1. Articles in category: Financial Services

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    1. PeoplesBank Recognized in Reader’s Choice Survey

      PeoplesBank Recognized in Reader’s Choice Survey

      Thousands of voters chimed in recently for the Daily Hampshire Gazette’s Readers’ Choice consumer polls, and PeoplesBank was named a winner in several categories, including Best Local Bank, Best Local Online Banking, Best Mortgage/Home Loan Provider, Best Green Business, and Best Place to Work. “PeoplesBank is proud to play a role in making this a better place to live and work,” said Matthew Bannister, senior vice president, Marketing and Corporate Responsibility. “We truly thank our customers for their votes.”

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    2. Freedom Credit Union Raises More Than $2,700 for The Food Bank

      Freedom Credit Union Raises More Than $2,700 for The Food Bank

      Throughout June and July, Freedom Credit Union collected cash donations at its branches throughout Western Mass. to benefit The Food Bank of Western Massachusetts, which leads the fight against food insecurity throughout Hampden, Hampshire, Franklin and Berkshire counties. It raised $2,710 thanks to the generosity of members and staff.

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      Mentions: Springfield
    3. Monson Savings Bank Pledges $100,000 to Food Bank of Western Massachusetts

      Monson Savings Bank Pledges $100,000 to Food Bank of Western Massachusetts

      Monson Savings Bank announced it will donate $100,000 to the Food Bank of Western Massachusetts to support people who struggle with food insecurity. Monson Savings Bank President and CEO Dan Moriarty recently attended the Food Bank’s capital-campaign kickoff at the Chicopee Moose Lodge, where he joined Andrew Morehouse, executive director of the Food Bank of Western Massachusetts, and Erica Flores, president of the Food Bank’s board of directors, to present the donation.

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    4. Country Bank Recognizes President’s Platinum Recipients

      WARE — Country Bank, a full-service financial institution serving central and Western Mass., announced the recipients of the 2020 President’s Platinum Award. The bank’s recognition program, “CB Shines”, encourages staff members to be on the lookout for co-workers who embody the bank’s corporate values of Integrity, Service, Teamwork, Excellence, and Prosperity (iSTEP).

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      Mentions: Country Bank Ware
    5. Country Bank Donates $1 Million to Regional Food Banks

      Country Bank Donates $1 Million to Regional Food Banks

      Paul Scully says he wants to “throw hunger a curveball.” And to the leaders of two Massachusetts food banks, it was a welcome pitch indeed. At its annual meeting on June 21, Country Bank unveiled its most recent — and largest — donation targeting the persistent issue of food insecurity in the Bay State, surprising Andrew Morehouse, executive director of the Food Bank of Western Massachusetts, and Jean McMurray, executive director of the Worcester Food Bank, with two $500,000 checks, one for each organization.

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    6. Monson Savings Bank Announces $28,000 in Scholarships

      Monson Savings Bank Announces $28,000 in Scholarships

      Monson Savings Bank recently announced it awarded $28,000 in scholarships to 14 graduating seniors of local high schools. On June 23, the bank held a scholarship ceremony at its corporate office in Monson. This event provided refreshments, opportunities for bank staff to meet the students and their parents, presentation of the scholarship checks, and a gift for each scholarship recipient to take with them on their educational journey.

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    7. Country Bank Pledges $1 Million to Fight Hunger in Western and Central Mass.

      Country Bank Pledges $1 Million to Fight Hunger in Western and Central Mass.

      At its annual meeting on June 21, held at Polar Park in Worcester, Country Bank President and CEO Paul Scully announced a $1 million pledge to the Food Bank of Western Massachusetts and the Worcester County Food Bank. Newly appointed Country Bank board members Elizabeth Cohen-Rappaport, Richard Maynard, Ross Dik, and Stacey Luster surprised both Andrew Morehouse, executive director of the Food Bank of Western Massachusetts, and Jean McMurray, executive director of the Worcester County Food Bank, with checks for $500,000 each.

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    8. Greenfield Cooperating Bank Issues Fiscal Report

      Greenfield Cooperating Bank Issues Fiscal Report

      Michael Tucker, CEO, and Anthony Worden, president and COO, of Greenfield Cooperative Bank (GCB) and its parent company, Greenfield Bancorp, MHC, announced the operating results of the bank’s latest fiscal year at the 116th annual meeting of the bank on June 15. Worden reported that FY 2021, which ended on March 31, was very successful, and the assets of the bank grew by $98.1 million (an increase of 14.31%) over the prior year.

