Bankers ride wave of changing marketplace Higher rates are boon for savers, not for borrowers

“We had a very nice year all the way around,” said Matthew S. Sosik, president and CEO of Hometown Financial Group, which includes BankESB in Easthampton.“ For most of the year the lending side of our business stayed robust. With the Federal Reserve raising interest rates to combat inflation it’ s more expensive to borrow. The Federal Reserve increased interest rates by…