Banking & Finance

Edwin Shea and Dan Rea interview each other on culture building, Worcester’s momentum and the renewed push for racial equality.

This year’s 40 Under Forty class is certainly like no other. Although full of the archetypal up-and-coming leaders of Central Massachusetts business organizations, each member of the Class of 2020 has found a way to thrive in the midst of an international crisis.

Chizoma Nosike wouldn’t have known it a year ago, but a federal business loan may be the reason her company, Acclaim Home Health Care in Worcester, is still in operation.

Berkshire Hills Bank president, CEO and Director Richard Marotta has stepped down from his roles, the Boston bank’s parent company, Berkshire Hills Bancorp, Inc., announced on Monday, giving no explanation for his sudden departure.

The senior business lending office for Webster Five bank joins The Weekly Business Report to discuss the bank's backing of the Broadway Hospitality Group's two-story, rooftop restaurant.

The investment banking giant JPMorgan Chase has opened New England offices in the past five years in Hartford, Providence, Manchester, N.H., and Portland, Maine. It doesn't have a physical Worcester office yet, but the firm has a local team working from home and focused on the region.

May was a month when Massachusetts largely got coronavirus under control and hospitals began looking ahead to resuming somewhat normal operations. But it wasn't a return to normalcy with hospitals' financials.

People are on the move at the Massachusetts Bankers Association, UMass Medical School and Harrington Physician Services' Physical Medicine & Rehabilitation practice, among others.

The Hanover Insurance Group in Worcester reported a 56% increase in second quarter profits on Tuesday vs. the same time period in 2019.

The owners of Framingham’s Bancroft building have secured $47.5 million in loans from three local banks and MassDevelopment to renovate the former mill and surrounding property into 258 market-rate and affordable rental housing units, according to a Wednesday press release.