Banking & Finance

The value of the parent company for Saint Vincent Hospital in Worcester and MetroWest Medical Center in Framingham dropped more than 25 percent in morning trading on Wednesday.

Massachusetts Treasurer Deb Goldberg has instructed her debt management deputies to immediately remove Wells Fargo from their approved list of underwriters for one year.

CCR Wealth Management has moved to new headquarters in Westborough in preparation for an upcoming expansion.

Newly launched Framingham-based Plousio has edged into the small business lending space with an online marketplace that connects business owners with over 70 direct lenders.

Clinton Savings Bank has added Daniel Kelser as a senior vice president and commercial relationship manager, where he will work closely with the business and commercial sector.

The Secretary of the Commonwealth William F. Galvin has charged Morgan Stanley Smith Barney LLC with with dishonest and unethical conduct in connection with high pressure sales contests, some of which took place in Worcester.

The Webster Five Cents Savings Bank will open a customer contact center at the bank's Auburn location this October.

Thanks mostly to its merger with Barre Savings Bank in April, Fidelity Bank has grown to the second largest mutual bank in Worcester County.

The Baker administration is switching up the leadership at the state's banking division, which supervises more than 200 banks and credit unions with total combined assets exceeding $400 billion.

Banks in Worcester County have boosted their SBA lending, following a push from the agency to increase lending to small businesses and traditionally underserved populations.