Banking & Finance

As Worcester insurer Fallon Health is following through on its plan to leave the commercial insurance market, the nonprofit organization had $18.7 million in net income for the first quarter, far outpacing the $2.3 million it made in the first quarter 2020.

The restaurant Good Earth Holistic Kitchen has signed a five-year lease for 2,240 square feet at The Landing at Hudson Mills development, according to a May 7 announcement from property owner Manzo Freeman Development of Burlington.

The residential component of the Edgemere Crossing at Flint Pond development, which will be anchored by an 80,000-square-foot Market Basket grocery store, is expected to deliver its first by June 2022.

Massachusetts marijuana regulators are concerned about a recent significant uptick in reports of potential industry investors who targeted economic empowerment and social equity program entrepreneurs with unfair contract terms.

Bay State Savings Bank announced on Wednesday it has promoted four of its executives to the position of executive vice president, joining President & CEO Peter Alden as the bank's five-person leadership team.

Kris Canekeratne, the founder of Southborough IT company Virtusa Corp., will leave his roles as chairman and CEO by June 30, an announcement which follows his company being acquired for $2 billion by financial services firm Baring Private Equity Asia.

Family Services of Central Massachusetts, which is part of the Worcester nonprofit Seven Hills Foundation, received $200,000...

Power dynamics in the Central Massachusetts business community made two major shifts in 2021, due to the two major events upending the entire global community.

Downtown Worcester has received a $75,674 grant for a month-long celebration this upcoming August, announced on Tuesday by the Downtown Worcester Business Improvement, in partnership with The Hanover Theatre for the Performing Arts and the City of Worcester. 

St. Mary’s Credit Union, headquartered in Marlborough, has named Larissa Thurston as its next CEO and president,...