Banking & Finance

On Tuesday, Clinton Savings Bank announced its election of Cynthia Curley and Myles Heffernan Jr. to their board of directors.

The woman-owned Alicia’s Spice Co. in Worcester is racing down a path of growth, evident with its Biz-M-Power partnership in June or its developing goal of putting products in schools. 

AXIOM Learning Solutions of Westborough has acquired Texas-based PatternShifts, a leadership training organization.

Country Bank of Ware will open its new Worcester branch at 638 Chandler St. on July 18.

Central Massachusetts has a new highest-paid public company leader: Ernie Herrman, president and CEO of the TJX Cos. Inc. in Framingham.

Recession and inflation concerns conspired in June to leave Massachusetts employers on the verge of switching to a pessimistic posture.

Worcester Academy has received a $20-million donation from commercial real estate developer and businessman Ron Capozzoli Sr. of Florida.

The Avidia Bank board of directors announced Tuesday that Mark O’Connell, the CEO of the bank, will retire in May of next year. The search for his replacement has begun.

Whitinsville-based Koopman Lumber has acquired Boilard Lumber, a family-owned lumber yard based in Indian Orchard, a neighborhood of Springfield, marking its first incursion into Western Massachusetts.

Cornerstone Bank has appointed Michael Roy to the new position of chief risk officer and a senior vice president position within the $1.3-billion bank.