1. Articles in category: Financial Services

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    1. Berkshire Bank Lends Support to Square One

      Berkshire Bank Lends Support to Square One

      Square One was awarded $10,000 by Berkshire Bank in support of its Adopt-a-Classroom program. “We are excited to continue our ongoing support of Square One’s Adopt-a-Classroom initiative program,” says Jim Hickson, senior vice president, commercial regional president. “Berkshire Bank is committed to making a difference in the lives of local children and their families.”

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    2. PeoplesBank Hosts Free Business-improvement Webinars

      PeoplesBank Hosts Free Business-improvement Webinars

      Based on the success of its live seminar series, PeoplesBank has launched a free lunchtime business-improvement webinar series. The series will feature bank experts who will present topics related to improving and protecting business operations, including protecting data and managing vendor risk. The seminars are designed for business owners and management and operations professionals. Each of the Friday webinars will be offered live and will start at noon. The webinars are:

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      Mentions: Holyoke
    3. Florence Bank Makes Its Move into Hampden County

      Florence Bank Makes Its Move into Hampden County

      After recording impressive growth during his 22-year tenure as president, John Heaps Jr. says Florence Bank is ready to take the next strategic step, by opening its first branch in Hampden County later this summer. The move comes at an opportune time, he said — a time when many Greater Springfield banks are being bought up and merging with institutions based well outside the region. A community-focused bank like Florence, he believes, is well-positioned to fill the gap.

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    4. MassMutual sells Chicopee conference center; new owner plans psychiatric hospital

      MassMutual sells Chicopee conference center; new owner plans psychiatric hospital

      MassMutual plans to sell its MassMutual Learning and Conference Center facility at 350 Memorial Drive, and the new owner plans to return the facility to its former use as a psychiatric hospital. The 12.2-acre property near the Massachusetts Turnpike was Charles River Hospital West before the Springfield-based insurance giant bought it and converted it into a place that includes banquet facilities, hotel rooms and 160 parking spaces for MassMutual to hold business meetings and occasional community events.

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    5. Nuvo Bank in Springfield's Tower Square changes name to Community Bank

      Nuvo Bank in Springfield's Tower Square changes name to Community Bank

      Nuvo Bank & Trust  has changed its name to Community Bank following two separate takeovers that resulted in Nuvo being owned by Community Bank of Syracuse, New York. Temporary Community Bank signs are already up at Nuvo's first, and only, office in Springfield's Tower Square office building. Community Bank System Inc., the parent company of Community Bank, completed its merger with Nuvo's most recent owner, Merchants Bancshares, Inc., of Vermont, on May 12. Community Bank paid Merchants shareholders $304 million in the deal, according to a news release.

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      Mentions: Springfield
    6. Berkshire Bank acquires Commerce Bank in Worcester, moves headquarters to Boston | masslive.com

      Berkshire Bank acquires Commerce Bank in Worcester, moves headquarters to Boston | masslive.com

      Berkshire Hills Bancorp, the holding company of Berkshire Bank, will buy Commerce Bancshares Corp., the parent company of Commerce Bank and Trust Company in Worcester, for $209 million and move the combined bank's headquarters to Boston's Financial District as part of a major push east into the metro Boston market. Berkshire Bank, with headquarters at 24 North St. in Pittsfield, has 332 employees at its facilities. No jobs will be moved or lost, spokeswoman Rachel Mabee said Monday. She said senior executives will have offices in both Boston and Pittsfield, and Pittsfield remains its regional headquarters and operational ...

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      Mentions: Berkshire Bank
    7. Springfield-based MassMutual celebrates 166th birthday with a new logo

      Springfield-based MassMutual celebrates 166th birthday with a new logo

      MassMutual unveiled a newly refreshed brand Monday to celebrate its 166th birthday. The company said its new branding strategy celebrates the gift of interdependence.The logo features the letter M spelled out in dots. MassMutual changed logos Monday at its headquarters on State Street and its offices in Enfield. The old logo is down from the MassMutual-owned Tower Square office tower on Main Street. The MassMutual name remains on the building, however. Johannes Leonardo advertising agency in New York City did strategy and creative work on the campaign. The Working Assembly, also of New York, design studio, did the logo ...

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    8. Florence Bank plans to open West Springfield office in July; brick-and-mortar leads to online banking

      Florence Bank plans to open West Springfield office in July; brick-and-mortar leads to online banking

      Florence Bank is expanding into Hampden County but the size of its branches is shrinking, a reflection of how popular online and mobile banking is today. The bank's West Springfield branch, expected to open in July, will be about 7,000 square feet. It will have space for just three tellers and a drive-up ATM, along with business lenders, mortgage originators and a financial services adviser. The ATM will be a smart ATM capable of most things a teller typically does, said Florence Bank President and CEO John F. Heaps. The flesh-and-blood tellers will be able to perform many ...

