1. Articles in category: Financial Services

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    1. United Bank Cuts Ribbon at
Monarch Place Location

      United Bank Cuts Ribbon at
Monarch Place Location

      Joined by Springfield Mayor Domenic Sarno, Paul Picknelly, president of Monarch Enterprises, Jeff Lomma of the Springfield Regional Chamber of Commerce and other guests, a team of United Bank employees officially cut the ribbon to its new location   at 1414 Main Street- One Monarch Place on Thursday. Earlier this year, the bank moved its branch from 115 State St. into the first floor of One Monarch Place, the signature office tower in Springfield. Thursday marked its ceremonial opening of the new branch location. United Bank noted several reasons why they wanted to relocate to One Monarch Place, including creating a ...

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    2. People's United Bank buys Farmington Bank in $544 million deal

      People's United Bank buys Farmington Bank in $544 million deal

      The parent company of People's United Bank announced this week that it is buying the holding company of Farmington Bank in an all-stock transaction valued at $544 million. The deal consolidates two Connecticut banks that have moved into the Western Massachusetts market in recent years and continues a longtime trend of banks buying each other out to gain market share in a marketplace that is not growing. Farmington Bank, founded in Farmington, Connecticut, in 1851, moved into the Western Massachusetts market four years ago, opening a West Springfield branch in 2014 and one in East Longmeadow a year later.

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    3. Florence Bank Breaks Ground on New Springfield Branch

      Florence Bank Breaks Ground on New Springfield Branch

      Florence Bank broke ground last week on its second Hampden County branch, at 1444 Allen St. in Springfield, and leaders said the full-service location will open later this year. “We’re coming to Springfield,” John Heaps Jr., Florence Bank’s president and CEO, told a crowd of roughly 50 people who gathered for the celebratory event. “Our focus is on our customers and on helping to reinvigorate the community.” Heaps grew up in the Springfield area, and he said the expansion into Springfield “is like coming back home. I used to hang around here. This feels great.”

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    4. Samuel Adams Brewing the American Dream and Common Capital, Inc.

      Samuel Adams Brewing the American Dream and Common Capital, Inc. are excited to bring a Speed Coaching event to Holyoke! The event will kick off with a networking reception at 6:00. During the reception you will have the opportunity to network with other entrepreneurs and sign up for the consulting stations that are most relevant to your business such as: 
      Marketing and E-Commerce 
      Packaging 
      Sales and Distribution 
      Business Financing 
      Legal Advice for Your Business

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    5. United Bank Announces Purchase of Six Bank Branches

      United Bank announced it has entered into an agreement with Webster Bank, N.A. of Waterbury, Conn. to purchase six branches located in Connecticut, Massachusetts, and Rhode Island. United Bank will assume approximately $120 million of branch deposits in the transaction, which is expected to close in the fall of 2018, pending regulatory approval. Under the terms of the agreement, the following six Webster Bank branches will be purchased by United Bank, and employees at those branches are expected to join the United Bank team: 50 Elm St., West Springfield; 1355 Boston Road, Springfield; 62 Center Square, East Longmeadow; 124B ...

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    6. People in Business: Florence Bank hires Nikki Gleason, of Monson, to serve as Vice President/Branch Manager of new Springfield branch

      People in Business: Florence Bank hires Nikki Gleason, of Monson, to serve as Vice President/Branch Manager of new Springfield branch

      Florence Bank has hired Nikki Gleason, of Monson, to serve as vice president/branch manager of the bank's new Springfield location, slated to open this year. Gleason studied accounting at Springfield Technical Community College and completed the program at the New England School of Financial Studies at Babson College. She is a board member for Greater Springfield Habitat for Humanity as well as a fundraising committee member for Revitalize Community Development Corporation of Springfield. She will work in the bank's second Hampden County branch at 1444 Allen St., Springfield.

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    7. United Bank to close 3 Western Mass. locations following purchase of 6 Webster Bank branches

      United Bank to close 3 Western Mass. locations following purchase of 6 Webster Bank branches

      United Bank will close three existing branches in West Springfield, the Indian Orchard section of Springfield and in East Longmeadow after buying nearby locations from Webster Bank of Waterbury, Connecticut.  United Bank, headquartered in Hartford, announced Tuesday that it has purchased six Webster Bank locations.

