Banking & Finance

GFA Investment Management in Gardner is changing its name.

Medway-based Charles River Bank purchased the land at its Mendon office on 1 Hastings St. for $1.9 million, according to the Worcester South District Registry of Deeds.

A vacant former Rite Aid pharmacy in Milford may be converted into a Chase Bank, pending approval from the town planning board, which will meet Tuesday night.

The Commerce Bank brand name is being removed on all remaining Central Massachusetts branches, five years after Berkshire Bank of Boston acquired the Worcester institution for $230 million.

New York lender M&T Bank and Bridgeport-based People’s United Bank have extended the window to complete their $7.6 billion merger while they still await federal approval of the deal, the banks announced.

Steve Rotman, the 82-year-old CEO of Worcester manufacturer Vystar Corp., is restructuring his companies as part of a larger effort to transition to a new leader of the parent company with holdings including his family business Rotmans Furniture.

David L’Ecuyer, president and CEO of Central One Federal Credit Union in Shrewsbury, announced his retirement on Wednesday after 32 years with the financial institution.

As a small business owner, Erin Reardon Defoyd has forged her own path, leveraging powerful insights gleaned from more than a decade of corporate experience.

With all factors considered, are we headed toward a totally electronic banking industry, where coins and paper money are a thing of the past? It seems the answer would be yes, but Central Massachusetts banking leaders say no.

Sometimes banks opt to consolidate in order to offer their clients access to bigger loans and better resources, while other times they unite as a competitive strategy against banks with more assets.