1. Westfield, Chicopee Merger Called a Logical Step on Many Levels

    Westfield, Chicopee Merger Called a Logical Step on Many Levels

    He couldn’t pinpoint exactly when they started, but Westfield Bank President and CEO Jim Hagan said the talks he’s had with his counterpart at Chicopee Savings Bank, Bill Wagner — about this marketplace, the changes taking place in it, and a possible merger of their institutions — are not exactly a recent development.  Well, that’s true of those first few subjects of conversation, anyway.  “Bill and I had a number of discussions about this market, what was happening in it, bank consolidations, and the importance of size and scale in the industry,” said Hagan, who took the helm at ...

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    1. Bill and I had a number of discussions about this market, what was happening in it, bank consolidations, and the importance of size and scale in the industry.
    2. We were both well-capitalized institutions, and we both felt strongly that we wanted to have what we considered to be a strong, independent bank headquartered in Western Massachusetts, one that would be locally owned and locally managed.
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