1. Articles in category: Financial Services

    1-24 of 314 // 1 2 3 4 ... 11 12 13 »
    1. Hampden Bank wins award from MassHousing

      Explore masslive.com (Apr 16 2014)

      Hampden Bank wins award from MassHousing

      Hampden Bank recently received an award for Best Overall Performance by a bank from the MassHousing agency.  This recognition, reserved for those Massachusetts banks dedicated to providing loans to low-income borrowers, was recently presented at the annual MassHousing awards ceremony in Boston, Massachusetts. Hampden Bank also received recognition in several other categories, including top producer, most loans made to low-income borrowers, second most loans in Hampden County and second most loans to minority borrowers statewide.

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      Mentions:   Hampden Bank

    2. Florence Savings Bank contributes $2,5000 to Forbes Library

      Explore masslive.com (Apr 14 2014)

      Florence Savings Bank contributes $2,5000 to Forbes Library

      Florence Savings Bank has donated $2,500 to the Forbes Library in Northampton, in memory of the Bank’s past President and CEO Ed Morin. Bank President and CEO John F. Heaps, Jr. made the announcement at the Bank’s recent Customers’ Choice Community Grants Program Awards Ceremony, held at the Northampton Senior Center. During the ceremony, Heaps recalled the life and accomplishments of his predecessor, who recently passed away. Also present at the ceremony were Scott Morin, Ed Morin’s son, and Forbes Library Director Janet Moulding.

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      Mentions:   Northampton   Florence Savings Bank

    3. United Bank in West Springfield, Rockville Bank in Connecticut get merger approval

      Explore masslive.com (Mar 31 2014)

      United Bank in West Springfield, Rockville Bank in Connecticut get merger approval

      Rockville Bank and United Bank have secured regulatory approval from the Massachusetts Board of Bank Incorporation of their application to merge, the banks announced Monday. Rockville Bank is headquartered Glastonbury, Connecticut and United Bank is of West Springfield,. Rockville Financial, Inc. and United Financial Bancorp have received all regulatory approvals required for their merger of equals to proceed, including from the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, the Connecticut Department of Banking and now the Massachusetts Board of Bank Incorporation, according to a news release.

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      Mentions:   West Springfield   Springfield   United Bank

    4. PeoplesBank hosts "Stay Discussion" human resources seminar

      Explore masslive.com (Mar 28 2014)

      PeoplesBank hosts "Stay Discussion" human resources seminar

      Maintaining a healthy work-life balance, keeping personnel energized, and supporting their interests and goals are all critical for retaining high-performing employees. PeoplesBank is asking employers to join the bank's Executive Vice President & Chief Human Resources Officer Janice Mazzallo from 8 to 9:30 a.m. April 3 at the bank's Conference Center, 330 Whitney Ave. second floor, Holyoke.

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      Mentions:   Holyoke

    5. MassMutual named a 2014 World’s Most Ethical Company

      Explore masslive.com (Mar 20 2014)

      MassMutual named a 2014 World’s Most Ethical Company

      Massachusetts Mutual Life Insurance Co. announced today that it has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World’s Most Ethical Company. This is the first time that MassMutual has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. World’s Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand and that the award belongs as much to their associates as it does to them.

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      Mentions:   MassMutual   Springfield

    6. MassMutual Brings Three Experts in Diversity Onboard to Better Serve Multicultural Marketplace

      Explore Market News, Real (Mar 13 2014)

      MassMutual Brings Three Experts in Diversity Onboard to Better Serve Multicultural Marketplace

       Massachusetts Mutual Life Insurance Company (MassMutual) announced that three new professionals are playing major roles in the Diversity & Inclusion and Multicultural Market Development, furthering the company's growing leadership presence in that field. Kate Karasmeighan, Supplier Diversity Consultant, is driving the company's supplier diversity strategy. Prior to coming to MassMutual, Karasmeighan held positions with the Gay & Lesbian Victory Fund and Institute and led the National Gay & Lesbian Chamber of Commerce's (NGLCC) interactions between the national, Washington DC-based organization and more than 45 state and local GLBT chambers of commerce. Karasmeighan reports to Megan Nolan, Assistant Vice President of ...

