1. Articles in category: Financial Services

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    1. Longtime TD Bank Executive David Glidden to Take Reins at Liberty Bank

      Longtime TD Bank Executive David Glidden to Take Reins at Liberty Bank

      Connecticut-based Liberty Bank announced that David Glidden will serve as its new president and CEO, effective March 18, succeeding Chandler Howard, who has led the bank since 2007. “We extend a warm welcome to David as he joins Liberty Bank,” said Mark Gingras, chairman of the Liberty Bank board of directors. “After an extensive, nationwide search, we are confident that David’s leadership experience and remarkable achievements will lead Liberty Bank toward a future of continued growth, outstanding customer service, and community involvement.”

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    2. New Valley Bank & Trust names senior staff, board of trustees | masslive.com

      New Valley Bank & Trust names senior staff, board of trustees | masslive.com

      New Valley Bank & Trust Co., the first new bank to open in Springfield in 12 years, announced its board of trustees and key senior staff members Tuesday.  New Valley will have its executive offices and a small walk-up retail branch in the Monarch Place office tower downtown. It is also planning to open a branch office in Sixteen Acres.

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    3. Community Bank reopens renovated Tower Square office in Springfield

      Community Bank reopens renovated Tower Square office in Springfield

      Community Bank cut a ceremonial ribbon Thursday to mark a renovation of its offices in the Tower Square retail mall, and announced $12,500 in donations to three local groups. Springfield Boys & Girls Club received $7,500 and YMCA of Greater Springfield and Big Brothers Big Sisters of Hampden County each received $2,500 in a brief ceremony attended by Springfield Mayor Domenic J. Sarno at the branch office. The bank was once Nuvo Bank & Trust Co., which changed its name in May 2017 to Community Bank following a series of mergers that ended with Community Bank System buying Merchants ...

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    4. New Florence Bank branch in Springfield features fast cash-handling technology, coffee bar (photos, video)

      New Florence Bank branch in Springfield features fast cash-handling technology, coffee bar (photos, video)

      Local officials, employees and stakeholders were on hand Wednesday to officially cut the ribbon on Florence Bank’s newest Pioneer Valley branch on Allen Street in Springfield. The new branch, which officially opened in December, has an open floor plan with two teller pods and technology for quick cash handling. The location also features a drive-up ATM with SMART technology for easy depositing and a comfortable waiting area inside with a coffee bar and free Wi-Fi.

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    5. MassMutual Significantly Expands Suite of Employee Benefits | Business Wire

      MassMutual Significantly Expands Suite of Employee Benefits | Business Wire

      To better meet the needs of a diverse and growing workforce and continue to attract top talent, Massachusetts Mutual Life Insurance Company (MassMutual) has announced a significant expansion of its employee benefit offerings. The introduction of several brand new offerings complements enhancements to existing benefits, providing a comprehensive suite of options available to employees of all ages.

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      Mentions: MassMutual
    6. Florence Bank Unveils Second Hampden County Branch in Springfield

      Florence Bank Unveils Second Hampden County Branch in Springfield

      Florence Bank opened its second Hampden County branch at 1444 Allen St. in Springfield on Dec. 19, and a ribbon-cutting ceremony is slated for Wednesday, Jan. 16 at 9 a.m. “We’re very pleased to be expanding our presence in Springfield,” said John Heaps Jr., Florence Bank’s president and CEO. “Our focus is on providing great customer service and helping to reinvigorate the community.” Bank employees, customers, board members, and corporators will be present for the ribbon cutting, along with invited guests — among them Springfield business and civic leaders, including Mayor Domenic Sarno.

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    7. At bankESB, Growth Continues on a Number of Fronts

      At bankESB, Growth Continues on a Number of Fronts

      In this era of rampant mobile banking, opening a physical branch is a different proposition than it used to be, Matt Sosik said. But it’s still an important one. “At this point in the cycle of our industry, branching has fallen by the wayside a little bit,” said Sosik, president and CEO of bankESB, which recently opened its 11th branch on Sargeant Street in Holyoke — a move that, despite the declining emphasis on bricks and mortar, made a lot of sense. “We feel we’ve been banking with the people of Holyoke for years and years, so Holyoke is ...

