Banking & Finance

Worcester healthcare insurance provider Fallon Health has hired a new vice president of financial planning and accounting operations.

Fitchburg financial institution Rollstone Bank & Trust has promoted six people, including a new chief financial officer and chief accounting officer.

The Worcester Regional Chamber of Commerce and the development arm of the North Central Massachusetts Chamber of Commerce on Wednesday announced a partnership to bring microloan services to the city of Worcester and South Worcester County.

Webster Five Bank will donate $25,000 to Harrington HealthCare over two years.

The North Central Massachusetts Development Corp. on Wednesday announced the launch of a small business loan program where businesses who haven't been able to get money from a lending institution can go to get loans worth up to $150,000.

Nearly 30 years ago, Liora and Peter Stone were newlyweds who decided to start a metal fabrication company out of their garage. When Peter Stone went to give his notice at the structural fabrication company where he was working, his boss had a different idea: were Peter and Liora interested in buying his company instead?

Southbridge Credit Union announced Tuesday evening it had promoted its chief sales and retail officer to CEO on a temporary basis, filling a position left vacant by a departing CEO.

The Nasdaq Stock Market this month put on notice Marlborough medical device maker ReWalk Robotics, a warning that the company is in danger of being delisted from the exchange for failing to comply with the minimum $50-million market value, according to a filing by the company on Tuesday.

Predicting the short-term future isn't terribly difficult. Preparing for it is.

The increase in interest rates is exactly what many in the financial field have been waiting for, and something we have been talking about seemingly for years. Low rates have meant low margins, which have meant struggling times for many lenders.