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      Mentions:   MassMutual   Springfield

    7. Florence Savings Bank provides grants to 25 agencies in annual Customers' Choice program

      Explore masslive.com (Mar 11 2014)

      Florence Savings Bank provides grants to 25 agencies in annual Customers' Choice program

      Moments before she approached bank president John Heaps to tell him herself, Lilly Lombard, executive director of Grow Food Northampton, said, "We are incredibly grateful for the bank's generosity and all the customers who demonstrate their loyalty. Florence Savings Bank is a model for other banks in the community." A total of $75,059 was distributed, including a $500 surprise award received by the Granby Booster Club through a random drawing at the event. Community members who benefit from these awards include school students, seniors and those who access services from area social service agencies. Heaps also announced to ...

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      Mentions:   Springfield   Amherst   Northampton

    8. MassMutual Financial Group releases 2013 results

      Explore masslive.com (Feb 27 2014)

      MassMutual Financial Group releases 2013 results

      MassMutual Financial Group reported financial results Wednesday that reflected the largest acquisition in the Springfield-based company's history.  MassMutual has an estimated dividend payout for 2014 of $1.49 billion to eligible participating policy owners. That reflects a dividend interest rate of 7.1 percent on eligible participating life insurance policies, according to a news release.  In 2013, the dividend totaled $1.379 billion, MassMutual said.  Net gain from operations before policy owner dividends and taxes – the company’s primary earnings measure as a mutual company – was $1.8 billion compared to $2.1 billion the year before, according to ...

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      Mentions:   MassMutual   Springfield

    9. People in Business: Jeannette Strange named mortgage specialist at PeoplesBank

      Explore masslive.com (Feb 21 2014)

      People in Business: Jeannette Strange named mortgage specialist at PeoplesBank

      PeoplesBank has announced the appointment of Jeannette Strange as a mortgage consultant.  Strange will focus primarily on the communities of Chicopee, Holyoke, Springfield, South Hadley and Ludlow. As a PeoplesBank mortgage consultant, she will have a variety of mortgage options to offer customers, including refinancing and special first-time homebuyers’ programs. Strange joins the following experienced team of PeoplesBank mortgage professionals: Lisa Baltronis, Beverly Orloski and Jocelyn Kinlock.

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      Mentions:   West Springfield   Springfield   Chicopee

    10. Mass.’ Berkshire Bank’s head start as a CT ‘noisemaker’

      Explore HartfordBusiness.com (Feb 4 2014)

      Mass.’ Berkshire Bank’s head start as a CT ‘noisemaker’

      Berkshire Bank's timing for entering Connecticut at least 18 months ahead of a fresh wave of out-of-state bank investment, including from a Massachusetts competitor, couldn't have been better, its chief says.  The Pittsfield, Mass., bank bought out former Hartford lender, Connecticut Bank & Trust Co., in mid-2012, cementing its beachhead in the Nutmeg State ahead of West Springfield rival United Financial Corp.'s December declaration of its $369 million pending merger with Glastonbury's Rockville Bank.

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      Mentions:   University of Connecticut   West Springfield   Berkshire Bank

    11. Sovereign Rulers | BusinessWest

      Explore BusinessWest (Jan 30 2014)

      Sovereign Rulers | BusinessWest

      When the Sovereign Bank signs suddenly came down across Massachusetts last fall, replaced by the Santander Bank name, it was … well, anything but sudden.
      “We branded as Santander on Oct. 17, but as you can imagine, a lot of work went on behind the scenes prior to the rebranding,” said David L’Heureux, Santander’s market manager of Commercial Banking for Massachusetts and New Hampshire, as he explained why the international banking giant, based in Spain, made the name change almost four years after acquiring Sovereign.  “We’ve been preparing for the rebranding for the past year and a half ...

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    12. Generating Interest | BusinessWest

      Explore BusinessWest (Jan 29 2014)

      Generating Interest | BusinessWest

      The deal, which would create a $4.8 million community institution with more than 50 branches in Massachusetts and Connecticut, is similar to others consummated in recent months in that the banks are of similar size (United has $2.5 billion is assets, Rockville has $2.2 billion), there has been considerable give and take in the negotiations, and the ‘selling’ bank — United, in this case — is actually the one keeping its name, because those involved believe it will ultimately travel better.
      But in some respects, this transaction is resetting the bar when it comes to the MOE.  Indeed, expectations ...