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    8. UMassFive College Credit Union Continues to Move Beyond Its Roots

      UMassFive College Credit Union Continues to Move Beyond Its Roots

      As the name suggests, the UMassFive College Credit Union was launched to serve employees at UMass Amherst. But it quickly expanded its mission to the other schools in that region, and then beyond employees of those institutions. Today, the process of expansion and evolution continues, and touches many realms, from new branches to new technology to new member sponsors. In short, those humble beginnings have been left well behind.

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    9. KeyBank appoints new Business Banking relationship manager for the Western Massachusetts Market

      KeyBank appoints new Business Banking relationship manager for the Western Massachusetts Market

      KeyBank announced the appointment of Thomas Tierney as a business banking relationship manager for the Western Massachusetts market. In this role, Mr. Tierney will manage commercial relationships for businesses with annual revenues ranging from $3 million to $20 million. In addition to supporting the bank’s existing client relationships. Tierney will be responsible for generating new business banking opportunities, and expanding commercial loans and deposit relationships for the bank. He will report to Allison Standish-Plimpton who serves as senior vice president and business banking sales leader for KeyBank’s Connecticut and Western Massachusetts markets.

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    10. Florence Bank opens Springfield branch; donates to Greenleaf Community Center (photos)

      Florence Bank opens Springfield branch; donates to Greenleaf Community Center (photos)

      The new office is Florence Bank’s first in Springfield and its second in Hampden County following one that opened at 1010 Union St. in West Springfield in September 2017. Headquartered in the Florence section of Northampton, Florence Bank plans to build two or three more Hampden County branches over the next few years, with at least one starting construction 2019, said President John F. Heaps Jr.

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    11. MassMutual pilots ‘LiveMutual’ philanthropy in North End of Springfield, Memphis

      MassMutual pilots ‘LiveMutual’ philanthropy in North End of Springfield, Memphis

      Live in Springfield’s North End and you might not have a place to cash your paycheck or open a savings account. “We don’t have a bank,” said Jose Claudio, chief operating officer of the New North Citizens Council in Springfield. “There are a lot of barriers. Barriers to jobs. Barriers to budgeting money properly.” With its newly launched “Live Mutual” initiative, MassMutual and the MassMutual Foundation want to help partners in the North End — and eventually in Mason Square and downtown — address a lack of access to financial resources and offer education in handling money, and to improve ...

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    12. Monson Savings Bank Asks for Community Input on Charitable Giving

      For the ninth year in a row, Monson Savings Bank is asking the community to help plan the bank’s community giving activities by inviting people to vote for the organizations they would like the bank to support during 2019. “Every year, we donate over $125,000 to organizations doing important work in the communities we serve,” said Steve Lowell, president of Monson Savings Bank. “For several years now, we’ve been asking the community for input on which groups they’d like us to support. We’ve been so pleased by how many people inquire each year as to ...

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    13. New Valley Bank & Trust has state and federal OK, plans 2 office locations

      New Valley Bank & Trust has state and federal OK, plans 2 office locations

      New Valley Bank & Trust Co., the first new bank to open in Springfield in 11 years, has preliminary OKs from state and federal regulators and plans to open offices in early 2019. Before opening, New Valley Bank & Trust must raise $25 million to $30 million in capital, money it will use to make loans as it begins business, said Jeff Sullivan, New Valley's proposed president and CEO. New Valley has contacted about 500 potential investors.

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    14. Michael Daly Steps Down as President, CEO of Berkshire Hills Bancorp

      Michael Daly stepped down Monday as president, CEO, and director of Berkshire Hills Bancorp, Berkshire Bank’s holding company. Berkshire Bank President Richard Marotta has been named CEO and president of the company and CEO of the bank. Sean Gray, chief operating officer of Berkshire Bank, will replace Marotta as bank president. The move comes a year after the financial institution moved its headquarters from Pittsfield to Boston, and the purchase of Worcester-based Commerce Bank helped grow Berkshire to its current $12 billion in assets, making it the largest independent Massachusetts-based bank.

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      Mentions: Berkshire Bank
    15. MassMutual and the Hampden County Bar Association Legal Clinic expand Pro Bono Partnership

      MassMutual and the Hampden County Bar Association Legal Clinic expand Pro Bono Partnership

      Springfield - Expanding its relationship with the Hampden Country Bar Association (HCBA) Legal Clinic, the MassMutual Foundation, Inc. - a dedicated corporate foundation established by Massachusetts Mutual Life Insurance Company (MassMutual) - announced that it is providing the Hampden County Bar Association more than $300,000 to help underserved residents in the Springfield community access resources and education that will empower them to effectively navigate debt-related legal issues.

