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Banking & Finance

🔒Site of Shaw’s in Worcester sold for $31M

Fidelity Investments in Boston is now the owner of the site of a Shaw’s supermarket in Worcester, after buying the property for $31 million. An entity managed by Fidelity purchased […]

🔒WBJ’s 10 bold predictions for 2026

UMass Memorial Health will absorb another hospital, and nine other predictions.

🔒How did WBJ do with its bold predictions for 2025?

CCC was not placed into receivership, no hospital replaced Nashoba Valley Medical Center, and the results of eight other bold predictions for 2025.

Worcester accounting firm joins forces with Connecticut CPA group

The merger took effect Nov. 1, and the combined firm is operating under The Innovative CPA Group name.
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🔒Poverty wages: TJX and BJ’s are heavily reliant on part-time workers, making their median employee pay qualified for government food assistance

Two of Central Massachusetts’ highest-paid CEOs run companies where median employees likely qualify for SNAP benefits.

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.
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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.

🔒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.
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