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    9. PeoplesBank Issues Annual Corporate Green Report

      PeoplesBank Issues Annual Corporate Green Report

      PeoplesBank has issued its annual Corporate Green Report. Through its green values and actions to support environmental sustainability, PeoplesBank believes it can help make the region a healthier place to live, work, and raise a family. The bank puts these values to work throughout the year through its charitable donations and volunteerism. PeoplesBank is also recognized for its support of green-energy projects and its construction of LEED-certified offices. For Earth Day 2017, PeoplesBank highlighted more than $65,000 in funding for green initiatives in Western Mass. Those initiatives include support for an existing mobile farmers’ market in Springfield and the ...

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    10. MassMutual Names Aaron Miller Head of Strategy & Corporate Development

      MassMutual Names Aaron Miller Head of Strategy & Corporate Development

      Strengthening its business strategy and development expertise, Massachusetts Mutual Life Insurance Company (MassMutual) today named Aaron Miller head of Strategy & Corporate Development.  Miller reports to Betsy Ward, MassMutual’s chief financial officer and chief actuary.  In his new role, Miller, who will work closely with MassMutual’s executive leadership team, is responsible for leading the development of the company’s corporate and business strategies, as well as competitive intelligence, helping maximize MassMutual’s long-term performance.

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      Mentions: MassMutual
    11. United Bank moving State Street location to Monarch Place in downtown Springfield

      United Bank moving State Street location to Monarch Place in downtown Springfield

      United Bank and parent company United Financial Bancorp plan to move its office at 115 State St. into 2,400 square feet of leased space on the first floor of One Monarch Place, a storefront previously occupied by Bank of America. United Bank, now headquartered in Glastonbury, Connecticut, announced the move Tuesday. The bank will need regulatory approval in order make the move. It's expected to be completed in the fall of 2017. The to-be-closed United Branch is at the corner of State and Main streets across from the MGM Springfield casino.

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    12. PeoplesBank buys Yankee Pedlar in Holyoke, plans financial services center incorporating elements of iconic restaurant

      PeoplesBank buys Yankee Pedlar in Holyoke, plans financial services center incorporating elements of iconic restaurant

      PeoplesBank will raze the Yankee Pedlar restaurant on Northampton and Beach streets and has plans to build a new financial services center on the 2-acre site. The PeoplesBank location will incorporate a bank branch, mortgage origination offices and financial services like insurance and investment products. It also will have architectural elements and memorabilia from the beloved banquet hall, said Tom Senecal, president and CEO of PeoplesBank, which is based in Holyoke. The site gives PeoplesBank an opportunity create a modern branch to replace two outdated ones, in the Elmwood and Highland neighborhoods, with one that offers the latest in technology ...

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    13. PeoplesBank to Host Free Economic Outlook Luncheon

      PeoplesBank to Host Free Economic Outlook Luncheon

      The stock market is up, and soon, so might be interest rates. The Trump administration wants to make historic budget cuts, and unemployment rates are at historic lows. While these are much better than the worst of times for local businesses, are they going to turn into the best of times? Business leaders, who do not like uncertainty, will get some insights into the economic future at the PeoplesBank Economic Outlook, a free luncheon featuring James Hartley, professor of Economics at Mount Holyoke College. The luncheon is slated for Thursday, April 20 from noon to 1:30 p.m. at ...

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    14. Greenfield Savings Bank plans additional branches in Amherst, Northampton

      Greenfield Savings Bank plans additional branches in Amherst, Northampton

      Greenfield Savings Bank will open downtown branch offices in Amherst and Northampton by midsummer to augment branches already in those communities, the bank announced this week. The downtown Amherst location will be at 108 North Pleasant St. and the downtown Northampton office will be at 207 Main St. "The new branches will enhance convenience for our customers in both of these communities," John Howland, president of Greenfield Savings Bank, said in a news release. "This is especially true for our downtown Amherst- and Northampton-based commercial customers. Last year our commercial loan originations increased more than 20 percent and the additional ...

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    15. Edward Jones aiming to recruit 100 new financial advisors at Agawam event

      Edward Jones aiming to recruit 100 new financial advisors at Agawam event

      Edward Jones, a financial services company, plans to hire up to 100 financial advisors throughout Western Massachusetts in 2017, and is hoping to meet the new prospective employees at an upcoming mixer in Agawam. As the firm continues to expand its business and grow its network of branch offices to serve individual investors throughout Western Mass, Edward Jones is hosting a recruiting event at 6 p.m. on Wednesday, March 8 at The Federal. Business attire is encouraged, according to the firm.

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      Mentions: Amherst
    16. PeoplesBank Retains Young Talent by Keeping Employees Engaged

      PeoplesBank Retains Young Talent by Keeping Employees Engaged

      t’s difficult to pigeonhole the Millennial generation — though many have tried — in terms of what they want in a job and a workplace.  But one recurring theme is a sense of purpose and meaning, one that goes beyond their list of duties. And on this front, employers are largely falling short.  In fact, according to a recent Gallup study, “How Millennials Want to Work and Live,” only about one-third of young professionals strongly agree that the mission or purpose of their organization makes them feel their job is important. And just 40% feel strongly connected to their company’s ...

