Banking & Finance

Leominster-based Wachusett Wealth Management has been acquired by a Woburn firm, the two companies announced today.

Worcester-based accounting firm Bollus Lynch said it has merged with the Kashuk, Bourgault, Kittredge & Frustaci (KBKF) accounting firm of Worcester.

Clinton Savings Bank has opened a new in-school branch at Tahanto Regional High School in Boylston.

It happened more than 1,500 times in 2013. Someone in a firm's IT department found an odd piece of malware on a server, or a bank got a call from a major retailer warning that some debit card records had been compromised, or a laptop computer containing a list of social security numbers went missing.

It has restricted how banks and credit unions can raise money, reduced fee revenue and left financial institutions vulnerable to lawsuits on home mortgages.

Defense lawyers and activists welcome a foreclosure-avoidance program as a way to keep Worcester's cash-strapped residents in their homes, while bankers and their trade association see it as an ineffective burden draining them of time and money.

As senior vice president of human resources and training at Digital Federal Credit Union, (DCU) the largest credit union in Central Massachusetts, Donna Russo has the formidable task of sifting through piles of submitted resumes in search of worthy candidates to fill positions.

Lowell-based Enterprise Bancorp Inc., which has branches in Acton, Fitchburg, Leominster and Westford, reported annual net income of $13.5 million for 2013, a 9-percent increase over 2012, in a milestone year for loan growth, according to an earnings statement.

Enterprise Bancorp Inc. (EBTC), which has branches in Action, Fitchburg, Leominster and Westford, declared a quarterly dividend of 12 cents per share to be paid March 3.

When it comes to bank consolidation, Central Massachusetts has always bucked the trend. Twenty years ago, 37 of the nation's largest banks had morphed into just four institutions by 2010, according to the Federal Reserve. Meanwhile, Central Massachusetts was home to 39 banks, according to the Federal Deposit Insurance Corp. (FDIC) Nearly two decades later, it's still home to 27.