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Banking & Finance
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Mass. House passes bill seeking to attract federal funds
February 29, 2024"It gives us more flexibility and the ability to access programs that we've looked at and maybe didn't make the commitment of our own resources going in there," Speaker Mariano said about the bill after the caucus. "But we have this money
February 29, 2024
Boston Scientific raises $2.2B to support purchase of California medical device company
February 28, 2024The primary use of the funds will be used to fund Boston Scientific’s purchase of Axonics, Inc., a $3.7-billion transaction the company announced in January.
February 28, 2024
North Grafton dispensary, CEO sued for alleged lack of repayment for $100K loan
February 22, 2024Another Central Massachusetts cannabis company is in hot water over debt, as Grafton-based dispensary Discern'd Cannabis Purveyors has been sued for allegedly failing to make payments on a $100,000 loan.
February 22, 2024
Reporting discrimination: New, but delayed, reporting requirements seek to identify bias in small business loan approvals and denials
Updated: February 19, 2024While generally supportive of the new rule, the lending industry is concerned about the onus the new requirements put on banks.
Updated: February 19, 2024
Watching the Fed: After a jump in rates over the last two years, banks are preparing for cuts to trigger more activity
Updated: February 19, 2024For Central Massachusetts banks, rising interest rates are a lot of change to deal with.
Updated: February 19, 2024
Movers & Shakers for Feb. 19, 2024
Updated: February 19, 2024Central Massachusetts professionals are getting hired and promoted at Saint Vincent Hospital, AAFCPAs, the Milford Physician Group, and the Telegram & Gazette.
Updated: February 19, 2024
Parent company of Oxford-based bankHometown to merge with North Shore Bank
February 16, 2024The holding company of Oxford-based bankHometown, has reached an agreement to merge with North Shore Bancorp.
February 16, 2024
Healey doesn't rule out new or increased taxes to fund transportation efforts
February 13, 2024"I'm not going to comment on hypotheticals until I see things, but what I'll say is I think as governor, I have not been afraid to take this head on," Healey replied when pressed on how she would respond if the panel explicitly recommends expanding
February 13, 2024
Worcester Guardian news site receives tax-exempt status
February 9, 2024The Worcester Guardian online news site, which was founded by the Worcester Regional Chamber of Commerce, has received tax-exempt status as a 501(c)(3) nonprofit from the U.S. Internal Revenue Services.
February 9, 2024
Mass. leaders say Steward Health Care will not receive bailout
February 9, 2024Angered over the serious financial challenges at Steward Health Care that could jeopardize the future of safety net hospitals in eastern Massachusetts, top House Democrats insisted Thursday they will not bail out the company.
February 9, 2024
Pressure on state budget mounts as tax collection slump drags on
February 6, 2024With tax revenues running $769 million behind projections after December, the Healey administration last month slashed the year-end revenue estimate by $1 billion.
February 6, 2024
Major swaths of state’s healthcare system considered high risk due to patient backlog
February 5, 2024Major swaths of the state's health care system are now considered "high risk," with the crisis largely fueled by a major backlog of patients waiting to be discharged from hospitals, the Massachusetts Health and Hospital Association said Monday.
February 5, 2024
Steady, but too SLOW: Less than 16% of top executives and zero CEOs at major Central Mass. publicly traded companies are women
Updated: February 5, 2024The situation in Central Massachusetts, where 15.6% of named executive officers are female, largely mirrors the Massachusetts rate of 16.1% determined in a statewide census.
Updated: February 5, 2024
Country Bank names first woman president
January 26, 2024A Ware-based financial institution will have its first woman president in the 174-year history of the business, as Mary McGovern has been named the next president of Country Bank.
January 26, 2024
Healey files second annual budget amidst uncertain fiscal outlook
January 25, 2024The Healey administration wants to tap new revenue sources and keep spending growth somewhat constrained in a $58.15 billion state budget that officials pitched as putting Massachusetts on a "glide path" toward potentially better financial
January 25, 2024
Cannabis equity trust fund set to award $2.3M
January 25, 2024Applications for the first grants from a new fund meant to support cannabis entrepreneurs in communities disproportionately harmed by the War on Drugs are due next month, with $2.3 million available to help qualified business licensees with urgent
January 25, 2024
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