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Banking & Finance

Fidelity Bank to give raises, bonuses after tax cuts

Zachary Comeau |

Because of the federal tax changes, Fidelity Bank in Leominster said on Wednesday it is raising its minimum wage to $15 and is giving staff members below the level of vice president a $500 bonus.

Amazon HQ2 in Mass. could require legislation, Baker says

State House News Service |

Amazon doesn't quite fit into the state's current set of job-boosting programs, according to Gov. Charlie Baker, who raised the idea Thursday of legislation tailored to suit the tech giant's needs.

UniBank names new chief information officer

Whitinsville-based UniBank has named Gary Baxter, a former financial firm chief information officer, to the same position at the $1.6-billion bank.

Commerce merger fuels 82% Berkshire income growth

Zachary Comeau |

Berkhshire Hills Bancorp, Inc grew its pre-tax income by 82 percent in the fourth quarter, primarily due to the $230-million merger with Worcester-based Commerce Bancshares Corp.

RXi Pharmaceuticals regains Nasdaq compliance

Marlborough drug maker RXi Pharmaceuticals has regained compliance with Nasdaq by having 10 straight days with a closing bid price of the company's stock at $1 per share or higher.

Lelling reinforces DOJ stance on cannabis

State House News Service |

Opioid crimes are his top drug enforcement priority, but U.S. Attorney Andrew Lelling told reporters Wednesday that his enforcement of federal marijuana laws could ensnare anyone from an hourly wage...

The Massachusetts pot industry anxious after threats of federal crackdown

Zachary Comeau |

Marijuana companies can begin applying for Massachusetts recreational licenses in April and open stores in July, but federal changes this month indicating a shift toward a strict application of...

Cannabis enforcement threat may result in bigger returns, CCC chair says

State House News Service |

The abrupt change in the federal government's approach to marijuana law enforcement means investors in the state-sanctioned Massachusetts pot market could see bigger returns on their investments,...

bankHometown CEO Hewitt to retire

Zachary Comeau |

Oxford-based bankHometown announced Friday its President and CEO Michael Hewitt will retire at the end of June after leading the bank for five years.

Webster Five wants $1B the right way

Brad Kane |

Donald Doyle took over leadership of Webster Five in May 2016, looking to transition the community mutual bank into the future. This March, the company is set to celebrate its 150th anniversary while...

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