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Banking & Finance

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...

Bank of America profit soars as expenses fall


Bank of America Corp (BAC.N), the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their...

New entrepreneurs win chance to pitch for angel money


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...

Parent of Berkshire Bank acquires Firestone Financial for $53M

Berkshire Hills Bancorp, the parent company of Berkshire Bank, is buying Needham-based Firestone Financial Corp.

Worcester Credit Union closing Main Street branch

Worcester Credit Union’s branch at 315 Main St. will close later this summer. The last day the branch will be open is Aug. 21, according to the credit union’s website.

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