J.M. Coull, a Maynard construction firm, has presented Fitchburg State College junior Sean R. Cruise of Lakeville with the first Daniel A. Mahoney Scholarship.

Newton-based Five Star Quality Care has purchased three assisted-living facilities and acquired management rights to seven more in New Jersey and Pennsylvania for a total of $29 million.

Digital Federal Credit Union has named John P. LaHair as public relations manager.

Late payments on U.S. home equity lines of credit rose to a 21-year high in the first quarter of 2008, due to continued stress in the housing market and general weakness in the economy, the American Bankers Association said Wednesday.

The Federal Home Loan Bank of Boston has awarded nearly $9.3 million in grants, loans and rate subsidies to fund 240 units of affordable rental and ownership housing in 13 Bay State communities.