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AMSC expands into Brazil with acquisition worth $133M

Ayer-based energy solutions company AMSC has acquired ️Comtrafo Indústria de Transformadores Elétricos S.A., a Brazilian transformer manufacturer.

Merger between DCU and California credit union finalized, Miyashiro to helm merged firm

The merger between Marlborough-based Digital Federal Credit Union and California-based First Tech Federal Credit Union will go...

🔒Bay State Bank names new CFO

Bay State Bank has tapped former Clinton Savings Bank executive Richard Hayward to be the Worcester-based institutions’ new chief financial officer.

Main Street Bank executive to retire, as two new SVPs join firm

The Marlborough-based bank has added two new senior vice presidents to replace her.
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🔒Webster First names former WHA executive as inaugural chief human resources officer

Worcester-based Webster First Federal Credit Union has named its inaugural chief human resources officer, promoting employee Erin Jansky to the executive role of one of the largest credit unions in Central Massachusetts.

🔒Fundraising at Milford Regional’s annual gala dropped 43% this year

For the first time in four years, Milford Regional Healthcare Foundation’s Mélange 2025 Gala and Live Auction failed to raise at least $1 million, generating $560,000 less than it did last year.

Inflation expected to curb Mass. holiday spending

Even though inflation is cooling off, the cost of living remains high here and consumers are expected to curb spending this holiday season, the Retailers Association of Massachusetts said Wednesday.

United Way raises $1.2M to address mounting local food insecurity

The UWCM used $500,000 in seed investments from its United Response Fund, knowing that 80,000 individuals in its service area are affected by food insecurity.
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🔒State auditor assails UMass Memorial Health over use of $6.2M in COVID funding

The Massachusetts state auditor is calling into question UMass Memorial Health’s use of $6.2 million it received in COVID relief grants.

Holy Cross launches micro-grant program to strengthen students’ ties to community

The College of the Holy Cross in Worcester has launched a $10,000 micro-grant pilot program aimed at strengthening the college’s participation in the Worcester community.
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