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Banking & Finance

Worcester native takes over leadership role at Webster Five

Brian Westerlind has taken on the role of leading Webster Five bank, following the July 1 retirement of President & CEO Don Doyle.

Millville transit firm to pay $1M over alleged MassHealth fraud

A non-emergency transportation company with operations in Worcester County has been ordered to pay $1.05 million.

With Rhode Island acquisition, Aubuchon hardware now in every New England state

Westminster-based hardware store firm W.E. Aubuchon Co. will soon have its first presence in the Ocean State, following the acquisition of an Ace Hardware store in the village of Wyoming, Rhode Island.

UMass Chan renames $350M research building for historic donor

UMass Chan Medical School in Worcester has officially renamed its New Education and Research Building after the donor foundation’s patriarch.
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Waters to buy multinational firm’s bioscience division for $17.5B

The deal, announced in a Monday press release, seeks to accelerate Waters’ expansion into high-growth markets and deliver cost and revenue synergies.

Worcester trade show exhibit company expands with acquisition of Texas firm

The integration of MYDISPLAYSOURCE will bring aboard the firm’s clients in the technology and security sectors and provide expanded resources to BlueHive.

After July merger, Nichols grad returns to Rollstone Bank as SVP

Leominster-based Rollstone Bank & Trust has named returning employee Daniel Kelser as senior vice president and commercial loan officer.

Avidia Bank completes $192M offering in effort to go public on New York Stock Exchange

The offering came as part of Avidia Bank’s efforts to go public, which it began in March with a filing to the U.S. Securities and Exchange Commission.
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UMass Memorial Health to merge two of its hospitals

In an effort to enhance access to quality care, UMass Memorial Health in Worcester will merge its Marlborough Hospital with the system’s flagship UMass Memorial Medical Center.

Westborough firm purchases Milford nursing facility for $6.8M

A Westborough firm operating four nursing homes in Massachusetts has purchased a 135-bed facility in Milford for $6.75 million. 
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