Marlborough Savings Bank

After a ballot initiative to legalize medical marijuana was approved by Massachusetts voters in the 2012 election, finding a bank that was willing to provide services to a cannabis business was a bit like trying to buy marijuana before it was legal.

Rick Bennett, the CEO of Main Street Bank and its predecessor in Marlborough for 17 years, is retiring, the bank announced Tuesday.

The long-time Assabet Valley bank is riding the industry wave of expansion and growth.

The merger of Marlborough Savings Bank and North Middlesex Savings Bank was made official on April 1. The two longtime banks first said last July they planned to merge, and earlier this year they unveiled the new name and logo for Main Street Bank.

Marlborough Savings Bank and North Middlesex Savings Bank have a name for their new company post-merger.

On the back of major business wins, such as GE Healthcare Life Sciences and Quest Diagnostics, Marlborough now has its sights set on smaller businesses and downtown.

Two area mutual banks have announced that they have agreed to a merger that would create a bank with nearly $1 billion in assets and $95 million in equity across 14 branches.

The Marlborough Economic Development Corporation (MEDC) has launched the Marlborough Area Community Loan Fund aimed at supporting local economic development through lending to small businesses.

Marlborough Savings Bank reopened its Sudbury branch inside the Roche Bros. supermarket after $2 million in renovations....

Innovation, as a word, is massively overused. At this point, companies and job applicants that don't use the words “innovative” or “innovation” in their descriptions are the ones who are really breaking the mold.