Banking & Finance

In the past 18 months, Provo has acquired two competing financial services practices, begun work on a 3,000-square-foot expansion of its property with an environmental friendly mindset and maintained 100-percent client retention.

SpencerBANK and Southbridge Savings Bank have taken the merger of their holding companies one step further. Last month, the banks announced they would merge as one institution and rebrand as Cornerstone Bank.

Steve Carpinella, a former loan review consultant for Cobblestone Management in Brockton, has joined The Milford National Bank and Trust Company as vice president, commercial loan officer.

SpencerBANK and Southbridge Savings Bank, which merged their holding companies in May, will now merge as one institution and rebrand as Cornerstone Bank.

Fidelity Bank's 2016 merger with Barre Savings Bank helped grow deposits at the bank by 27 percent in 2016 and improved other performance metrics.

The merger of Marlborough Savings Bank and North Middlesex Savings Bank was made official on April 1. The two longtime banks first said last July they planned to merge, and earlier this year they unveiled the new name and logo for Main Street Bank.

Business owners can often feel judged and shamed for not doing things correctly. This is a natural feeling to be avoided with a few simple steps to ensure the relationship with your accountant is functional.

As part of Kate Alexander's desire to create a more sustainable, community-centric Southbridge Credit Union – increasing its $175 million in assets currently under management – she is ramping up efforts to provide more services to the credit union's members.

At its annual meeting in Leominster on Thursday, the Fitchburg-based Workers Credit Union reported its assets grew 14.29 percent to $1.51 billion, the highest growth in credit unions across the state, it said.

Fitchburg bank Workers Credit Union paid out $3.3 million its its members last year, the fourth straight year it made such a payout.