Banking & Finance

The parent companies of Fidelity Bank of Leominster and Cape Cod 5 in Hyannis have agreed to merge into a single holding company called Mutual Bancorp.

Eastern Insurance Group, a Natick-based subsidiary of Eastern Bankshares of Boston ,will likely be acquired by Illinois insurance giant Arthur J. Gallagher & Co. for $510 million in cash.

People are on the move at Fallon Health, Nichols College, and Cornerstone Bank.

The Central Massachusetts Business Confidence Index continued to show optimism among employers in August, though it fell behind optimism statewide.

Ascend Elements raised more than $1 billion in the past year to build a new factory.

People are on the move at Milford Regional Medical Center, Mirick O'Connell, and MutualOne Bank.

The Business School at Worcester Polytechnic Institute is now offering bachelor’s and master’s degrees in financial technology.

Cornerstone Bank of Worcester plans to expand its footprint in the city with the $2.1-million purchase of a former Santander Bank branch in Worcester’s Tatnuck Square.

The North Central Massachusetts Chamber of Commerce in Fitchburg on Tuesday announced the 19 graduates of its nine-month Community Leadership Institute program.

A number of local companies have announced new hires and promotions, including bankHometown in Oxford, SALMON Health and Retirement in Milford, NAI Glickman Kovago & Jacobs in Worcester, and Rollstone Bank & Trust in Fitchburg