1. Articles in category: Financial Services

    1-24 of 335 // 1 2 3 4 ... 12 13 14 »
    1. United Bank releases first quarterly earnings report post-merger | masslive

      Explore masslive.com (Oct 27 2014)

      United Bank releases first quarterly earnings report post-merger | masslive

      United Financial Bancorp, parent company of United Bank, announced a net income of $10 million for the quarter ending Sept. 30.  It was the first set of financial results announced after united Bank's $369 million merger with Connecticut's Rockville Bank became official.  the combined bank took United's name, is headquartered in Connecticut and headed by Rockville's former CEO. net income was 19 cents per share, for the quarter ended September 30, 2014, compared to Rockville's net income of $4.6 million, or 18 cents pershare, for the quarter ended September 30, 2013.  Operating net income ...

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      Mentions:   West Springfield   United Bank

    2. First Niagara Bank branches in Chicopee, West Springfield among 17 company plans to close in new year | masslive

      Explore masslive.com (Oct 20 2014)

      First Niagara Bank branches in Chicopee, West Springfield among 17 company plans to close in new year | masslive

      Two First Niagara Bank branches in Western Massachusetts will be closed in early 2015, as the Buffalo, New York-based financial company tweaks its business model amid changing preferences of the banking public.  According to First Niagara, which currently operates more than 400 branches in four states, the growing number of customers who are using online and mobile banking helped lead to the decision to close 17 branches and two drive-thru service centers in January 2015.

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      Mentions:   West Springfield   Springfield   Chicopee

    3. Across the Generations

      Explore BusinessWest (Sep 29 2014)

      Across the Generations

      Rebecca Caplice laughed when asked whether Greenfield Savings Bank had seen growth of its online and mobile services among younger customers.  “You’d be surprised at the acceptance across the board,” said Caplice, the bank’s president. “My father is 87 years old, and he’s on Facebook and Twitter every day. It’s really not just young people asking for these things; we are all attached to those mobile devices. I can hardly remember what it was like when someone in a group of people had a question, and no one knew the answer. Now we just look it ...

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      Mentions:   Greenfield   Greenfield Savings Bank

    4. Editorial: MassMutual's policies continue to win it distinction as an excellent place to work

      Explore masslive.com (Sep 24 2014)

      Editorial: MassMutual's policies continue to win it distinction as an excellent place to work

      “The MassMutual community is proud of the recognition that our women- and mother-friendly practices have consistently received from Working Mother,” said Deb Palermino, executive vice president of human resources at MassMutual. Anything companies can do to make their environments more hospitable to mothers (and fathers) who wish to work will help boost the earning power and financial stability of families. Offering on-site day care, flexible schedules and generous maternity leave policies allow mothers to re-enter or stay in the corporate work force where they might have been squeezed out by rigid policies. Some of these steps, admittedly, are expensive. Others ...

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      Mentions:   MassMutual   Springfield

    5. Freedom Credit Union wins state approval for Springfield expansion project - The Republican

      Explore masslive.com (Sep 24 2014)

      Freedom Credit Union wins state approval for Springfield expansion project - The Republican

      Freedom Credit Union's plans to create a $2.2 million consolidated back office operation in Springfield's North End  got a boost this week from a state economic development agency. The Massachusetts Economic Assistance Coordinating Council has approved a five-year Tax Increment Financing or TIF agreement valued at $90,100 first approved by the City of Springfield.

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      Mentions:   Springfield   The Republican

    6. PeoplesBank Offers Support to Women Business Owners

      Explore BusinessWest (Sep 2 2014)

      PeoplesBank Offers Support to Women Business Owners

      In support of the growth and success of women business owners, PeoplesBank is partnering with WomenUpFront to host a monthly, ongoing roundtable for women who have ownership and leadership responsibility and want to grow toward $1 million in annual revenue.

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      Mentions:   Holyoke

    7. Springfield City Council grants tax incentive for Freedom Credit Union expansion

      Explore masslive.com (Aug 18 2014)

      Springfield City Council grants tax incentive for Freedom Credit Union expansion

      The City Council approved a five-year tax incentive for Freedom Credit Union on Monday that assists its expansion plans in Springfield. Freedom announced a $2.2 million expansion last week, saying it will continue to operate its headquarters at 1976 Main St. while expanding to a building behind that property at 77 Boyleston St. The taxes will continue to be paid on the existing value of the property, with the tax exemption “granted and shall apply only to the new assessed value” of the property for the five year period, under the approved tax-increment financing (TIF) agreement. The exemption on ...

