Banking & Finance

Former state Sen. Dean Tran was sentenced Friday to a year and a half in prison followed by two years of supervised release, having been convicted of 23 felony counts including COVID and tax fraud, federal prosecutors said.

Employees at Dean College, Bowditch & Dewey, and Milford Regional Physician Group are advancing in their professional careers.

In 2024, the United States celebrated the 50th anniversary of a woman’s ability to obtain a bank account without her father’s or husband’s co-signature.

IMA celebrated its 100th year of operation last year, having been founded by Harold Fielding in Worcester in 1924. The firm has 45 employees.

Worcester science museum EcoTarium has enhanced its collection of mammal artifacts and sculptures, along with an unspecified monetary donation, from benefactors Peter and Joan Dirlam of Southbridge.

Hometown Financial Group, the Easthampton-based mutual multibank holding company of bankHometown in Oxford, has hired Reed Whitman as its new executive vice president, chief financial officer.

The parent companies of Worcester-based Cornerstone Bank and Holyoke-based PeoplesBank have officially completed their merger announced in June, forming a $6-billion entity. 

ConnectM Technology Solutions has acquired MHz Invensys, a wireless communication product developer out of India.

“Each of these investments underscores the power of collaboration and the arts in shaping a vibrant and inclusive community,” Pete Dunn, president & CEO of Greater Worcester Community Foundation, said.

MutualOne Bank has named its first senior vice president, chief information officer, promoting C-suite employee Daniel Serafin to the Framingham-based bank’s inaugural role.