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🔒Movers & Shakers for Dec. 12, 2022

People are on the move at MutualOne Bank, Friendly House, and more.

Chicago investor buys 100K-sq.-ft. Oxford flex space for $7M

Blue Vista Capital Management, LLC purchased a 104,178-square-foot building on a 10-acre lot at 47 Old Webster...

bankHometown’s parent to finalize $4B Quincy merger Oct. 7

Eastham’s Hometown Financial Group, Inc., parent company of Oxford’s bankHometown, and Randolph Bancorp, Inc. of Quincy have received regulatory approval for their proposed merger and announced Tuesday a target date of Oct. 7 for closing.

Real-estate entrepreneurs seek to benefit from CCC Social Equity Program with Oxford cannabis business

Finest Trees LLC, owned by Worcester property developers, Rebecca and Daniel Yarnie, has applied to open a cannabis dispensary in Oxford.
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Worcester Housing Authority breaks ground on $8M, 24-unit apartment building

The Worcester Housing Authority, along with its non-profit affiliate Building Futures Inc., broke ground on a 24-unit residential building, called A Place to Live, aimed at housing members of Worcester’s homeless population.

Following Insulet resignation, no Central Mass. public companies are led by a female CEO

When Shacey Petrovic stepped down as CEO of Acton medical-device company Insulet in May for personal reasons, she left Central Massachusetts without a single public company headquartered here, traded on NASDAQ or New York Stock Exchange, with a woman as CEO.

California manufacturer buys IPG telecom product line

Product lines created by IPG Photonics have been acquired by a California company in an all-cash transaction. 

Profits down 18% at IPG Photonics, $300M stock repurchase program launched

Profits at IPG Photonics fell by 18% in the second quarter, and the Oxford fiber lasers manufacturer said it is launching a new, $300 million stock repurchase program. 
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Central Mass. communities awarded $3.4M for pedestrian, bicycle safety

Communities in Worcester County and neighboring MetroWest communities received $3.4 million in grants from the Massachusetts Shared Streets and Spaces Grant Program for improvements benefitting pedestrians, cyclists, and riders of public transportation.

Aquarion Water to pay $13,500 for Oxford potassium hydroxide leak

Aquarion Water Co., a subsidiary of Eversource Energy of Boston, will pay a penalty of $13,500 for violating drinking water regulations in the Town of Oxford, the Massachusetts Department of Environmental Protection said on Tuesday.
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Girls Inc. of Worcester
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