Word: beale
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...George Beal, vice president of Cambridge Trust, said in an interview this month that the lack of applications from these areas may be due to the location of the bank's branches in the Kendall Square and Harvard Square areas...
Unlike Cambridge Savings Bank, Cambridge Trust does not employ commissioned loan executives, but relies rather on walk-in applications, Beal says...
...really walk-in," Beal says, adding. "Our rate really has not been very competitive recently because we don't sell to the secondary market...
This combination of higher interest rates and a lack of sales representatives may discourage borrowing in certain areas, Beal says...
...Beal says he expected the bank would receive no applications from the Central Square area because Cambridge Trust has no office there...