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    16. Michael T. Oleksak Joins bankESB as VP of Commercial Lending

      Michael T. Oleksak Joins bankESB as VP of Commercial Lending

      Matthew Sosik, president and CEO of bankESB, announced that Michael T. Oleksak has been hired as vice president of Commercial Lending. Oleksak brings more than 15 years of experience in banking, most recently serving as the vice president of Commercial Lending for Westfield Bank, managing a portfolio of more than $25 million. Before Westfield Bank, Oleksak was the assistant vice president, Business Banking officer at United Bank.

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    17. MassMutual announces $1.72 billion dividend in 2019

      MassMutual announces $1.72 billion dividend in 2019

      Massachusetts Mutual Life Insurance Co. said Monday that its board of directors has approved a record $1.72 billion estimated dividend payout in 2019. It's an increase of more than $125 million more than 2018, and marks the 151st consecutive year that MassMutual will be paying a dividend, according to a news release. The 2017 dividend was $1.6 billion. The 2019 estimated payout reflects a dividend interest rate of 6.4 percent for eligible participating policies, maintaining the same rate as 2018.

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    18. 25 employees laid off at Liberty Mutual in Springfield

      25 employees laid off at Liberty Mutual in Springfield

      Liberty Mutual Friday laid off about 25 employees at its 1 Federal St. office as work is outsourced to "an external partner," a spokesman said. "These changes will impact approximately 25 employees in Springfield who currently perform administrative tasks for field legal offices. These employees will have the opportunity to pursue other job openings at Liberty Mutual, or we will support each of them with outplacement assistance.

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    19. Invesco, MassMutual Announce Strategic Combination of Invesco and OppenheimerFunds

      Invesco Ltd. and MassMutual announced that they have entered into a definitive agreement, whereby Invesco will acquire MassMutual asset-management affiliate OppenheimerFunds Inc. In turn, MassMutual and OppenheimerFunds employee shareholders will receive a combination of common and preferred equity consideration, and MassMutual will become a significant shareholder in Invesco, with an approximate 15.5% stake. This strategic transaction will bring Invesco’s total assets under management to more than $1.2 trillion, making it the 13th-largest global investment manager and sixth- largest U.S. retail investment manager, further enhancing the company’s ability to meet client needs through its comprehensive range ...

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    20. United Bank moves into Webster Bank offices in East Longmeadow, Springfield, West Springfield, closes others

      United Bank moves into Webster Bank offices in East Longmeadow, Springfield, West Springfield, closes others

      United Bank has taken over six Wesbter Bank branches it bought from Webster back in May. The locations, including the West Springfield branch at 50 Elm St.,  the Springfield branch at 1355 Boston Road and an East Longmeadow branch at 62 Center Square, officially became United Bank branches Oct. 9. Signs were changed. The other branches were Waterford and Groton in Connecticut and Westerly, Rhode Island. The bank converted customer accounts over Columbus Day weekend. United's branches at 95 Elm St., West Springfield, 459 Main St. in Indian Orchard and 94 Shaker Road in East Longmeadow have all closed.

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    21. Freedom Credit Union merges with West Springfield Federal Credit Union

      Freedom Credit Union merges with West Springfield Federal Credit Union

      Freedom Credit Union of Springfield announced Monday it is merging with the much smaller West Springfield Federal Credit Union. West Springfield Federal Credit Union will conduct business as Freedom Credit Union, according to the release. The new Freedom Credit Union will have 11 branches -- including the current West Springfield Credit Union Branch at 58 Union St. --  and more than 30,000 members once the merger is completed. The credit unions expect regulatory approval by the end of the year.

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    22. PeoplesBank unveils plan for financial services center at former Yankee Pedlar in Holyoke

      PeoplesBank unveils plan for financial services center at former Yankee Pedlar in Holyoke

      The Planning Board conducted a public hearing and site plan review Tuesday night of PeoplesBank's ongoing renovation of the former Yankee Pedlar Inn at 1850 Northampton St. The bank hired Western Builders as the lead contractor. PeoplesBank paid $1.2 million in September 2017 for the site, which includes the main house and several smaller structures. Crews already demolished the former Opera House, Carriage House and gift shop. Only the Hildreth House, or main building, remains.

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    1-24 of 497 1 2 3 4 ... 19 20 21 »
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