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    9. GSB Names Shandra Richardson Senior Vice President, Senior Operations Officer

      GSB Names Shandra Richardson Senior Vice President, Senior Operations Officer

      Greenfield Savings Bank (GSB) named Shandra Richardson senior vice president and senior operations officer. She will direct all aspects of the bank’s operations, including compliance, retail banking, marketing, deposit, electronic, and loan operations, as well as developing and implementing new policies and procedures for organizational systems management.

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    10. Freedom Credit Union Accepting Donations for Food Bank of Western Massachusetts

      Freedom Credit Union Accepting Donations for Food Bank of Western Massachusetts

      Freedom Credit Union is collecting cash donations at its 11 branches throughout the region to benefit the Food Bank of Western Massachusetts, which leads the fight against food insecurity throughout Hampden, Hampshire, Franklin, and Berkshire counties. Donations will be accepted through Saturday, July 31. “Food insecurity is more prevalent than you might expect,” Freedom Credit Union President Glenn Welch said. “More than 100,000 people across the region’s four counties are in need of support, especially as we all continue to recover from the COVID-19 pandemic. As an institution, we are proud to raise awareness and funds to help ...

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      Mentions: Springfield
    11. Leaders Across Massachusetts Launch Mass Fintech Hub - Mass Fintech Hub

      Leaders Across Massachusetts Launch Mass Fintech Hub - Mass Fintech Hub

      Co-chaired by Housing and Economic Development Secretary Mike Kennealy, and Mike Fanning, Head of MassMutual U.S., the Fintech Working Group established the Mass Fintech Hub, a Massachusetts-based and -led initiative that will strengthen the Commonwealth’s Fintech ecosystem and drive continued success and growth for the industry.

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      Mentions: MassMutual
    12. HUB International Acquires Assets of Epstein Financial Group LLC

      HUB International Acquires Assets of Epstein Financial Group LLC

      HUB International Limited, a full-service global insurance broker, announced it has acquired the assets of Epstein Financial Services LLC and Epstein Financial Group LLC. Terms of the transaction were not disclosed. Located in East Longmeadow, Epstein Financial is an independent registered investment advisor providing corporate retirement-plan consulting, compliance, and regulatory guidance, as well as wealth-management services. The agency’s experience and resources help clients maintain a successful retirement program that will assist their employees to achieve financial security.

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    13. Florence Bank Cuts Ribbon on New Chicopee Branch

      Florence Bank Cuts Ribbon on New Chicopee Branch

      Florence Bank celebrated its third Hampden County branch Wednesday morning with a ribbon cutting highlighted by the presentation of a $5,000 donation to the Boys & Girls Club of Chicopee. The new branch at 705 Memorial Dr. is the third Florence Bank location in Hampden County to open since 2017, and about 1,000 of the bank’s roughly 5,000 current Hampden County customers live in Chicopee. While noting that technology has made online banking easier and more accessible, Day said Florence Bank built a new branch as a resource for those bank customers.

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      Mentions: Chicopee
    14. Mcla Mba Program to Present Friday Focus Panel on May 7

      Mcla Mba Program to Present Friday Focus Panel on May 7

      On Friday, May 7 at noon, Massachusetts College of Liberal Arts’ (MCLA) MBA program will present the last event in its Friday Focus series of free virtual panels on entrepreneurship and small business in the time of COVID-19. Moderated by MCLA Director of Corporate Engagement and Strategic Partnerships Joshua Mendel, this event will focus on “Business Financials in the Time of COVID” and feature Gregg Levante, vice president, Commercial Banking relationship manager for NBT Bank, NA; Tracy McConnell, vice president of Business Banking at Adams Community Bank; Marie Harpin, Avangrid Renewables’ administrator for its Hoosac and Deerfield wind sites; and ...

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    15. PeoplesBank Opens New South Hadley Banking Center, VideoBankerITMs

      PeoplesBank Opens New South Hadley Banking Center, VideoBankerITMs

      PeoplesBank has announced the planned April 26, 2021 opening of its newest banking center, located at the corner of Newton St. and Lyman St., South Hadley, along with two adjacent drive-thru VideoBankerITM’s (Interactive Teller Machines), bringing the newest banking technology and seven-days-a-week banking convenience into the community.

