Banking & Finance

Lowell-based Enterprise Bancorp Inc., the parent of Enterprise Bank that has branches in Acton, Fitchburg and Leominster, announced a 36 percent year-over-year increase in net income for the second quarter of 2016.

Two area mutual banks have announced that they have agreed to a merger that would create a bank with nearly $1 billion in assets and $95 million in equity across 14 branches.

Responding to instability in the stock market that has shredded revenue estimates for next year, House and Senate leaders on Thursday will seek passage of a $39.15 billion budget accord for the fiscal year beginning Friday that slashes $750 million in projected revenue and $413 million in proposed spending.

The Leominster Credit Union reported its assets and loan portfolio saw steady growth to $627 million and $419 million, respectively, in 2015 while deposits declined slightly.

As tax collections have faltered over the past two months, the Baker administration has confidently asserted that it can "manage through" what has become a $311 million shortfall in revenues with just weeks left until the end of the budget year.

As credit unions' market share expands in Massachusetts, the state bankers association says that growth is unfair to banks and against the public interest.

Business needs the life-sustaining force of capital circulating within it to prosper, just like the human body...

Westborough technology firm SimpliVity said Thursday that its customer base for the first quarter rose by 177 percent year-over-year on the back of deals with Fortune 50 and Global 2000 companies.

The merger of the holding companies of SpencerBANK and Southbridge Savings Bank has been approved and will operate under the name SSB Community Bancorp MHC.

Massachusetts bankers on Monday released a report questioning the performance of credit unions.