Banking & Finance

Eastham’s Hometown Financial Group, Inc., parent company of Oxford’s bankHometown, and Randolph Bancorp, Inc. of Quincy have received regulatory approval for their proposed merger and announced Tuesday a target date of Oct. 7 for closing.

The AC Hotel by Marriott Worcester was purchased Friday by Bridgewater real estate investor and developer Claremont Cos. for $40 million, according to the Worcester District registry of deeds.

Rockland Trust has provided $29 million in financing to Waterstone Properties Group of Needham, for the construction of a surgical pavilion expansion at Heywood Hospital in Gardner.

Lundgren Equity Partners purchased two properties at the Southbridge Innovation Center, adding to the multi-million-dollar holdings the Auburn real estate investment and development already owned at the sprawling campus.

Phosphorex, a Hopkinton-based drug delivery-focused contract development and manufacturing company, has named a new CEO following a growth capital investment. 

The Greater Worcester Community Foundation on Wednesday named Tim Johnstone as its interim president and CEO while the GWCF board of directors continues its search to find a full-time CEO following Jim Ayers resignation from the $200-million foundation after five months on the job.

Fitchburg and Leominster single family home sales rose 18% year-over-year in August, following a 21% climb in July year-over-year.

JENNIFER DiFRANCO has been named director of development at Worcester Academy, effective Aug. 1. DiFranco, a current...

In order for charitable organizations to offer free or discounted services to the community, pay staff, and keep the lights on at owned or rented properties, they have to make some sort of money.

Four entities connected with Brady Sullivan Properties, a property manager and developer in Manchester, New Hampshire, have purchased two lots, including a shopping center on the Fitchburg, Lunenburg border, for a total of $7 million.