Banking & Finance

The manager for an elite competitive dance team and an instructor with a background in professional dance is taking over the MEM Dance Theatre in Sterling from retiring founder Paula Meola.

Fitchburg-based Rollstone Bank & Trust elected Brian Anderson as chairman of its board of directors.

Cornerstone Bank, a community bank with 13 locations in Central Massachusetts, has donated $50,000 to the Worcester Community Action Council to support its emergency fuel fund. 

Voting for the WBJ’s 2023 Best of Business awards, which seeks to highlight institutions throughout Central Massachusetts based on reader votes, will close this coming Monday, Nov. 14.

The first checks and direct deposits from a nearly $3 billion pot of excess tax revenue will head back to taxpayers starting on Tuesday when the calendar flips to November, the Baker administration announced Friday.

The nonprofit CASA Project Worcester County was granted $50,000 as part of being named the 2022 Bank of America Neighborhood Champion.

Delicious Dips, a bakery offering custom orders of cakes as well as a walk-in retail service featuring items like smoothies, has received a $30,000 small business loan from the North Central Massachusetts Development Corp. in Fitchburg.

Workers Credit Union received $150 million from the U.S. Treasury to provide capital and services to low- and moderate-income and financially underserved communities.

Magic Treasures, a Fitchburg-based business focused on alternative health care, received a $10,000 loan from the North Central Massachusetts Development Corp. of Fitchburg.

PIC Therapeutics Inc. of Natick completed a $35-million round of financing fund developments to fight drug-resistant breast cancer.