Banking & Finance

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.

Companies with new hires and promotions include Workplace Resource, MassHire Central Regional Workforce Board, Leominster Credit Union, and Bay State Savings Bank.

The husband and wife who have owned O’Connor’s Restaurant & Bar since 1989, turning the eatery into a cornerstone of Worcester's Irish-American community, will sell the restaurant in August and retire.

Alicia’s Spice Co. of Worcester has been accepted into a statewide crowdfunding matching grant program to allow it to purchase new machinery and equipment. 

Clinton Savings Bank is constructing a new branch at the new development Edgemere Crossing in Shrewsbury.

Devens-based Little Leaf Farms has secured $300 million in capital investment to help the hydroponic lettuce company further expand its operations. 

COVID-19 continues to shape the healthcare landscape across Central Massachusetts, as hospitals grapple with soaring costs and staffing shortages.

Digital Federal Credit Union of Marlborough announced on Friday that Shruti Miyashiro will succeed Jim Regan as president and CEO effective Aug. 1.