The coronavirus pandemic and the economic pain it is causing has brought a flood of new deposits to banks in Central Massachusetts and nationally. But banks are also putting aside far more money for potential loan losses.
Avidia Bank, headquartered in Hudson, is renovating its Main Street location into a full-time corporate office center and moving those branch operations to its financial center just down the street.Â
Main Street Bank in Marlborough on Friday announced it promoted two long-time executives to be its executive vice president and chief operating officer.