Banking & Finance

Neles Corp., a valve manufacturer with a facility in Shrewsbury, and Valmet Oyj, a technology developer in Finland, are set to complete their proposed merger on April 1.

Cornerstone Bank, GFA Federal Credit Union, LLB Architects, and Mirick O'Connell were among the companies who all announced new hires and promotions.

The former Dunroamin Country Club is a microcosm reflecting the turbulent ups and downs the entire golf course industry has experienced over the last three decades.

Informal meetings take place across Worcester everyday with the express goal of uplifting a Gateway City on the brink of larger economic and cultural significance.

Isabella Casillas Guzman, administrator of the U.S. Small Business Administration, announced additional deferment of principal loans and interest payments for those businesses who received relief under the COVID Economic Injury Disaster Loan program.

Exchange Authority, a company specializing in Section 1031 real estate exchanges and a wholly owned subsidiary of Fidelity Bank is relocating from Leominster into Worcester.

Kaz Borawski of Wilbraham has been hired by North Brookfield Savings Bank as its new senior vice president, CFO, and treasurer.

Renewable energy firm Ameresco secured $262 million in financing from Bank of America, as part of its effort to complete a large-scale battery storage system in Southern California.

The bar, located on Millbury St., is to be sold by Vincent Hemmeter to Mara and Frank Inangelo, the latter a longtime employee of Vincent’s bar in Worcester. 

Among the hires and promotions in this edition of Movers & Shakers are those at Fletcher Tilton, Open Sky Community Services, AXIOM Learning Solutions, and AAFCPAs.