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      Mentions: Holyoke
    16. Florence Bank’s Cynthia Malinowski Wins Community Support Award

      Florence Bank’s Cynthia Malinowski Wins Community Support Award

      Florence Bank named Cynthia Malinowski as this year’s Community Support Award winner. Malinowski, vice president and branch manager of the downtown Northampton office, joined Florence Bank in October 1999 and has 33 years of banking experience. The Community Support Award was established by the bank in 1997 as a means of formally recognizing employees who are active participants in community events and donate their personal and professional time to local not-for-profit organizations.

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      Mentions: Northampton
    17. Florence Bank to Open Third Hampden County Branch

      Florence Bank to Open Third Hampden County Branch

      Florence Bank will open its third Hampden County branch at 705 Memorial Dr. in Chicopee on Monday, March 22, and a ribbon-cutting ceremony is slated for Wednesday, May 5. “We’re very pleased to be expanding our presence in Hampden County,” said Kevin Day, Florence Bank’s president and CEO. “Our focus is on providing great customer service and helping to reinvigorate the community.”

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      Mentions: Chicopee
    18. M&T Bank Corp. to Purchase People’s United Financial Inc.

      M&T Bank Corp. to Purchase People’s United Financial Inc.

      M&T Bank Corp. is no stranger to acquisitions, having broadly expanded its geographic footprint through a series of mergers over the past two decades. But every acquisition is undertaken with purpose, Chairman and CEO René Jones said, and that includes the recent announcement that M&T will purchase Bridgeport, Conn.-based People’s United Financial Inc. in a $7.6 billion, all-stock transaction. “The combination of M&T and People’s United will benefit both firms, providing additional growth opportunities beyond what either firm could achieve independently,” Jones said during a recent conference call with investors, adding that the ...

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    19. Jay Seyler Joins Greenfield Cooperative Bank as VP of Commercial Lending

      Jay Seyler Joins Greenfield Cooperative Bank as VP of Commercial Lending

      Tony Worden, president and chief operating officer at Greenfield Cooperative Bank (GCB), announced that Jay Seyler has joined the bank as the new vice president of Commercial Lending. He will be based primarily in the King Street, Northampton office and aid the efforts of GCB’s Commercial Lending department, reporting directly to Michael Buckmaster, senior vice president of Commercial Lending.

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    20. M&T Bank Corp. Announces Agreement to Acquire People’s United Financial Inc.

      M&T Bank Corp. Announces Agreement to Acquire People’s United Financial Inc.

      M&T Bank Corp. and People’s United Financial Inc. announced they have entered into a definitive agreement under which M&T will acquire People’s United in an all-stock transaction. The combined company will create a diversified banking franchise with approximately $200 billion in assets and a network of more than 1,100 branches and more than 2,000 ATMs spanning 12 states from Maine to Virginia and the District of Columbia. The combined franchise will operate across some of the most populated banking markets in the U.S. As part of the transaction, People’s United’s current ...

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    21. Country Bank Welcomes New Senior Vice President of Innovation & Technology

      Country Bank Welcomes New Senior Vice President of Innovation & Technology

      Country Bank announced that Peter Morales has joined its Innovation & Technology Division as senior vice president. Morales has held several technical leadership positions, most recently as vice president and chief information officer for an international educational organization supporting more than 45,000 students in more than 40 countries worldwide. He also held positions at New York University, (leading technology at the Law and Engineering schools), and the New York and American stock exchanges.

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      Mentions: Country Bank Ware
    22. Country Bank Supports Community with $1.3 Million in Philanthropy in 2020

      Country Bank Supports Community with $1.3 Million in Philanthropy in 2020

      Country Bank reported that its donations and sponsorships for 2020 totaled $1.3 million. Through the bank’s philanthropic efforts, it provided support to local nonprofits throughout the communities it serves; in 2020, more than 400 of these organizations received donations. The pandemic has left businesses and individuals facing continued looming uncertainties. Many nonprofits struggled from the economic fallout, and they looked to community partners like Country Bank for assistance. Country Bank donated more than $500,000 to area hospitals and first-responder housing efforts to provide the financial and tangible emergency resources needed to support their mission during the pandemic.

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      Mentions: Country Bank Ware
    23. For Banks, COVID-19 Disruption Leads to Innovation

      For Banks, COVID-19 Disruption Leads to Innovation

      Sometimes being thrown into a challenging situation leads to … well, a good idea or two. Or at least a new way of thinking. Back in March, when COVID-19 first hit, banks and credit unions in Massachusetts were designated essential businesses by Gov. Charlie Baker. That meant making sure everyone had access to their accounts while, at the same time, limiting in-person banking to appointments only, complete with masks, social distancing, and frequent sanitizing protocols.

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