Brothers sentenced to jail for $400,000 Commerce Bank fraud

Two Chicago brothers have been sentenced to a combined 27 years in prison for defrauding and attempting to defraud banks out of $4 million, including $400,000 from Commerce Bank, formerly...

Rockland Trust to buy Milford National Bank for $54M

Milford National Bank and Trust Co. is being acquired by Rockland Trust for $54.2 million in a cash-and-stock deal, the financial institutions jointly announced Tuesday.

IC Federal names new CFO

Fitchburg-based IC Federal Credit Union has promoted its former vice president of finance to senior vice president and CFO.

Fidelity Bank reaches $819M in assets

Fidelity Bank grew by 5 percent in 2017, reaching total assets of $819 million while investing in more than 145 local businesses.

Milford Federal CEO Casey to retire

The longtime president and CEO of Milford Federal Bank, Cynthia Casey, is retiring next month, the bank announced Tuesday.

Greater Worcester economy grows 2.3%

According to an Assumption College economics professor, the Greater Worcester economy grew about 2.3 percent over the first quarter.

Movers & shakers

Leominster Credit Union, Reliant Medical Group and law firm Fletcher Tilton are among the firms announcing new hires and promotions.

RXi Pharmaceuticals lands $4.9M investment

Marlborough startup drugmaker RXi Pharmaceuticals has agreed to terms with several entities for a $4.9 million investment intended to help fund preclinical and clinical work.