1. Articles in category: Financial Services

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

      Explore masslive.com (Dec 8 2016)

      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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      Mentions:   Palmer   Baystate Health   Paul Scully

    2. Westfield Bank completes switchover of former Chicopee Savings locations

      Explore masslive.com (Dec 6 2016)

      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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      Mentions:   West Springfield   Springfield   Chicopee

    3. At the Gaudreau Group, Women Have Thrived in Non-traditional Roles

      Explore BusinessWest (Nov 29 2016)

      At the Gaudreau Group, Women Have Thrived in Non-traditional Roles

      The Gaudreau Group in Wilbraham is like most other insurance and financial service agencies in terms of the products and services it offers to clients. It is different, though, in the fact that an extraordinarily large number of high-level positions have been filled by women. This development wasn’t exactly planned, but then again, it wasn’t really an accident, either.  Jules Gaudreau has been in the financial services field for more than three decades, more than enough time to know that this industry has moved well beyond that old catch-phrase ‘the insurance man.’

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      Mentions:   MassMutual   Western New England University   Springfield

    4. Berkshire Bank Foundation Supports Community Development Corp. - BusinessWest

      Explore BusinessWest (Nov 14 2016)

      Berkshire Bank Foundation Supports Community Development Corp. - BusinessWest

      The Berkshire Bank Foundation has made a $10,000 donation to the Community Development Corp. (CDC) of South Berkshire in support of the nonprofit’s work in providing affordable housing at 100 Bridge St., Great Barrington. The grant will support the construction of 45 new, safe, highly energy-efficient apartments in the center of town for generations to come, enabling residents to walk to work, shopping, and the adjoining 1.5 acres of public park along the Housatonic River.

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    5. Country Bank Expands Its Presence in More Ways Than One - BusinessWest

      Explore BusinessWest (Nov 10 2016)

      Country Bank Expands Its Presence in More Ways Than One - BusinessWest

      Country Bank’s sheer scope in Eastern and Central Mass. — it now boasts 15 branches, almost $1.4 billion in assets, and a loan portfolio approaching $1 billion — positions it among the larger banks in its footprint. But even during a time of financial growth, President Paul Scully is equally committed to growing the bank’s community ties, through an ever-evolving series of initiatives that engage employees, customers, and area residents alike. After all, a bank’s success, he believes, shouldn’t be reflected simply on the bottom line.

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      Mentions:   Palmer   Paul Scully   Country Bank

    6. MassMutual lays off 150 around country as a result of MetLife deal

      Explore masslive.com (Nov 1 2016)

      MassMutual lays off 150 around country as a result of MetLife deal

      MassMutual Financial Group laid off 150 employees Tuesday as a result of its $165 million takeover earlier this year of MetLife's life insurance sales operation. The layoffs were spread out over 10 offices, including the insurance giant's headquarters on State Street in Springfield. "We have been working to integrate the organizations," said MassMutual spokesman James Lacey. "When you do so, you have overlaps and redundancies. These were difficult decisions that were not made lightly and we are committed to providing support and respecting the privacy of those affected by the decisions."

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      Mentions:   MassMutual   Springfield

    7. MassMutual's Barings, which now includes Babson Capital, looks to grow in North Carolina, London, has presence in Tower Square | masslive.com

      Explore masslive.com (Oct 28 2016)

      MassMutual's Barings, which now includes Babson Capital, looks to grow in North Carolina, London, has presence in Tower Square | masslive.com

      MassMutual Financial Group has merged four of its investment management arms into one brand name, Barings LLC, and it is apparently poised for growth in Charlotte, North Carolina, and in London.  In Charlotte, Barings is poised to move into about a third of a new estimated $136 million office tower partly owned by MassMutual's Cornerstone Real Estate Advisers. Cornerstone is one of the four entities it rolled into the Barings brand

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      Mentions:   MassMutual

    8. Florence Bank donates $50k to Cutchins Programs for Children & Families

      Explore masslive.com (Oct 5 2016)

      Florence Bank donates $50k to Cutchins Programs for Children & Families

      Florence Bank announces a contribution of $50,000 to Cutchins Programs for Children & Families in Northampton, which will be used over a five-year period toward Cutchins' Sensory and Fitness Programs . Cutchins Programs for Children & Families, located in Northampton, provides an interpersonal and respectful environment in which the long-term impact of trauma, emotional and behavioral challenges can be recognized and treated. The donation from Florence Bank will be used to upgrade the Cutchins Program gym; the renovation project will provide a state-of-the-art structure for physical education and create a technologically advanced facility for occupational therapy and sensory integration treatment and research.

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      Mentions:   Northampton

    9. MassMutual Foundation announces FutureSmart program

      Explore masslive.com (Oct 5 2016)

      MassMutual Foundation announces FutureSmart program

      The MassMutual Foundation, Inc. today announced its new digital financial education curriculum—part of its successful FutureSmart program—developed specifically for middle school students. Now available at no cost to schools across the United States, the state-of-the-art course was unveiled at a special event with middle schoolers in Mattapan, according to a news release. The program is available online at www.massmutual.com/about-us/corporate-responsibility/futuresmart Importantly, the new web-based curriculum is offered in English and Spanish to extend the potential reach of the successful FutureSmart program to youth in sixth through eighth grade, with the overall goal of impacting ...

