino. This largely reflects the demographic composition of this industry’s workforce.

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In 2023, over half of workers in this industry were under 45 years old, nearly three-quarters were men, and more than 1 in 3 were Hispanic/Latino, according to the U.S. Census Bureau.

The Source: Information in this article was taken from a Dec. 9, 2025, alert from the Massachusetts Department of Public Health. Background information was taken from OSHA. This story was reported from Detroit. 

HealthMassachusetts
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