Banking & Finance

Lowell-based Enterprise Bancorp Inc., the parent of Enterprise Bank that has branches in Acton, Fitchburg and Leominster, reported an increase in net income fueled by net interest income for the third quarter.

The holding company for United Bank, which is based in Connecticut and has branches in Central Mass., reported solid commercial loan growth in the first full fiscal quarter as the combined United Financial following the merger of Rockville Financial, Inc. ("Rockville") and United Financial Bancorp Inc. in April.

Independent Bank Corp., the parent of Rockland Trust Co. which operates branches in Bellingham, Franklin and Milford, reported third-quarter net income of $15.7 million.

Women have made strides in raising venture capital in the last 15 years, but a wide gender gap persists, according to a Babson College study on the topic.

This year, the Worcester Business Journal marks its 25th anniversary. In each print edition, we are highlighting a major event within the Central Massachusetts business community between 1990 and 2014 and exploring how that event impacts today's business scene. In two weeks, we'll publish a special 25th Anniversary commemorative edition in place of our regular issue and look at the companies and business leaders who have made a difference over the last quarter-century. We'll also look ahead to what the future could bring.

Massachusetts treasury officials last week were inundated with $1 billion in buy orders for so-called “green bonds,” helping the state to obtain favorable interest rates for $350 million in the bonds.

Fidelity Bank of Fitchburg has agreed to pay $3.5 million toward a relief fund for Massachusetts investors who were defrauded by an alleged pyramid scheme involving TelexFREE of Marlborough, the secretary of state's office announced Monday.

IC Federal Credit Union will expand into Worcester before the end of the year, the Fitchburg-based financial institution announced.

In a sign of increased business optimism, more companies are depositing cash in short-term investment accounts in banks, with an overwhelming majority of depositors citing better cash flows as a reason, according to a survey from a finance professionals group and the parent of Citizens Bank.

Commerce Bank announced Monday that it's offering additional home mortgage products to new and existing customers.