Archive for January 2022
Eastern Bank to transfer marijuana banking business to Needham Bank
The business line, which Eastern inherited from Century Bank in their merger last year, has about $500 million in deposits and brings in a few million dollars annually in fee income. Read More
Read MoreThe Possible Zone’s new Jackson Square site to be ‘a vehicle to economic equity’
The Possible Zone, an educational nonprofit formerly in Cambridge, increasingly found it needed to be closer to many of the students it serves. So it’s moving from Kendall Square to Jackson Square, with new features the old location didn’t have. Read More
Read MoreForm D Friday: HubSpot alumni raise millions for two separate software startups
Form D Friday is a Boston Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses. Read More
Read MoreFive things you need to know today, and let the games begin
Good morning, Boston. Here are the five things you need to know to start your busy workday, plus penny stocks, the first country club, a bracket challenge you don’t want to miss — and spying crabs. Read More
Read MoreCity’s planning board approves Port Norfolk project, plus more labs
The long-proposed plan for Dorchester’s waterfront includes redevelopment of three existing buildings and the construction of two more to create 120 residential units, plus office space, retail and a 22,300-square-foot boathouse. Read More
Read MoreSecurity platform Pentera becomes newest Mass. unicorn
CEO Amitai Ratzon said Pentera chose the Greater Boston area as headquarters for its North American operations due to "the large and diverse cyber security workforce located in the immediate area." Read More
Read MorePanelists at BBJ’s Economic Outlook forum cite challenges, optimism ahead
Panelists said that despite the lingering challenges from the pandemic, inflation and the labor market, the area’s educated workforce and pent-up demand for shopping and travel will help speed recovery. Read More
Read MoreLet the games begin: Nominations for Boston’s Inno Madness bracket challenge are open
Inno is bringing the innovation, tech and startup community together for some healthy competition…bracket-style! Read More
Read MoreQuincy bank raises $28M in offering, begins trading
Few Massachusetts-based banks have made an initial stock offering in recent years, but 2022 can already claim one such offering. Read More
Read MoreScorpion Therapeutics forges AstraZeneca deal worth up to $1.6B
Cancer-focused precision medicine startup Scorpion Therapeutics, founded by serial entrepreneur Gary Glick and now headed up by GlaxoSmithKline plc veteran Axel Hoos, has made its next major move: signing a collaboration agreement worth up to $1.6 billion with the pharmaceutical giant AstraZeneca plc. Read More
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