Banking & Finance

GFA Federal Credit Union in Gardner named veteran executive John Knierim as its new executive vice president and chief financial officer.

Worcester Business Journal has published its Book of Lists, the annual publication and directory full of the main movers and shakers in the Central Massachusetts business community.

New York real estate investment company Rabina obtained $13.5 million to refinance its 210,000-square-foot distribution center at 26 Millbury St. in Auburn.

The second-largest credit union in Central Massachusetts, Littleton’s Workers Credit Union, will have a new leader, as longtime President and CEO Doug Petersen retired on Friday.

Pittsfield-based Berkshire Bank will permanently close two Central Massachusetts branches in Westborough and Marlborough, according to the June 30 activity report by the Massachusetts Division of Banks and Board of Bank Incorporation.

Amid uncertainty about a future recession, a pause in interest rate hikes, and a continuing tight labor market, Central Massachusetts business leaders turned pessimistic in June.

Arris Partners, a Concord-based real estate investment firm, purchased a 3.3-acre industrial property at 104 Gold St. in Worcester for $7 million.

Middleborough-based home-good retailer, Christmas Tree Shops will liquidate all of its stores unless a buyer for the company surfaces within a week.

Digital Federal Credit Union in Marlborough promoted two executives into its C-suite, making them its new CFO and chief risk officer.

Peter Alden, president, CEO, and director of Worcester-based Bay State Savings Bank, will retire Aug. 31.