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Banking & Finance

Ex-Hometown Bank President Takes New Role

Two Massachusetts banks are seeing a shift in leadership with the recent move of long-time Hometown Bank President Matthew Sosik to Easthampton.

Venture Funding Down In Q2

The amount of money raised by U.S. venture capital firms declined 33 percent in the second quarter of 2013, according to Thomson Reuters and the National Venture Capital Association, signaling a consolidation of the industry and contraction of fund size, NVCA President Mark Heesen said.

Briefing: Foreclosure Modification Rules

The Patrick administration last month established regulations for mortgage lenders that will prevent them from foreclosing on...

2 Firms Win Grants From MassVentures

MassVentures, a quasi-public venture capital company, announced $2 million in grants for 15 Bay State firms, including two in Central Massachusetts.
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Even In Technology Era, Banks Continue To Invest In Age-Old Model

Think for a moment: When was the last time you walked into a bank branch to transact...

Gardner Bank Names New Leader

Gardner-based Colonial Co-operative Bank has appointed a new president who has spent nearly two years at the institution in three roles.

Westborough Firm Adds Auditing Services

The Westborough-based accounting and consulting firm Stowe & Degon LLC has expanded its business to include an internal audit and forensic services practice.

Foreclosures Fell In April

Across Massachusetts and in Worcester County, foreclosures remained well below levels seen a year ago, according to The Warren Group.
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UniBank Opens New Branch, Pledges $50K

Whitinsville-based UniBank has expanded to Grafton, opening its 10th branch last week and announcing $50,000 in planned financial donations to area organizations.

LCU Board Taps O’Brien As New CEO

Leominster Credit Union has appointed a new president and CEO, promoting its senior vice president of lending, John J. O'Brien, following a somewhat unsettled turn of leadership for the credit union.
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