Banking & Finance

Funding has been secured for work on 2 Mercantile Street, part of Mercantile Center, where Broadway Hospitality Group of Boston, the company behind the restaurant chain Tavern in the Square, is on deck to build and operate a 12,600 square-foot, two-story rooftop bar and restaurant.

Kathleen Murphy, president and CEO of the Maryland Bankers Association, has been named incoming president and CEO of the Massachusetts Bankers Association, the organization announced on Friday.

When Central Massachusetts businesses turned to banks for help applying for federal loans for coronavirus pandemic relief, they often skipped over local lenders in favor of national and larger options based outside the region, according to a Worcester Business Journal review of program data.

Rollstone Bank & Trust, headquartered in Fitchburg, will reopen its branch lobbies to customers beginning Monday, the bank announced on Wednesday.

Recipients skewed small, a reflection of both the predominance of small businesses and the aim of the Paycheck Protection Program, which generally leaves out public companies and all those with more than 500 employees.

Companies with new hires and promotions include UniBank, Vision Advertising, Westfield State University and Bay State Savings Bank, among others.

It’s been a worrying few months financially since the coronavirus pandemic hit in March – and that’s for those who’ve kept their job or their business in operation.

Leominster Credit Union elected officers for its board of directors at the board’s April meeting, the credit union announced on Monday.

Companies with new hires and promotions include ERA Key Realty Services, bankHometown, Clinton Savings Bank, The Junior League of Worcester, AdCare Hospital in Worcester and more.

With the coronavirus remaining a part of life in the United States and the national economy now in a recession, startups are facing a time when survival could be more difficult than it has in years.