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Banking & Finance

Pot firms must overcome financial hurdles


With cannabis businesses steadily entering the mainstream, it can be easy to lose sight of how difficult it is to launch and operate an organization in a quickly evolving industry.

Slower than expected rollout of recreational marijuana keeping prices high

Zachary Comeau |

When compared to other legal marijuana states, Massachusetts is far behind.

Fidelity Bank's growth lands it in top 10% nationally

Fidelity Bank's assets grew by 14% last year, landing it in what the Leominster bank says is in the top one-tenth nationally in growth rates.

Worcester entrepreneurial ecosystem presses on, despite missing 99% of venture capital

Grant Welker |

Just 1% of venture capital in Massachusetts in the past five years has come to Worcester County. But colleges, incubators and others are working to make up the difference.

Build an innovation ecosystem

If Central Massachusetts can churn out more startups who turn out to be good investments, more of those venture capital dollars will start to swing in our direction.

Disruptor Beam adds CFO, CPO

Framingham mobile video game developer Disruptor Beam has added two executives to help the company as it prepares to launch new games and a new platform for operating live mobile games.

Movers & Shakers

Check out which Central Mass. professionals have landed new positions recently.

Millbury Savings Bank, bankHometown plan $1B merger

Zachary Comeau |

Millbury Savings Bank and Oxford-based bankHometown are planning to merge and create a financial institution with $1 billion in assets and 15 branch locations in Central Massachusetts and Connecticut.

Economic risks on horizon, Boston Fed economist says

Grant Welker |

A senior policy advisor at the Federal Reserve Bank of Boston said Thursday economic risks sit on the horizon.

bankHometown's sister company merges with Abington Bank

The parent company of Oxford-based bankHometown has merged a subsidiary with Abington Bank.

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