Banking & Finance

The Department of Revenue reported last month that the state had collected just less than $2.6 billion from the 4% surtax between July 1, 2024 and April 30, 2025, surpassing the $2.46 billion that the surtax generated in fiscal 2024 in just 10 months of fiscal 2025. 

Middlesex Savings Charitable Foundation, the charity arm of Natick-based Middlesex Savings Bank, marked its 25th anniversary by awarding $5,000 grants to 50 nonprofits.

The museum at Framingham State University has received its largest-ever donation as the Danforth Art Museum and School has been gifted $4.66 million from a long-standing supporter.

After the Nasdaq-delisted ConnectM failed to timely file regulatory financial reports, the group that had previously offered to buy the firm has put its acquisition offer on hold. 

Anne Joyce, who has more than 30 years of banking experience, will serve as the vice president of the new branch. 

As a result of declining utilization, UMass Memorial Health in Worcester will close an in-facility acute detox and stabilization program for teens.

In response to financial challenges and a dramatically reduced incoming freshman class, Clark University in Worcester will restructure its degree tracks and layoff up to 30% of its faculty. 

Mere weeks after making an unsolicited bid to buy Marlborough-based biotech firm Akoya Biosciences, the anonymous party has withdrawn its offer . 

Less than two weeks after the Senate moved to create a new prescription drug price cap system in Massachusetts, an industry official warned against legislative "leapfrog" that could complicate the most recent round of reforms.

Employees at Bowditch & Dewey, the Downtown Worcester Business Improvement District, and Quinsigamond Community College are moving forward as professionals.