Banking & Finance

St. Mary’s Credit Union, headquartered in Marlborough, on Monday announced it named Frank Borawski as the $972-million institution’s new chief financial officer and senior vice president of finance, filling the position left vacant when Larissa Thurston was promoted to president and CEO.

Independent Bank Corp., the parent company of the Rockland Trust bank, received shareholder approval for its $1.15-billion merger with the parent company of East Boston Savings Bank, according to a Thursday announcement.

GFA Federal Credit Union in Gardner on Thursday announced it appointed Tom McGregor as executive vice president and chief lending officer, a role previously held by Joan Moran who served as SVP and chief lending officer before accepting another job opportunity in May.

Twenty-one years after voters approved a tax deduction for charitable donations, the House on Wednesday voted to override Gov. Charlie Baker's veto and postpone for another year the tax break that non-profits said would help encourage residents to support an industry hurting from the COVID-19 pandemic.

The Hanover Insurance Group, Inc. of Worcester reported a profit of $128.5 million for the company’s second quarter in an earnings report released on Tuesday.

Sloane M. Perron, an adjunct professor at Anna Maria College in Paxton, has joined the WBJ newsroom as a staff writer, primarily covering banking & finance.

People are on the move at St. Mary's Credit Union, Thrive Support & Advocacy and more.

Efforts are underway from Central Massachusetts legislators on both sides of the political aisle to lessen the burden for borrowers.

Worcester social services nonprofit Ascentria Care Alliance announced Wednesday acquisition of the Lutheran Rehabilitation and Skilled Care Center at 26 Harvard St. in Worcester, which included a $16.2-million land purchase of the property.

Webster Five Cents Savings Bank, previously based in Webster, has moved its corporate headquarters to 35 Millbury St. in Auburn, into a building previously used by a Reliant Medical Group office, the bank announced on Tuesday.