Banking & Finance

UPDATED: Secretary of State William F. Galvin has subpoenaed Fidelity Bank President John F. Merrill to be interviewed in connection with the alleged TelexFREE pyramid scheme that imploded in April.

United Bank of West Springfield, which has a wide presence in Central Massachusetts after its 2009 acquisition of Commonwealth National Bank, has merged with a Connecticut financial institution, Rockville Bank of Glastonbury, in a $369 million, all-stock deal.

A Massachusetts Biotechnology Council (MassBio) report released April 3 found that an intense focus on reducing health-care...

When Geert Cauwenbergh needed money for a life sciences startup in 2002, he knew where to turn: venture capitalists.

Millbury Savings Bank has named its first new president in more than two decades.

After almost 42 years with the company, Southbridge Savings Bank President & CEO Philip Pettinelli will retire May 13, the bank announced Thursday.

As prospective college students and their families hit their limit for federally-guaranteed loans and turn to the private market to pay for school, they will encounter a new and increasingly popular lending source: credit unions.

AO Eyewear, Inc. will renovate its Southbridge manufacturing headquarters and buy new equipment using a $1.5-million tax-exempt bond issued by MassDevelopment.

Virtually all banks with more than $4 billion in assets depend on income from selling stock to fuel their growth. Middlesex Savings Bank is the exception.

Grafton Suburban Credit Union has received a $150,000 federal grant that will allow it to assist first-time home buyers.