Banking & Finance

Following a 17-year career at a national certified public accountant and advisory firm, Richard Fay has been named as senior vice president and CFO for Leominster-based Fidelity Bank.

The governor's plans to let cities and towns raise local taxes on hotel rooms and restaurant meals surprised some this year, after Healey touted a major tax relief law last year as the landmark accomplishment of her first year in office.

"It gives us more flexibility and the ability to access programs that we've looked at and maybe didn't make the commitment of our own resources going in there," Speaker Mariano said about the bill after the caucus. "But we have this money accumulating interest, we might as well use it to access and leverage federal money. So I think it's a good idea."

The primary use of the funds will be used to fund Boston Scientific’s purchase of Axonics, Inc., a $3.7-billion transaction the company announced in January. 

Another Central Massachusetts cannabis company is in hot water over debt, as Grafton-based dispensary Discern'd Cannabis Purveyors has been sued for allegedly failing to make payments on a $100,000 loan. 

Central Massachusetts professionals are getting hired and promoted at Saint Vincent Hospital, AAFCPAs, the Milford Physician Group, and the Telegram & Gazette.

For Central Massachusetts banks, rising interest rates are a lot of change to deal with.

While generally supportive of the new rule, the lending industry is concerned about the onus the new requirements put on banks.

The holding company of Oxford-based bankHometown, has reached an agreement to merge with North Shore Bancorp.

"I'm not going to comment on hypotheticals until I see things, but what I'll say is I think as governor, I have not been afraid to take this head on," Healey replied when pressed on how she would respond if the panel explicitly recommends expanding taxes.