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    8. PeoplesBank Series Takes Viewers on a Rollercoaster Ride

      PeoplesBank Series Takes Viewers on a Rollercoaster Ride

      Throughout its 133-year history, PeoplesBank has touted innovation as one of its core values. But until very recently, this emphasis on innovation has been focused inward, on products, services, and ways of doing business. With a new program, called, appropriately enough, the Innovation Series, the bank is turning that focus outward, telling stories of entrepreneurship with the broad goal of inspiring more of it.

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    9. Florence Bank Recognized at Statewide Banking Choice Awards

      Florence Bank Recognized at Statewide Banking Choice Awards

      Florence Bank recently earned four industry honors at the first annual Banking Choice Awards in areas such as quality and service, with recognition based on an independent survey of customer feedback. At the event on April 26 at Boston’s Omni Parker House, Florence Bank ranked first in the Western Mass. region in Overall Quality, Customer Service, and Technology, and second in Community Contribution. “These rankings came from an independent survey performed by a recognized leader in tracking and measuring the customer experience,” President and CEO John Heaps said.

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      Mentions: John Heaps
    10. MassMutual Responds to a Changing Landscape

      MassMutual Responds to a Changing Landscape

      Over the course of its 167-year history, MassMutual has successfully responded to changes in society and also in how business is conducted. Today, the pace of change has accelerated greatly, but the company is answering with new strategic initiatives involving everything from the design of workspaces to how individuals apply for life insurance. They call it ‘State and Main.’ MassMutual built its former headquarters building in Springfield at that very intersection, so that may have something to do with that name. But it’s more likely a reference to the fact that this is where two of the main spines ...

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    11. Investors unveil New Valley Bank & Trust Co., 1st new Massachusetts bank since 2009 and...

      Investors unveil New Valley Bank & Trust Co., 1st new Massachusetts bank since 2009 and...

      Sixty Springfield-area investors, led by Frank Fitzgerald, who founded Bank of Western Massachusetts here in 1986, are in the process of organizing a new bank -- with a name sure to be familiar to many -- to be headquartered in Springfield. "It's remarkable the support we've gotten so far," Fitzgerald said in an interview with The Republican / MassLive.com, referring to the group's as-yet-unnamed investors. "This is a broad-based group. We don't want one big owner. We want lots of investors and no one owning a big percentage of this thing." Fitzgerald; Jeff Sullivan, a veteran of both ...

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    12. Westfield Bank to open second Springfield branch in July

      Westfield Bank to open second Springfield branch in July

      Westfield Bank will open a full-service branch office at 1342 Liberty St. in Springfield in July 2018. The Liberty Street office currently has a 24-hour ATM but will be operated as a full-service branch with lobby and drive-up banking, a drive-up ATM, and banking specialists doing business banking, residential mortgages, and investment and insurance services (via Westfield Financial Management Services). Construction is already underway, with renovations expected to be completed in late June or early July, Westfield Bank said Monday.

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    13. PeoplesBank Issues 2018 Corporate Green Report - BusinessWest

      PeoplesBank Issues 2018 Corporate Green Report - BusinessWest

      PeoplesBank issued its 2018 annual Corporate Green Report in recognition of Earth Day 2018. 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, and 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.  “Our green values date back to when we helped Holyoke Gas & Electric replace hydroelectric generators years ago,” said Thomas Senecal, president and CEO of PeoplesBank. “That sustainable-energy ...

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    14. Westfield Bank relocating within Springfield's Tower Square

      Westfield Bank relocating within Springfield's Tower Square

      Westfield Bank is preparing to move from one space on the first floor of Tower Square to another. The current Westfield Bank office will go back on the market as available space for a new tenant, said Annette Scheidecker, director of marketing for Tower Square. Westfield Bank's current office space is just inside one of the Tower Square Main Street entrances. The new location is deeper inside the complex

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    15. Florence Bank to Present Customers’ Choice Community Grants

      Florence Bank to Present Customers’ Choice Community Grants

      Florence Bank will present the awards in its 16th annual Customers’ Choice Community Grants Program at an event slated for Wednesday, March 21. Contributions through the program will reach the $1.05 million mark in terms of grants made to community nonprofits over almost two decades. Representatives from 57 nonprofits receiving funds will be present at the Garden House at Look Park from 5 to 7 p.m. to accept the grants, view photographs and displays from previous Customers’ Choice events, and sample hors d’oeuvres by Seth Mias Catering. The grant amounts will be announced that evening. The Customers ...

