Banking & Finance

Leominster Credit Union will be changing its name come Monday in an effort to better reflect its mission, vision, and diverse community of service. 

Bay State Savings Bank’s chief community engagement officer Diane Giampa plans to retire following a 27-year tenure with the Worcester-based bank come Dec. 31.   

Twenty-five local nonprofits have split $440,000 in funding from the Southbridge-based United Way of South Central Massachusetts aimed at supporting services addressing needs throughout the region, including food insecurity, homelessness, and mental health. 

As part of its efforts to promote environmental sustainability, Greater Worcester Community Foundation has launched the Worcester County Green Fund, a grant program aimed at bolstering local initiatives addressing the effects of climate change.  

To nominate someone for next year's 40 Under Forty awards, fill out the nomination form linked in this article.

Veteran Cornerstone Bank employee Thomas Dufresne will retire from his position as executive vice president, chief information officer following a 27-year career with the Worcester institution.

Lawmakers and Gov. Maura Healey are optimistic that a major increase in borrowing authorization will begin to chip away at a statewide housing affordability crisis, but a new report warned that the actual spending impact could be smaller than the bond bill's bottom line.

Rollstone Bank & Trust in Fitchburg will merge with River Run Bancorp, a Newburyport-based firm created as a multi-bank mutual holding company.

Digital Federal Credit Union in Marlborough has announced its intent to merge with First Tech Federal Credit Union, a financial firm based in California’s Silicon Valley.

Heywood Healthcare has announced its stand-alone exit from Chapter 11 bankruptcy.