Banking & Finance

Fidelity Bank, headquartered in Leominster, as well as its former president, John Merrill, have agreed to a $22.5-million settlement as part of a larger class action lawsuit related to the TelexFREE Ponzi scheme, although a significant portion of those costs will be covered by the bank's insurance.

Joshua Brier, GFA Federal Credit Union’s executive vice president and chief operating officer has been named the company’s next president and CEO, the Gardner credit union announced on Tuesday.

People's United Bank, a Connecticut-based chain with offices in Worcester, has been acquired by M&T Bank as part of a $7.6-billion deal announced Monday.

People are on the move at Clark University, Country Banke, AAFCPAs and more.

A recession coinciding with the start of the coronavirus pandemic last spring sent the American economy into its largest contraction in modern history. Now bankers are wondering, will pent-up demand lead to explosive economic growth? Or are people saving more than ever out of worry or survival? 

Moneta, a partner-owned registered investment advisor company headquartered in St. Louis, has announced a merger with Worcester financial firm The Berry Group on Thursday.

Registration remains open for WBJ’s Economic Forecast Forum, which will take place at 11:30 a.m. via Zoom on Thursday.

Country Bank, headquartered in Ware, is pairing up with the Worcester Regional Chamber of Commerce to provide scholarship opportunities for small businesses to receive a one-year paid membership to the chamber, the two groups announced on Monday.

People are on the move at UMass Memorial Medical Center and North Brookfield Savings Bank.

Two years ago, Del Valle said Friday, she purchased a house and was able to expand the backyard using money she gained from a refund facilitated through the Volunteer Income Tax Assistance, or VITA, program. That in turn gave her clearance to open her daycare.