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Banking & Finance

Beacon Hill budget battle drags on, most overdue closeout since 1995

With no end in sight to the staring contest over what strings to attach to emergency shelter funding, the Legislature now appears on track for the most overdue closeout budget in nearly three decades.

Movers & Shakers for Nov. 27, 2023

People are on the move at Sundin Marketing, North Brookfield Savings Bank, and Clinton Savings Bank.

🔒WBJ names inaugural winners of Champions of Health Care awards

Nearly two decades have passed since WBJ created an awards specifically for healthcare professionals. Today, though, such an honor feels more important than ever.

DEI forum: Economic myths perpetuate racism

The myth that success is achieved solely through hard work and therefore poor people deserve their station in life because they don’t work hard enough is among the economic narratives sustaining racism throughout the economies of Central Massachusetts and the nation, according to the keynote speaker at WBJ’s Diversity, Equity and Inclusion Forum.
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TJX profits grew 13% in third quarter as it added 50 stores

The TJX Cos. saw $1.2 billion in profits for the third quarter of fiscal 2024, as the company added 50 store locations to its portfolio during the same time period.

Fidelity Bank names new chief of growth and client experience

Fidelity Bank of Leominster has named Joann Marsili to the newly created role of executive vice president, chief growth and client experience officer.

Retailers temper expectations for holiday shopping season

Citing the impacts of high inflation and interest rates, Massachusetts retailers don't expect a big bump in holiday season shopping sales this year.

🔒Q&A: Coworking franchise flourishes in Marlborough

A separately-owned Venture X franchise is slated to open in the Mercantile Center in Worcester in the coming months. Gagne talked about why coworking is gaining momentum in Central Massachusetts and beyond in an interview in October.
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🔒Five years after adult-use dispensaries opened, Mass. cannabis businesses have more banking options

After a ballot initiative to legalize medical marijuana was approved by Massachusetts voters in the 2012 election, finding a bank that was willing to provide services to a cannabis business was a bit like trying to buy marijuana before it was legal.

🔒After the party: Developers face new challenges after proposing 4,000+ residential units in Worcester

Rising costs on everything from construction loans to building materials are slowing some projects and delaying the start of others.
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