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      Mentions:   United Bank

    13. Chicopee Bancorp reports 7-cent dividend

      Explore masslive.com (Jan 28 2014)

      Chicopee Bancorp reports 7-cent dividend

      Chicopee Bancorp, the holding company for Chicopee Savings Bank, declared a cash dividend of 7 cents per share for the recently-completed quarter .  This is an increase of 2 cents per share paid in the same time period last year.  The company reported net income of $670,000, or 14 cents per share, for the three months ended December 31, 2013, compared to $993,000, or 20 cents basic earnings per share, for the three months ended December 31, 2012.

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      Mentions:   Chicopee   Chicopee Savings Bank

    14. United Financial Bancorp Reports Fourth Quarter Results; Announces Dividend Of $0.11 Per Share

      Explore Market News, Real (Jan 23 2014)

      United Financial Bancorp Reports Fourth Quarter Results; Announces Dividend Of $0.11 Per Share

      (NASDAQ Global Select Market: UBNK), the holding company for United Bank (the "Bank"), reported net income of $4.0 million, or $0.20 per diluted share, for the fourth quarter of 2013 compared to net loss of $4.7 million, or $0.28 per diluted share, for the corresponding period in 2012. Excluding merger-related expenses of $598,000 ($449,000 net of tax benefit) resulting from the Company's agreement to merge with Rockville Financial, Inc. and gains from sales of securities totaling $277,000 ($164,000 net of tax expense), net income would have been $4.3 million, or ...

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      Mentions:   West Springfield   Springfield   United Bank

    15. MassMutual board of directors honored by National Association of Corporate Directors New England Chapter

      Explore masslive.com (Jan 20 2014)

      MassMutual board of directors honored by National Association of Corporate Directors New England Chapter

      MassMutual's 13-member board, made up of some of the top business minds in the region, has contributed greatly to the company's success, the association said in awarding its Private Company Board of the Year award for 2014. In recent years, MassMutual recorded many new achievements: in 2012, the company acquired The Hartford Retirement Plans, nearly doubling the number of retirement participants served across the country, and its assets under management reached a record high of $508 billion. MassMutual is currently one of only two Fortune 100 companies located within Massachusetts (the other is Boston-based Liberty Mutual).

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      Mentions:   MassMutual   Liberty Mutual   Springfield

    16. People's United lures Citi executive for Mass. job

      Explore bizjournals (Jan 8 2014)

      People's United Bank has lured a regional commercial lending executive away from Citibank to help grow the Bridgeport, Conn.-based bank's private banking business in Boston. People's said in a statement that as senior vice president and senior private banker, Lisa Hudson will be responsible for growing the $32 billion bank's private banking business in metro Boston.

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      Mentions:   Springfield   United Bank

    17. Hampden Bank participates in state Small Business Partnership Program

      Explore masslive.com (Nov 25 2013)

      Hampden Bank participates in state Small Business Partnership Program

      In an effort to help local small businesses expand and create new jobs, Hampden Bank, in conjunction with the office of the State Treasurer, is participating in the Small Business Partnership Program. The program is a special funding initiative launched by State Treasurer Steven Grossman to promote small business loans, according to a news release.

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      Mentions:   Springfield   Hampden Bank

    18. Greener Pastures | BusinessWest

      Explore BusinessWest (Nov 22 2013)

      Greener Pastures | BusinessWest

      Doug Bowen, PeoplesBank president and CEO, admits that the bank may not see a return on the added investment through energy savings for “seven to eight years from now” at the earliest, but that timetable certainly isn‘t deterring him from such endeavors.  Indeed, what interests him most is that PeoplesBank continues to be an industry leader in developing sustainable branch offices, fostering an environmentally friendly corporate culture, and investing in projects that will be energy-efficient. This is a mission that PeoplesBank staked out a couple of years after Bowen took over the leadership of the bank in 2006, and ...

