Banking & Finance

Six small Massachusetts communities are suddenly on the lookout for accountant services after the president of a Maynard-based company decided to close shop.

Main Street Bank in Marlborough has named Paul Musgrove as its new CFO.

Westborough accounting firm Stow & Degon has merged with a North Shore firm as it moves further into the Greater Boston region. 

The financial institution Webster Five is leaving its headquarters in Webster and planning an extensive redesign of a former Reliant Medical Group facility after purchasing the Auburn property for $2.75 million.

Framingham retailer parent firm TJX Cos. has purchased a large office building near its Framingham headquarters for $120 million as it plans an expansion. 

Fidelity Bank has promoted a well-known name in Central Massachusetts business, Sherri Pitcher, to a newly created role of chief LifeDesign officer to oversee a program that prioritizes client and community relations.

Public companies across the country – as well as others in Central Massachusetts including TJX Cos. and Hologic – have been spending more money than ever buying their own shares.

State government is awash in surplus cash, so much so that the state savings account balance is surpassing $3 billion and Gov. Charlie Baker, who looms as a potential obstacle to tax increases, is now openly pressing the Legislature to deliver tax relief to Massachusetts residents.

Oxford-based bankHometown doesn't have a Worcester banking branch today but is focused on growth in the city following a merger with Millbury Savings Bank that's expected to close next month.

Clinton Savings Bank has promoted its senior vice president, finance chief and treasurer Richard Hayward, Jr. to executive vice president.