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Banking & Finance

Hanover to underwrite insurance for 1,000 accountants

Zachary Comeau |

The Hanover Insurance Group announced Monday it was selected to be the exclusive underwriter of a national accountants insurance program.

Berkshire Bank's profits grew 23%

Following its completion of an agreement to acquire Worcester-based Commerce Bancshares, net income at Berkshire Hills Bancorp, Inc. grew by 23 percent in the second quarter.

Framingham man gets 54 months for bank robbery

A Framingham man who robbed two banks last summer was sentenced to 54 months in prison Tuesday in federal court.

LCU assets reached $643M in 2016

Assets increased by almost 3 percent in 2016 at Leominster Credit Union, which is currently ranked as the 13th largest nonprofit financial institution in Massachusetts.

Franklin wireless-tower company borrowing $20M

CTI Towers, a Franklin wireless-tower company, said Thursday it is borrowing $20 million from New York City financial firm CIT Group to help fuel its growth.

NYC firm invests $108M in Virtusa

Grant Welker |

A year after making a major investment in an India information technology firm, Westborough's Virtusa then got a major investment of its own in May: a $108-million buy from a newly formed...

Report: Staples' new owner said to split company

The new private owner of Staples, Sycamore Partners, reportedly intends to split the Framingham office retailer in three to help fund the purchase.

Westborough accounting firm appoints new CFO

AAFCPAs of Westborough, one of the region’s top accounting firms, has hired a new chief financial officer.

UniBank appoints new president and CEO

Sam Pepper, a 30-year veteran of the banking industry, is the new president and CEO of Whitinsville-based UniBank, the bank announced Monday.

Avidia Bank opening Framingham location

Avidia Bank plans to open a full-service location in Framingham this summer, and on Wednesday announced the new branch’s leadership team.

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