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      Mentions:   Springfield

    8. Freedom Credit Union to announce a $2.2 million downtown expansion

      Explore masslive.com (Aug 12 2014)

      Freedom Credit Union to announce a $2.2 million downtown expansion

      Freedom Credit Union plans to unveil a $2.2 million downtown expansion Tuesday. The credit union is keeping details close to the vest until the announcement Tuesday, Aug. 12 announcement. But Springfield Mayor Domenic J.Sarno is expected to attend a 10:30 a.m. ceremony with Freedom Credit Union CEO Barry F. Crosby.

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      Mentions:   Domenic J. Sarno   Springfield   Northampton

    9. MassMutual establishes $100M venture fund to back tech startups

      Explore bizjournals (Jul 24 2014)

      MassMutual establishes $100M venture fund to back tech startups

      Springfield-based MassMutual announced Thursday that it has formed MassMutual Ventures, a $100 million corporate venture capital firm focused on backing startups and businesses whose technologies could transform core insurance, retirement and asset-management industries. The new fund is managed by Doug Russell, MassMutual’s senior vice president, strategy and corporate development; Eric Emmons, who joined the firm after serving as the head of Siemens Venture Capital North America for the past five years; and Mark Goodman, who founded and managed two technology focused venture capital funds, Terawatt Ventures and Brookline Ventures. The new firm will manage its worldwide investments from its ...

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      Mentions:   MassMutual   Springfield

    10. Change Agent | BusinessWest

      Explore BusinessWest (Jul 15 2014)

      Change Agent | BusinessWest

      Dena Hall was talking about some of the many things that have changed since she was promoted to Western Mass. regional president at United Bank roughly a month ago. She said her phone calls are being returned more frequently and more promptly now. Meanwhile, she’s taking more calls, including some from people who want to know if the attractive positions that once dominated her business card — senior vice president of marketing and community relations and president of the United Bank Charitable Foundation, are “up for grabs.” They are not — she’ll still have those duties.

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      Mentions:   United Bank

    11. Berkshire Bank Provides Grant to MSBDC

      Explore BusinessWest (Jul 9 2014)

      Berkshire Bank Provides Grant to MSBDC

      Berkshire Bank has announced that its foundation has provided a $1,500 grant to support the Massachusetts Small Business Development Center (MSBDC). The grant funds will go directly to support the MSBDC’s business-advisory services and other programs throughout Western Mass. “Berkshire Bank and its foundation have been long-time supporters of the Massachusetts Small Business Development Center,” said Jason Rivera, vice president, Business Banking at Berkshire Bank. “We recognize the vital role the MSBDC plays in assisting small businesses throughout the Commonwealth.”

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      Mentions:   Berkshire Bank   The Massachusetts Small Business Development Center

    12. Hampden Bank names Robert A. Massey COO and Tara G. Corthell CFO | masslive

      Explore masslive.com (Jul 3 2014)

      Hampden Bank names Robert A. Massey COO and Tara G. Corthell CFO | masslive

       Hampden Bank has promoted Robert A. Massey to chief operations officer and Tara G. Corthell as chief financial officer and treasurer of the company and the Bank effective Tuesday, Massey and Corthell have served in numerous leadership roles with the bank.

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      Mentions:   University of Massachusetts   Holyoke Community College   West Springfield

    13. Westfield Bank to move commercial lending team to Springfield | masslive

      Explore masslive.com (Jul 2 2014)

      Westfield Bank to move commercial lending team to Springfield | masslive

      Westfield Bank is preparing to make a move into Springfield at the end of the summer — a change the company says will improve commercial lending opportunities.  Westfield Bank will move its middle market and commercial real estate lending team to a new office on the 23rd floor of Tower Square in downtown Springfield. However, Westfield will not be left behind: The bank’s headquarters will stay in town.  “We’re just growing,” said Marketing Manager Cathy Jocelyn. “So our main office here is quite full.”

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      Mentions:   Springfield   Westfield   Westfield Bank

    14. MassMutual displays $38 million in renovations to its Enfield campus | masslive

      Explore masslive.com (Jun 18 2014)

      MassMutual displays $38 million in renovations to its Enfield campus | masslive

      MassMutual Financial Group hosted an open house Tuesday to show off part of the $38 million in ongoing renovations at its 66-acre Bright Meadow Boulevard Campus.  The Enfield project includes $15 million in renovations to the entrance, lobby, meeting rooms, call center and other interior spaces and $23 million for what the company described as a state-of-the-art data center capable of also providing backup electricity for much of the campus. It's all home to MassMutual's retirement services and workplace insurance business.  'It's exciting when you see something come together,' said Roger Crandall, chairman, president and CEO of ...

