Banking & Finance

Worcester-based Cornerstone Bank has promoted Douglas Schmeling to the role of senior vice president, chief credit officer with the bank, which also announced four other executive promotions.

People are on the move at the Family Health Center of Worcester, AdCare Hospital in Worcester, the Worcester law firm Bowditch & Dewey, the Estate Preservation Law Offices, MutualOne Bank in Framingham, Framingham State University, and UMass Memorial Health in Worcester.

Eight months after Mark O’Connell announced he would retire as CEO of Avidia Bank in May, the Hudson-based institution has named Robert Cozzone of Rockland Trust as president and CEO.

MassDevelopment and Bay State Savings Bank of Worcester combined to provide $3.1 million in construction financing for the developers of Mission on Summer, a seven-unit redevelopment of the historic Mission Chapel on Summer Street in Worcester.

Fay Brothers Inc. Vice President William Fay II has been elected Chairman of Worcester’s Bay State Savings Bank’s board of directors.

Nichols College in Dudley named Peter Tympanick as the school’s new vice president for business and finance and its chief financial officer, effective March 1, becoming the third Bryant University official to join Nichols since 2021.

While single-family home prices in Worcester County remained relatively steady in January, the number of home sales dropped significantly.

People are on the moved at Fidelity Bank, GFA Federal Credit Union, and Waters Corp.

When Worcester child care advocacy nonprofit Edward Street received a $75,000 grant, it was an example of essential funding for early childhood organizations, which rely on foundational funding in the absence of adequate federal funding.

To move on from the garage to the real world isn’t as easy as “I have an idea!” In the world, we cherish ideas and people who bring them to life, but what is often lost is to make something, to start a company, to build something new, money is required.