Banking & Finance

In the two weeks since UMass Memorial Medical Center held the grand opening of its $220-million acute-care facility the North Pavilion, the top executive of Central Massachusetts’ largest hospital is seeing it begin to alleviate the strain on its emergency department. 

Massachusetts could receive more than $100 million as part of a tentative new settlement between attorneys general, Purdue Pharma and the company's controlling Sackler family that reshapes some of the previous liability terms rejected by the nation's highest court.

The former Santander Bank branch at 1125 Pleasant St. will include a drive-up video teller and ATM.

Massachusetts must pay the federal government $2.1 billion over the next decade after the Baker administration mistakenly used federal pandemic funds to cover unemployment benefits, officials said Monday.

Main South Community Development Corp. has received a $30,000 grant from Boston-based quasi-public finance agency MassDevelopment to support the Worcester nonprofit’s efforts to infuse art into the area between the city’s downtown and Webster Square districts.

An effort to convert a former office building at Two Chestnut Place in Worcester into 22 owner-occupied condominiums for first-time homeowners has received $8.1 million.

After serving nearly 20-years as CEO of Framingham-based MutualOne Bank, Mark Haranas has retired.

Gordon Brothers has handled liquidation of several prominent defunct brands, including Bed Bath & Beyond, CompUSA, KB Toys, and The Sharper Image.

To further its efforts in advancing spatial biology imaging, Marlborough-based biotech firm  Akoya Biosciences has agreed to be acquired by Quanterix, a Billerica-based research corporation.

The 85-year-old neon sign atop George’s Coney Island in Worcester will soon glow with renewed vigor.