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Banking & Finance

Fidelity grows to second largest mutual bank in Worcester County

Sam Bonacci |

Following its merger with Barre Savings Bank and strong financial performance in 2015 and into 2016, Fidelity Bank has grown to the second largest mutual bank in Worcester County, CEO Edward Manzi...

Non-compete legislation fails to make end of session deadline

STATE HOUSE NEWS SERVICE |

House and Senate lawmakers fell short in reaching a deal that would have limited the use of non-compete agreements between employers and employees.

EMC’s $67B merger with Dell, a timeline

Sam Bonacci |

EMC's journey to its, nearly finished, acquisition by Dell is detailed here.

10 Things I Know About...Business lending

A local CEO walks through what he knows about business lending.

Fidelity Bank names head of retail banking

Sam Bonacci |

Laurie Benson has been hired to lead Fidelity Bank's consumer banking as senior vice president and head of retail banking.

Baker implements hiring freeze

STATE HOUSE NEWS SERVICE |

A hiring freeze takes effect across the executive branch Monday, part of the Baker administration's plans to hit a $100 million "efficiency savings" target in the new state budget.

Enterprise Bancorp income soars 36%

Sam Bonacci |

Lowell-based Enterprise Bancorp Inc., the parent of Enterprise Bank that has branches in Acton, Fitchburg and Leominster, announced a 36 percent year-over-year increase in net income for the second...

Marlborough and North Middlesex savings banks to merge; create $1B bank

Sam Bonacci |

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.

Lawmakers slap together on-time budget

STATE HOUSE NEWS SERVICE |

Responding to instability in the stock market that has shredded revenue estimates for next year, House and Senate leaders on Thursday will seek passage of a $39.15 billion budget accord for the...

Leominster Credit Union assets rise to $627M

Sam Bonacci |

The Leominster Credit Union reported its assets and loan portfolio saw steady growth to $627 million and $419 million, respectively, in 2015 while deposits declined slightly.

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