Banking & Finance

MutualOne Bank in Framingham promoted its long-time head of commercial lending, Brian Ledwith, to executive vice president and chief lending officer, the bank announced Tuesday.

The bank’s growth in assets mainly came from securities, which rose $84 million from the 2020 fiscal year, and net loans, which increased by $48 million.

Marlborough technology company Wyebot has closed on $8 million in Series A funding to meet what the company says is expanding market demands for its services. 

Fontaine Bros. Inc., a construction and contracting firm based in Springfield and Worcester, has appointed Sherri Pitcher as senior director of marketing and business development.

The profit is higher than that of the previous year’s first quarter, which was $92 million. The company also reported a 91% increase in operating revenue from the past year’s first quarter, rising from $61 million to $117 million.

Worcester Business Journal began listing the most influential people in the Central Massachusetts economy in 2013, using various iterations of the concept to arrive at the Power 50, which started in 2018.

The Power 50 may not necessarily hold the most power in the region, but they are the people who most effectively wielded their power to have an outsized influence on the economy and the community within the last year.

The 89-year-old construction company Fontaine Bros., which is based in Springfield with a major operations in Worcester, has established a corporation foundation in which each of its employees has a say in where money is directed.

Friday is the last day to submit nominations for Worcester Business Journal’s 40 Under Forty Award.

Hologic, the Marlborough-based medical technology company that primarily focuses on women’s health, will close its Danbury, Conn. location, the company announced in its first-quarter earnings report.