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Banking & Finance

Westborough lender ordered to reimburse clients

A Westborough lender has been ordered to reimburse hundreds of customers who signed up for deferred-interest loans for dental work and were allegedly told the loans were interest free.

Galvin: TelexFREE victims receive first Fidelity Bank settlement checks

Carol McDonald |

More than 14,000 Massachusetts residents have received checks for $205.52 each from Fidelity Bank of Fitchburg as part of a relief fund settlement reached last year with the state, Secretary of the...

Banks on interest rate rise: Bring it on!

Sam Bonacci |

By all indications, the Federal Reserve will raise interest rates by the end of this year, marking the first time in eight years rates will move north. But would that lead to a slowdown in business?

Business lending growth boosts United Bank numbers

Sam Bonacci |

Connecticut-based United Bank, which has seven branches in Central Massachusetts, reported record earnings in its second quarter, helped by a 19-percent jump in commercial lending and a jump in home...

New entrepreneurs win chance to pitch for angel money

BY ALANNA MORIARTY |

For nine lucky first-time entrepreneurs, July 14 could be the day their dreams are realized. For the third summer, Hopkinton-based science and technology incubator TechSandBox will give them a chance...

Mortgage applications jump 4.6%

Mortgage applications across the United States jumped 4.6 percent last week over the last week in June, according to the Mortgage Bankers Association (MBA).

N. Central chamber named SBA microlender

Small businesses in the Fitchburg-Leominster area that need loans that banks won’t give them will now be able to approach the North Central Massachusetts Chamber of Commerce.

Webster Five seeks branch move to Mechanics tower

Rick Saia |

Webster Five Cents Savings Bank has asked for the state's approval to move its downtown Worcester branch around the corner from Commercial Street to the former Mechanics Bank tower on Front Street,...

Uxbridge man accused of running Ponzi scheme

Carol McDonald |

An Uxbridge man has been charged in an alleged Ponzi scheme that took in $3.5 million, according to a statement Tuesday from the office of Secretary of State William F. Galvin.

Top SBA lenders in Central Mass. *

RankNameAmount of loans FY 2014/% increase or decreasein...

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