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      Mentions:   MassMutual   Elaine Sarsynski   Springfield

    15. MassMutual Donates $155,000 on Behalf of Financial Professionals

      Explore BusinessWest (Jun 17 2014)

      MassMutual has awarded $155,000 to eligible nonprofit organizations through its annual Community Service Awards (CSA) program. The awards are given on behalf of MassMutual financial professionals who demonstrate outstanding commitment to nonprofit organizations in their local community. New this year, MassMutual has increased its giving to include six $5,000 Silver awards in addition to its usual 10 $10,000 Gold awards and a top $25,000 Platinum award. “At MassMutual, we are proud of the significant impact our financial professionals have on their communities. What better way to encourage more of them to volunteer than to recognize those ...

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      Mentions:   MassMutual   Springfield   Nick Fyntrilakis

    16. Doug Bowen, PeoplesBank Earn Community Bank Hero Award

      Explore BusinessWest (Jun 5 2014)

      Doug Bowen, PeoplesBank Earn Community Bank Hero Award

      Banker & Tradesman has named Douglas Bowen, president and CEO of PeoplesBank, a Community Bank Hero. In awarding that honor, the publication said it goes to individuals who show “an exceptional dedication to service and investment in their community.” Bowen and the others were recognized at a special reception to honor those in the industry who have gone above and beyond to better their organization and their community. Since becoming president and CEO of PeoplesBank in 2007, Bowen and his leadership team have led a culture change at the bank.

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      Mentions:   Holyoke   Douglas A Bowen

    17. United Bank announces departure of J. Jeffrey Sullivan having completed merger with Rockville Bank | masslive

      Explore masslive.com (Jun 3 2014)

      United Bank announces departure of J. Jeffrey Sullivan having completed merger with Rockville Bank | masslive

      J.Jeffrey Sullivan, a president and member of the board of directors at United Bank, is leaving the company, United Bank announced Monday .  United Bank recently completed its $369 million merger with Glastonbury-based Rockville Bank. The merged company took the United name, is chartered in Connecticut and is under the leadership of William H.W. Crawford, IV, CEO of United Bank and United Financial Bancorp, Inc. and formerly of Rockville Bank.  The news release said Sullivan is leaving the United Bank to pursue other professional interests.

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      Mentions:   West Springfield   Springfield   Westfield

    18. MassMutual looking for students to participate in Summer Legal Institute | masslive.com

      Explore masslive.com (May 15 2014)

      MassMutual looking for students to participate in Summer Legal Institute | masslive.com

      Massachusetts Mutual Life Insurance Company, MassMutual ,is looking for high school students, and 8th graders heading into high school, to participate in the second year of its Springfield Summer Legal Institute, a week-long program meant to give students a look at the legal profession.  The program runs July 7 through July 11 at the Western New England University Law Center, is free and open to students from Springfield, Enfield and a few surrounding towns, said Patrice Sabach a MassMutual lawyer who is managing the program this year. She said MassMutual has 25 students signed up already for 45 slots.

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      Mentions:   MassMutual   Western New England University   Springfield

    19. Florence Savings Bank starts work on new Hadley branch | masslive.com

      Explore masslive.com (May 9 2014)

      Florence Savings Bank starts work on new Hadley branch | masslive.com

      Florence Savings Bank was represented by John F. Heaps, Jr., president and CEO; Sharon M. Rogalski, senior vice president/senior retail executive; Toby L. Daniels, vice president/Hadley branch manager; Monica Curhan, senior vice president/marketing director; Joseph G. Traczynski, senior vice president/senior lending executive; Kevin R. Day, senior vice president/chief financial officer; Diane M. Gould, senior vice president/HR/strategic planning/project management director; and Mark Cavanaugh, vice president/facilities director. They were joined by several of the bank's directors including David Alvord, John E. Ebbetts, and Chairman Robert F. Borawski.

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      Mentions:   Florence Savings Bank

    20. Westfield Bank reports net income of $1.8 million in first quarter

      Explore masslive.com (May 7 2014)

      Westfield Financial Inc. the holding company for Westfield Bank, reported net income of $1.6 million, or 9 cents per diluted share, for the quarter ended March 31compared with $1.8 million, or 8 cents per diluted share, for the quarter ended March 31, 2013.

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      Mentions:   Westfield   Westfield Bank

    21. Hampden Bank reports record earnings

      Explore masslive.com (May 7 2014)

      Hampden Bank reports record earnings

      Hampden Bancorp, Inc. which is the holding company for Hampden Bank announced the results of operations for the three and nine months ended March
      31. Core net income increased by $1.1 million, or 49 percent , to $3.5 million for the nine months ended March 31, 2014, or fully diluted core earnings per share of 65 cents as compared to $2.4 million, or fully diluted core earnings per share of 45 cents for the same period in 2013. For the nine months ended March 31, 2014, net income increased to $3.2 million, or earnings per share of ...

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      Mentions:   Springfield   Hampden Bank

    22. 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

    23. 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

    24. 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

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