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Banking & Finance

Fidelity Bank, Colonial Co-operative announce $870M merger

Leominster-based Fidelity Bank and Gardner-based Colonial Co-operative Bank will merge to create a financial institution with assets of $870 million.

Avidia Bank branching out beyond Hudson

The long-time Assabet Valley bank is riding the industry wave of expansion and growth.

Area colleges offer more aid as tuition rises

The fall semester brings a new class of college students to campuses, but also a new group of students likely to go deep into debt to pay for their classes.

Six considerations when seeking angel investors

Angel investors will rarely put money into a pure startup operation.
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Be a social business

Social problems, across the street and around the globe, become more pressing and widespread as our world grows.

Hanover to underwrite insurance for 1,000 accountants

The Hanover Insurance Group announced Monday it was selected to be the exclusive underwriter of a national accountants insurance program.

Berkshire Bank’s profits grew 23%

Following its completion of an agreement to acquire Worcester-based Commerce Bancshares, net income at Berkshire Hills Bancorp, Inc. grew by 23 percent in the second quarter.

Framingham man gets 54 months for bank robbery

A Framingham man who robbed two banks last summer was sentenced to 54 months in prison Tuesday in federal court.
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LCU assets reached $643M in 2016

Assets increased by almost 3 percent in 2016 at Leominster Credit Union, which is currently ranked as the 13th largest nonprofit financial institution in Massachusetts.

Franklin wireless-tower company borrowing $20M

CTI Towers, a Franklin wireless-tower company, said Thursday it is borrowing $20 million from New York City financial firm CIT Group to help fuel its growth.
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