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Banking & Finance

bankHometown parent to acquire Randolph bank for $147M

Hometown Financial Group, Inc., the holding company for bankHometown in Oxford, plans to acquire Randolph Bancorp, Inc. the Quincy-based holding company of Envision Bank, for $146.5 million.

Milford roofing contractor acquires NY firm

Greenwood Industries, a roofing company headquartered in Worcester with a Milford branch, has acquired Hudson Valley Roofing in New York.

Nasuni secures $60M, as remote work fuels demand

Nasuni Corp., a Boston cloud storage company with an office in Marlborough, received a $60-million equity investment by new investor Sixth Street Growth in New York.

Shrewsbury manufacturer’s $5B merger with Finnish firm set for April 1

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.
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Movers & Shakers for March 21, 2022

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

🔒Reviving golf in Gilbertville: Family-run course saved by investor

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.

🔒Infiltrating Worcester’s inner circle

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.

Small businesses to receive extra deferment of COVID loans

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.
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Fidelity Bank’s real estate service moves to Worcester

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.

North Brookfield Savings appoints new CFO

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