Banking & Finance

People are on the move at Charles River Bank, Training Resources of America, Inc., Bowditch & Dewey, and more.

When President Joe Biden’s administration dropped a planned $600 reporting requirement on bank account transactions, financial institutions across Central Massachusetts and the nation breathed a collective sigh of relief.

In theory, increasing the supply of market-rate housing to meet a growing demand eventually gets more residents housed and drives down the median rent.

Capital Advisors, LLC, a Southborough-based wealth management firm, is merging with Boston-based The Colony Group, LLC, according to a Friday press release from Colony.

Worcester Polytechnic Institute has officially removed the name of the late Robert Foisie, an alumnus and the largest donor in its history who gave $63 million over his lifetime, from its formerly named Foisie Business School and Foisie Innovation Studio & Messenger Hall.

Sean Smith, owner of 873 Cafe Tavern in Ashby, has received a $75,000 loan through the North Central Massachusetts Development Corporation.

Mass Humanities, the state affiliate of the National Endowment for the Humanities, has awarded a cumulative $90,508 in grants to nine Central Massachusetts organizations in an effort to support them in the face of ongoing challenges from the coronavirus pandemic.

An eight-story apartment building at 5 Suburban Road in Worcester, known as the Highland House, has sold for $22.4 million to California property management company Trinity Property Consultants.

Webster Five Cents Savings Bank sold its former Auburn offices at 10 A St. for $2 million in a sale closed on Sept. 13, according to the Worcester South District Registry of Deeds.

UniBank, headquartered in Whitinsville, announced the launch of the UniBank Charitable Foundation after a Wednesday event marking the milestone.