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    17. Thomas Senecal: PeoplesBank is an innovative organization embracing technology | masslive.com

      Thomas Senecal: PeoplesBank is an innovative organization embracing technology | masslive.com

      Innovation is a core competency of our country, as we demonstrate over and over again. While trips to the moon are in our past, and visits to Mars off in the distant future, today we apply the principles of hard work and creative thinking to solve challenges in healthcare, social services, education, and, of course, business.  It is that latter endeavor that many in my seat find themselves contemplating quite frequently, especially when the reality of what made us great - stability - is not necessarily what might propel us to grow -- innovative change.

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    18. Glenn S. Welch: Freedom Credit Union sees positive future for business in Western Mass.

      Glenn S. Welch: Freedom Credit Union sees positive future for business in Western Mass.

      As someone who grew up in the Springfield area, attended Western New England University and the University of Massachusetts at Amherst and has over 30 years of experience in the credit union and banking industries, I am truly optimistic about the future of business in Western Massachusetts. Regionally, the unemployment rates in Hampden, Hampshire, and Franklin counties have all dropped over the past year. As of October, the unemployment rate in Hampden County was 3.6 percent, down from 6.0 percent in October 2015. Likewise, the unemployment rate in Hampshire County dropped to 2.3 percent from 3.8 ...

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    19. Berkshire Bank Foundation Awards Nearly $1.9 Million to Nonprofits

      Berkshire Bank Foundation Awards Nearly $1.9 Million to Nonprofits

      Berkshire Bank Foundation announced that it awarded a total of $1,862,265 in grants to nonprofit organizations operating in the bank’s footprint in 2016. The giving represents a 3% increase in contributions compared to 2015. The grants supported a variety of education and community-development initiatives, as well as health and human service and cultural programs. “Our philanthropic investments impacted millions of individuals in 2016, helping to enhance economic opportunities and improve the quality of life for members of our community,” said Lori Gazzillo, vice president and director of the Berkshire Bank Foundation. “We are so pleased to continue ...

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    20. United Financial Bancorp Posts Record Earnings in Fourth Quarter

      United Financial Bancorp Posts Record Earnings in Fourth Quarter

      United Financial Bancorp Inc., the holding company for United Bank, announced results for the quarter ended Dec. 31, 2016. The company reported net income of $14.6 million, or $0.29 per diluted share, for the quarter, compared to net income for the linked quarter of $14.2 million, or $0.28 per diluted share. The company reported net income of $9.9 million, or $0.20 per diluted share, for the quarter ended Dec. 31, 2015. “In the fourth quarter of 2016, the United Financial Bancorp Inc. team delivered record revenue, record earnings per share, and strong loan growth ...

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      Mentions: United Bank
    21. MassMutual Foundation to bring FutureSmart(SM) Challenge to Five Cities in 2017

      MassMutual Foundation to bring FutureSmart(SM) Challenge to Five Cities in 2017

      The MassMutual Foundation announced today that its FutureSmart Challenge, now in its fourth year, will visit five cities across the country in 2017, including Memphis, TN, Portland, OR, Phoenix, AZ, Oklahoma City, OK and Boston, MA.  The MassMutual Foundation's FutureSmart Challenge is a national program that provides financial education to middle school students and offers them the opportunity to learn skills needed to make sound choices for their personal financial futures. The exciting interactive event is held in collaboration with select NBA teams, followed by Junior Achievement curriculum in participants' classrooms during the school year.

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    22. PeoplesBank Announces Key Promotions

      PeoplesBank Announces Key Promotions

      Matthew Bannister was promoted to first vice president of Marketing and Innovation. He previously served as vice president of Corporate Responsibility. He possesses more than 30 years of brand management and corporate social responsibility experience. A resident of Hadley, Bannister holds a bachelor of Arts in Communications from the University of Massachusetts Amherst.

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    23. Country Bank donates $1M toward new Baystate Wing Emergency Department

      Country Bank donates $1M toward new Baystate Wing Emergency Department

      Country Bank will contribute $1 million toward the construction of Baystate Wing Hospital's new Emergency Department. The project, scheduled to begin construction in 2017, will right size the emergency department at Baystate's Palmer campus to better accommodate current patient volumes. "We are grateful for the continued generous support of Country Bank," said Michael Moran, president and chief administrative officer for Baystate Health's Eastern Region, which includes Baystate Wing Hospital and the Baystate Mary Lane Outpatient Center. "We are committed to providing emergency services at both of our campuses. While the Baystate Mary Lane Emergency Department is appropriately ...

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    24. Westfield Bank completes switchover of former Chicopee Savings locations

      Westfield Bank completes switchover of former Chicopee Savings locations

      Westfield Bank has reopened all the former Chicopee Savings Bank offices under the Westfield Bank name, completing the merger of the former Chicopee Savings Bank into Westfield Bank and the new holding company called Western New England Bancorp. The bank will operate under the Westfield Bank name. Both banks shut down over the weekend and turned off online bill paying and a few other functions

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    1-24 of 431 1 2 3 4 ... 16 17 18 »
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