Banking & Finance

Worcester has a hodgepodge of branded office towers resulting from the shifting office market, acquisitions, and a move to work-from-home policies.

Worcester-based Cornerstone Bank broke ground on its 11th location, its first in Shrewsbury, on July 31.

Most states have already reported their year-end tax collections for the budget year that ended June 30, but Massachusetts is not among them and the delay here has now stretched longer than any point in at least 20 years.

North Brookfield Savings Bank tapped its former chief financial officer, Kaz Borawski, as its new president and CEO following a brief stint as interim president and CEO. Borawski’s first day in the non-interim role was Tuesday.

Legislative negotiators filed a compromise $56.2 billion annual state budget Sunday night, packing major education, transportation and health care policy measures and spending into an overdue fiscal 2024 accord that is expected to win House and Senate approval on Monday.

House Democrats plan to accept a compromise road and bridge maintenance funding bill Thursday after months at an impasse with their Senate counterparts, though the actual accord itself still hasn't emerged.

Cash used to be king, but most diners now pay their bill with a credit or debit card, and restaurateurs told lawmakers Monday that the habit is squeezing their already-thin profit margins.

As a kid growing up in Worcester, Seth Pitts didn’t dream of leading a bank. He will do just that when he is promoted to be the next CEO of Worcester institution Bay State Savings Bank.

The statewide unemployment rate in Massachusetts remained low in June, dropping by two-tenths of a percentage point since May.

Littleton-based Workers Credit Union is launching a construction initiative, updating 11 of the credit union’s 18 locations over the next few years.