Banking & Finance

MutualOne hires former Main Street Bank SVP as chief lending officer

MutualOne Bank has hired the former leader of Marlborough-based Main Street Bank’s commercial lending team.

Report: Median net wealth of Mass. families at $370K

Nearly 16% of respondents reported no wealth or "negative" wealth, in which their debts exceeded the value of their assets.

Investment firm behind Railers, Palladium, Pulse Magazine adds executives

Beverly-based Rucker Investments, which has a substantial Worcester-based portfolio, has grown its senior leadership team.

🔒Aspen Aerogels’ explosion cost $14.2M

The company expects to recover $8.9 million in insurance payments during the third quarter.
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🔒One year after going public, Avidia to buy back $30M in stock

About one year after its initial public offering, Hudson-based Avidia Bancorp is buying back a good chunk of its stock.

Webster First promotes VP to chief risk officer

Carney was promoted to the newly created role from the position of vice president of risk and revenue.

Mapfre expands New England presence with purchase of Boston-based firm for $1.5B

Mapfre U.S.A. is acquiring Boston-based Safety Insurance Group for $1.54 billion in an all-cash transaction.

🔒Movers & Shakers for July 27

Central Mass. professionals are on the move at places like the EcoTarium and Clinton Savings Bank.
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Avidia Bancorp quarterly profit rises 20% on higher fee income

The company’s stock was trading at $21.84 per share Friday morning on the New York Stock Exchange, up 8% for the day.

🔒Former St. Mary’s CEO returns to M&T Bank as executive

After leaving as president and CEO of St. Mary's Credit Union less than a year into the...
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