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Banking & Finance

Commonwealth Fusion inks $1B power deal with longtime shareholder after $863M fundraising round

After inking a similar deal with Google in June, Commonwealth Fusion has signed a power purchase agreement with a longtime investor.

Movers & Shakers for Sept. 22, 2025

Central Massachusetts professionals are being hired at organizations including bankHometown, Consigli Construction, and Cornerstone Bank.

Sturbridge orthodontic firm acquired by Canadian company

Corus Orthodontists was founded in 2019 by a group of 18 orthodontists across North America.

Level99 secures $50M to boost expansion efforts as construction at Disney World begins

Level99 is in active negotiations in 15+ states, with the goal of locating urban and suburban markets with venues ranging from 30,000 to 45,000 square feet.
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Bay State Bank promotes Worcester native to commercial lending SVP

Worcester-based Bay State Bank has added Worcester native James Ciociolo to its commercial lending team, in a new role of senior vice president, commercial lending officer. 

CEO of Cornerstone Bank’s parent company to retire

Senecal joined PeoplesBank, parent company of Worcester-based Cornerstone Bank, in 1995. Cornerstone and PeoplesBank completed the $6-billion merger of their parent companies in February.

Devens hydrogen unicorn acquires NY firm, secures $400M for project financing

Devens-based Electric Hydrogen has acquired a New York firm also working to grow the concept of green hydrogen.

Longtime Fidelity Bank leader announces retirement

Ed Manzi has announced his retirement as Chairman & CEO of Fidelity Bank, after having led the Leominster-based financial institution for over 28 years.
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Movers & Shakers for Sept. 8, 2025

New board members have been appointed to the Girl Scouts of Central and Western Massachusetts and Worcester County Horticultural Society.

🔒Becoming a CEO: How the growing popularity of search funds led a former Central Mass. banker to expand his business into Shrewsbury

Stimpson, who worked in Worcester for Morgan Stanley at 100 Front St. from 2008 to 2012, is now planning on expanding one of his businesses into Central Massachusetts.
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