Worcester Business Journal

March 9, 2026

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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

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