Banking & Finance

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.

Lighthouse Biz Solutions, LLC, a cannabis financial services subsidiary of GFA Federal Credit Union in Gardner, appointed Melissa Maranda as its new executive vice president and chief operating officer.

Templeton restaurant Baldwinville Station received a $67,000 loan from the North Central Massachusetts Development Corp. to purchase the encompassing real estate of the restaurant, the small business financing organization announced Tuesday. 

Acton company Lyla Beauty Bar was granted a $50,000 loan from the North Central Massachusetts Development Corp. to support the purchase of new laser system equipment, the small business financing organization announced Monday.

The City of Gardner announced on Thursday it was receiving $650,000 in grants in order to help small business and economic development, using federal funds meant to provide relief from the effects of the COVID-19 pandemic.

The owners of Crust Bakeshop in Worcester were approved for a license transfer for BirchTree Bread Co., also in Worcester, and plan to purchase the coffee shop in May.

Tenet Health Corp., the Dallas-based multinational parent company of Saint Vincent Hospital in Worcester, on Wednesday reported $139 million in profits for the first quarter, the first one since the 301-day nurses strike ended at the Worcester hospital.

Five of Cornerstone Bank senior vice presidents are being promoted to more executive roles.