Banking & Finance

The College of the Holy Cross in Worcester increased its full-tuition grants to students whose families make $100,000 a year or less.

Four and a half years after the COVID-19 pandemic altered the configuration of the U.S. workforce, Central Massachusetts employers are still navigating the reverberations of a landscape that changed overnight.

Worcester Polytechnic Institute has received a nearly $1-million grant from the U.S. Department of Education to finance fellowships for graduate students studying to become researchers and educators in cell and molecular biology.

To enhance educational access for the families of North Central Massachusetts Chamber of Commerce members, the Fitchburg-based chamber has partnered with Applewild School, a private day and boarding school for preschool through ninth grade students with campuses in Fitchburg and Devens. 

Webster First Federal Credit Union has promoted long-term employee John Cournoyer to chief marketing officer, an inaugural role for the Worcester-based financial institution. 

Expanding its portfolio further into cardiovascular health, Marlborough medical device manufacturer Boston Scientific has entered into a definitive agreement to acquire Cortex, a California medical technology company working to advance the treatment of atrial fibrillation. 

Lifeward will close two of its U.S. facilities in a consolidation effort expected to save the Marlborough-based firm $3 million in operating expenses.

Two and a half years after assuming his role as senior vice president, chief risk officer at Cornerstone Bank, Michael Roy has announced his retirement from the Worcester-based institution come February.

Leal Therapeutics has secured yet another multi-million financing deal as the Worcester-based biotechnology startup has raised $45 million to advance its therapeutics for individuals with central nervous system disorders.

The sale of Steward Health Care's physician network to the Rural Healthcare Group has been finalized, the buyer announced Thursday along with a new name for the consolidated company: Revere Medical.