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Banking & Finance

Finance sector raising salaries to recruit talent, Marlborough firm’s survey shows 

Nearly half of the nation’s leading financial service providers have increased their base salary to attract more talent, according to a study published Tuesday by Marlborough market research firm DALBAR, Inc.

WBJ launching new Real Estate Insider enewsletter

On Dec. 7, Worcester Business Journal will begin publication of a new weekly Real Estate Insider enewsletter, providing advanced market intelligence on commercial property purchases, sales, and leases in Central Massachusetts.

GFA Federal Credit Union names UniBank SVP as new COO

GFA Federal Credit Union of Gardner has named Todd Mandella as its new executive vice president and chief operating officer, the financial institution announced on Friday.

🔒Movers & Shakers for Nov. 8, 2021

People are on the move at Charles River Bank, Training Resources of America, Inc., Bowditch & Dewey, and more.
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🔒Banking industry relieved the federal government scrapped an effort to monitor more financial transactions

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.

🔒Typically, more housing=more affordability. For Central Mass. in 2021, that isn’t the case.

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 of Southborough to join Boston firm

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.

WPI scrubs Foisie’s name from campus

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.
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873 Cafe Tavern receives $75K loan from North Central Mass. Development Corp.

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

Mass Humanities awards $91K to Central Mass. nonprofits

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.
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