Banking & Finance

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.

Central One Federal Credit Union has promoted Kerry Crutchley to the newly created position of chief people and culture officer.

People are on the move at New England Botanic Garden at Tower Hill, Cornerstone Bank, and Thrive Support & Advocacy.

The first half of 2023 was a difficult one for home buyers and for real estate agents as single-family home sales cratered and home prices plateaued high above pre-COVID levels.

After the first half of 2023 rocked the banking world and as uncertainty clouds the economic future, Central Mass. bankers are staying the course.

At the end of 2022, WBJ readers were more pessimistic about the future of the Central Massachusetts economy than they had been at any point in the previous 10 years. The first five months of this year only made them more pessimistic.

People are on the move at UMass Memorial Medical Group, Fidelity Bank, and Clark University.