LIST:
LARGEST
BANKS
Central Massachusetts' Source for Business News Volume 37 • Number 5 $3.50 March 9, 2026
Worcester Business Journal
WBJ
S H O P TA L K
PHOTO | EDD COTE
Two executives are leading Bay
State Bank's efforts to expand its
commercial banking business. | 14
Commercial growth
The The
$575M $575M
idea idea
PHOTO | COURTESY OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY
ADOBE STOCK | YALCINSONAT AND COURTESY
As the banking industry consolidates,
some Central Mass. CEOs see M&A
as the path forward, while others
prefer organic growth.
| 12
To merge, or not to merge?
John Hart, VulcanForms
co-founder
VulcanForms in Devens is
building new facilities and scaling
nationally to help manufacturers
simplify their supply chains.
Story by Mica Kanner-Mascolo on
Page 10.
Veristat's first female CEO aims to
double the Southborough firm's revenue
& headcount in the $50B outsourced
clinical trials industry. | 8
Improving clinical trials
Q&A:
Beyond The
Queen's
Cups
22