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      Mentions:   MassMutual   Springfield

    10. Florence Bank plans West Springfield branch, further expansion

      Explore masslive.com (Sep 20 2016)

      Florence Bank plans West Springfield branch, further expansion

      Florence Bank has plans to open a full-service branch in a soon-to-be-built shopping plaza sometime in 2017. The branch, located on Memorial Avenue and Bridge Street at the former site of St. Ann Roman Catholic Church, will be the first of what Florence Bank President and CEO John F. Heaps thinks will be a number of Hampden County branches.

       

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      Mentions:   Colvest Group   West Springfield   Springfield

    11. Region’s Competitive Commercial-loan Market Poses Plenty of Opportunity

      Explore BusinessWest (Sep 9 2016)

      Region’s Competitive Commercial-loan Market Poses Plenty of Opportunity

      Banks and credit unions know all too well that the health of a commercial-loan portfolio is often dependent on the economic climate. Several years of improvement on that front has bolstered the portfolios of many regional lenders, some dramatically. But the added opportunity has brought little relief from fierce competition in the sector, both for loan business and the talent to procure it.

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      Mentions:   Springfield   Chicopee   Westfield

    12. Tech Foundry Awarded $4K sponsorship from Nuvo, a division of Merchants Bank

      Explore masslive.com (Sep 7 2016)

      Tech Foundry Awarded $4K sponsorship from Nuvo, a division of Merchants Bank

      Tech Foundry, the leading non-profit IT workforce training program in the Pioneer Valley recently received sponsorship support for its upcoming fall training program from Nuvo, a division of Merchants Bank, located in Springfield. The Tech Foundry fall training class is already underway and is training 32 students from Springfield and other cities and towns in the Pioneer Valley and as far away as Nashua, New Hampshire. The support from Nuvo continues to demonstrate the need for IT workforce training in the financial services sector. In the letter from Nuvo announcing its sponsorship of Tech Foundry, the bank cited the "work ...

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      Mentions:   Springfield   Dale Janes

    13. Westfield Bank Future Fund awards $300K

      Explore masslive.com (Sep 7 2016)

      Westfield Bank Future Fund awards $300K

      Westfield Bank is pleased to announce that The Future Fund, the Bank's corporate philanthropy program, has awarded more than $300,000 in grants for 2016, all to local organizations and initiatives that positively impact communities in western Massachusetts and northern Connecticut. Among this year's 51 Future Fund grants were funds distributed to support Boys & Girls Clubs, scouting organizations, Make a Wish, and YMCAs across the region; to aid the Ronald McDonald House of Springfield in providing a home away from home for families for critically ill children; and to help the Willie Ross School for the Deaf hire ...

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      Mentions:   West Springfield   Springfield   Holyoke

    14. PeoplesBank Named to List of ‘Top Ten Banks in Massachusetts’

      Explore BusinessWest (Sep 2 2016)

      PeoplesBank Named to List of ‘Top Ten Banks in Massachusetts’

      AdvisoryHQ has named PeoplesBank to its list of “The Top Ten Banks in Massachusetts” after an extensive review. According to the publication, “the names on this list of banks in Massachusetts are all very distinctive from one another, yet all have many advantages, benefits, and value-creating products and services that make them excellent choices for consumers seeking the very best in financial services.” The bank’s corporate values were highlighted by AdvisoryHQ in its announcement of the list, which noted, “the corporate philosophy of PeoplesBank is a commitment to customers, maintaining corporate responsibility, creating a great place to work, and ...

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      Mentions:   Springfield   Holyoke

    15. Financial Review Publication Names PeoplesBank to Top Ten List

      Explore masslive.com (Aug 26 2016)

      Financial Review Publication Names PeoplesBank to Top Ten List

      AdvisoryHQ has named PeoplesBank to its list of The Top Ten Banks in Massachusetts after an extensive review, PeoplesBank said. The publication described the list as follows: "The names on this list of banks in Massachusetts are all very distinctive from one another, yet all have many advantages, benefits, and value-creating products and services that make them excellent choices for consumers seeking the very best in financial services.

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      Mentions:   Springfield   Holyoke

    16. Arrha Credit Union sets grand opening of West Springfield office | masslive.com

      Explore masslive.com (Aug 16 2016)

      Arrha Credit Union sets grand opening of West Springfield office | masslive.com

      Arrha Credit Union plans a grand opening of its new office at 63 Park Ave. on Sept. 8 at from 4 to 6 p.m.  The 2,500-square-foot branch office occupies what was once the site of West Springfield's Knights of Columbus lodge hall. Arrha bought the site in June 2015 for $350,000 from the Knights of Columbus Council 2212. The Catholic fraternal organization had a lodge on the site facing the West Springfield green since 1924, but maintaining the building had gotten to be too much.