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      Mentions:   Douglas A Bowen

    19. Margin Calls | BusinessWest

      Explore BusinessWest (Nov 22 2013)

      Margin Calls | BusinessWest

      Hampden has countered that trend, Welch said, with the strong recent performance of its commercial-loan portfolio; in fact, the bank recorded loan growth of almost 22% in the fiscal year that ended on June 30, outpacing deposit growth of 9%. Overall, Hampden Bank boasts almost $700 million in assets and 111 employees spread across 10 branches in Springfield, Agawam, Longmeadow, West Springfield, and Wilbraham.  That wasn’t enough for a group of non-local shareholders who waged an unsuccessful proxy fight for more control over the bank’s dealings earlier this month. Texas-based Clover Partners, which owns about $7.8 million ...

      (Read Full Article)

      Mentions:   Hampden Bank   Glenn Welch

    20. Nuvo Bank & Trust Co. of Springfield announces positive results | masslive.com

      Explore masslive.com (Nov 19 2013)

      Nuvo Bank & Trust Co. of Springfield announces positive results | masslive.com

      Nuvo Bank & Trust Co. announced net income of $2.26 million, or 96 cents per share, for the nine months ended Sept. 30, compared with $514,000, or 28 cents per share, for the nine months ended Sept. 30, 2012.  Net income was $100,000, or 4 cents per share, for the three months ended Sept. 30, 2013, compared with $207,000, or 11 cents per share, for the three months ended Sept. 30, 2012.

      (Read Full Article)

    21. United Bank to merge with Connecticut's Rockville Financial, ups competition with Berkshire Bank

      Explore bizjournals (Nov 15 2013)

      At $4.8 billion post merger, United would have been the fourth-largest bank based in Massachusetts, had it opted to remain headquartered in the Bay State. Instead, United will become the third-largest bank in the Nutmeg State, behind only People’s United Bank and Webster Bank. United's new headquarters will be in Glastonbury, Conn., where Rockville’s administrative offices were relocated in 2011.

      (Read Full Article)

      Mentions:   West Springfield   Springfield   United Bank

    22. MassMutual Named One of 2013 Working Mother 100 Best Companies

      Explore sacbee.com (Nov 13 2013)

      MassMutual Named One of 2013 Working Mother 100 Best Companies

      Working Mother magazine named Massachusetts Mutual Life Insurance Company (MassMutual) as one of the 2013 Working Mother 100 Best Companies for its commitment to progressive workplace programs, including child care, flexibility, advancement and paid time off. MassMutual employee Amanda Wallace, assistant vice president of strategy and planning for the company's U.S. insurance business, also has been recognized as one of the Working Mothers of the Year for representing the best in working motherhood as well as for her outstanding leadership ability.


      Read more here: http://www.sacbee.com/2013/11/12/5904982/massmutual-named-one-of-2013-working.html#storylink=cpy
      (Read Full Article)

      Mentions:   MassMutual   Springfield

    23. Hampden Bank keeps activists off board, will consider sale anyway

      Explore bizjournals (Nov 8 2013)

      Hampden Bank keeps activists off board, will consider sale anyway

      Hampden Bank’s shareholders have rejected an effort by a Texas hedge fund to put two members on the bank’s board of directors and push the bank toward a sale. Nonetheless, the bank said it will still evaluate whether a sale makes sense.

      In a regulatory filing, Hampden Bancorp, parent of the Springfield-based bank, says it hired investment bank Sterne, Agee & Leach Inc. to identify and evaluate “strategic and/or operating scenarios intended to maximize shareholder value.”

       

      (Read Full Article)

      Mentions:   Springfield   Hampden Bank

    24. MassMutual announces record dividend estimated at $1.49 billion

      Explore masslive.com (Nov 5 2013)

      MassMutual announces record dividend estimated at $1.49 billion

      MassMutual Financial Group has approved the insurer's largest dividend payout in history for 2014.  The record payout to eligible policy holders is estimated at $1.49 billion. The dividends to be paid in 2014 reflect a dividend interest rate of 7.1 percent for eligible policy holders, an increase over last year’s rate of 7 percent flat.

      (Read Full Article)

      Mentions:   MassMutual   Springfield

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