Banking & Finance

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,...

Since 2006, Welberson Nunes, along with his family, has been building his Universal Insurance Agency and now is poised for faster growth as he cultivates clients throughout Worcester and Middlesex counties to understand the fundamentals of insurance. 

Primerica, Inc., a Georgia-based financial-services company with several outposts in Central Mass., including Oxford and Millbury, plans to acquire 80% of Florida firm e-TeleQuote Limited, a senior health insurance distributor of Medicare-related insurance policies for $600 million.

Rockland Trust, the fast-expanding South Shore bank that moved into Central Massachusetts in a 2018 acquisition has now paid more than $1 billion to more aggressively move into Boston and surrounding communities.

Webster Five Cents Savings bank has hired Kathryn Megraw as senior vice president and chief information officer, the Central Mass. South financial institution announced on Wednesday.

People are on the move at Summit ElderCare, Cornerstone Bank, Quinsigamond Community College and more.

Marlborough-based Main Street Bank has promoted Leominster resident Ruth Cavanagh to senior vice president, chief lending officer, the bank announced Monday.

Marlborough medical products company Hologic was one of 55 corporations that paid no federal income taxes in 2020, according to the think tank Institute on Taxation and Economic Policy. Not only that, but Hologic got a federal credit of $62 million.