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    17. MassMutual Program Introduces Students to Law Careers

      Explore BusinessWest (Aug 11 2016)

      MassMutual Program Introduces Students to Law Careers

      Nia Major used to get really nervous when she met someone new and had to talk with them.  But after completing a week-long Summer Legal Institute session (SLI) at MassMutual last month, the 15-year-old from Sabis International Charter School in Springfield gained so much confidence that she was named a grand-prize winner in an oral-argument competition, where she played the role of a lawyer in a mock case that involved name-calling and cyberbullying.

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      Mentions:   MassMutual   Western New England University   Springfield Renaissance School

    18. Berkshire Bank Named Among Top 10 Best Banks in Massachusetts

      Explore BusinessWest (Aug 4 2016)

      Berkshire Bank Named Among Top 10 Best Banks in Massachusetts

      Berkshire Bank has been recognized by AdvisoryHQ News as one of the Top 10 Best Banks in Massachusetts. “We are honored to be recognized by AdvisoryHQ News on their list of the best banks in Massachusetts,” said Tami Gunsch, executive vice president of Retail Banking. “We look forward to continuing to provide solutions to meet the financial needs of those within our communities and help our customers thrive and achieve what’s most exciting in their lives.”

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      Mentions:   Berkshire Bank

    19. That’s What Drives Continued Growth at Greenfield Savings Bank

      Explore BusinessWest (Jul 15 2016)

      That’s What Drives Continued Growth at Greenfield Savings Bank

      Blocking and tackling.  Those are the fundamentals of winning football at any level, or so most coaches would say. But John Howland uses that phrase often as he talks about banking.  He uses it, as those on the gridiron do, in reference to maintaining a keen focus on the basics, the things one has to do right in order to achieve success. And in the case of financial institutions, that list includes some things that most would consider obvious — everything from good customer service to attractive products and services; from having competitive rates on those products to giving back within ...

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      Mentions:   Amherst   Northampton   Greenfield

    20. PeoplesBank strengthens mutual structure as new CEO takes office | masslive.com

      Explore masslive.com (Jul 13 2016)

      PeoplesBank strengthens mutual structure as new CEO takes office | masslive.com

      PeoplesBank has changed its bylaws to make it more difficult for the bank to convert from mutual ownership by its depositors to public ownership by stockholders.  The changes, enacted in February but announced this week, bar the bank's senior management and trustees from self-enrichment in the event of a conversion, said Thomas W. Senecal, president & CEO of PeoplesBank.

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    21. MassMutual completes acquisition of MetLife's U.S. insurance sales force

      Explore masslive.com (Jul 5 2016)

      MassMutual completes acquisition of MetLife's U.S. insurance sales force

      MassMutual announced Tuesday that it has completed a $165-million purchase of MetLife's U.S. retail adviser force of life insurance agents.  The deal was first announced in February.   MetLife made the deal to sell off its Premier Client Group to avoid being designated "too big to fail" under federal regulations established in the wake of the 2008 financial crisis.

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      Mentions:   MassMutual   Springfield

    22. Berkshire Bank buys First Choice Bank in New Jersey | masslive.com

      Explore masslive.com (Jun 30 2016)

      Berkshire Bank buys First Choice Bank in New Jersey | masslive.com

      Berkshire Hills Bancorp, parent of Berkshire Bank announced Wednesday that it and First Choice Bank have signed a definitive merger agreement.  First Choice Bank will merge into Berkshire Bank and its subsidiary, First Choice Loan Services Inc., will become a subsidiary of Berkshire Bank in an all-stock transaction valued at approximately $111.7 million, Berkshire Bank said.  Berkshire's total assets will increase to $8.9 billion including the $1.1 billion in acquired First Choice assets.

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      Mentions:   Berkshire Bank

    23. Dowd Insurance Agencies enters into alliance with a subsidiary of The Quincy Mutual Group

      Explore masslive.com (Jun 17 2016)

      Dowd Insurance Agencies enters into alliance with a subsidiary of The Quincy Mutual Group

      The Dowd Insurance Agencies, a leading insurance provider serving New England for 118 years, today announced it will enter into a strategic alliance with a subsidiary of The Quincy Mutual Group. Through Quincy Perpetuation Partners (QPP), the new subsidiary, Quincy Mutual will invest in a 20 percent ownership position in The Dowd Insurance Agencies. The Dowd Insurance Agencies will continue to operate under independent ownership – this is not a merger or acquisition in any form.

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      Mentions:   Holyoke

    24. MassMutual donation boosts UMass science

      Explore masslive.com (Jun 17 2016)

      MassMutual donation boosts UMass science

      The largest grant ever made by MassMutual to a local or regional initiative is a tremendous boost to the computer science program at the University of Massachusetts. The $15 million grant is a nod to the present but also the future. Most will go to the Center for Data Science and will allow for additional faculty, a doubling of course options and expansion of the master's degree program. The remainder of about $3 million will support the cybersecurity program at UMass Springfield at Tower Square. Announcement of the grant was made June 10.

      (Read Full Article)

      Mentions:   University of Massachusetts   Smith College   MassMutual

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