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    16. Monson Savings Continues to Prove a Small Bank Can Thrive

      Monson Savings Continues to Prove a Small Bank Can Thrive

      Since taking over as president of Monson Savings Bank seven years ago, Steven Lowell has overseen an impressive growth pattern, including striking success in commercial lending and ever-rising assets. He credits that success to a number of factors, from a willingness to embrace technology to a customer-focused culture to an emphasis on financial literacy aimed at making sure the customers of tomorrow are well-positioned to share in the bank’s success.

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    17. Baker, Neal, Boston Fed president headline Outlook gathering

      Baker, Neal, Boston Fed president headline Outlook gathering

      The Springfield Regional Chamber of Commerce expects 650 attendees at the MassMutual Center Friday to hear Boston Fed President Eric Rosengren, U.S. Rep. Richard E. Neal, D-Springfield, and Gov. Charlie Baker offer their perspectives on the state of business in the commonwealth. The chamber's Outlook 2018 luncheon is sold out, the chamber said Wednesday. Rosengren's office said Wednesday that he will also meet Friday with Springfield Works, a Springfield workforce development plan funded through the Federal Reserve Bank of Boston's Working Cities Challenge project.

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    18. How did MassMutual and the state work out deal for Springfield expansion?

      How did MassMutual and the state work out deal for Springfield expansion?

      MassMutual executives had already decided to vacate and sell their Connecticut campus before they received a $46 million incentive package from the state of Massachusetts to consolidate in Springfield. Executives at the insurance giant also told this state's top economic development official that the 1,500 jobs just south of the border in Enfield -- and their $100,000-a-year salaries -- could have gone to North Carolina or Tennessee instead. Massachusetts officials spent months convincing MassMutual to keep those jobs in Greater Springfield and to expand in Massachusetts, according to documents obtained by The Republican through a public records request.

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    19. PeoplesBank's 'Innovation Series' videos spotlight entrepreneurs in Pioneer Valley | masslive.com

      PeoplesBank's 'Innovation Series' videos spotlight entrepreneurs in Pioneer Valley | masslive.com

      When Joseph Skinner and other civic leaders in Holyoke set out more than a century ago to establish the mutual savings bank that would become PeoplesBank, they exemplified the true spirit of collaboration and innovation.  Fast forward to 2018, and PeoplesBank holds true to those tenets as it continues its founders' mission.  'One of the reasons we are thriving is because of that collaboration and that connection to the community,' says Thomas Senecal, president and CEO of Peoples Bank. 'As a mutual institution, that's exactly what it was. Joseph Skinner got together a group of people who formed a ...

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      Mentions: Holyoke
    20. Westfield Bank takes stock, eyes growth after merger

      Westfield Bank takes stock, eyes growth after merger

      Sometimes bank mergers mean fewer branches, with locations closed or consolidated in the name of eliminating redundancy. But Westfield Bank and Chicopee Savings didn't close any locations in their $110 million merger. The deal, which created a larger Westfield Bank, became official in October 2016. Westfield Bank completed the transition and changed signs on all the branch locations in December of that year.

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    21. People in Business: Michael E. Tucker has been named a Class A Director of the Federal Reserve Bank of Boston

      People in Business: Michael E. Tucker has been named a Class A Director of the Federal Reserve Bank of Boston

      Michael E. Tucker has been named a Class A Director of the Federal Reserve Bank of Boston. Tucker is president, chief executive officer, and director of Greenfield Cooperative Bank and its parent company, Greenfield Bancorp MHC, a position he has held since 2003. A lawyer by training, Tucker began his career at the Springfield Institution for savings, where he later served as senior vice president and general counsel.

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    22. UnitedBank opens new downtown Springfield branch at Monarch Place

      UnitedBank opens new downtown Springfield branch at Monarch Place

      Saying it wanted a presence in the heart of Springfield's financial district, United Bank opened its new branch Monday in the Monarch Place office and hotel tower at Main Street and Boland Way in Springfield. Monday was the first day of operations at the new branch office. The bank's former downtown Springfield office a few blocks away on State Street has already closed.

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    23. Berkshire Hills Announces Employee and Community Investments - BusinessWest

      Berkshire Hills Announces Employee and Community Investments - BusinessWest

      “Berkshire’s unique culture is built on the recognition that our employees are our most important asset,” CEO Mike Daly said. “As an organization, we believe that taking care of our employees leads to more satisfied customers, healthier communities, and higher returns to shareholders. We’re pleased to have the opportunity to further reward the team for their hard work and dedication to our customers, while also investing in their long-term professional development and furthering our overall commitment to the communities we serve.”

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    24. Berkshire Bank Launches $52,500 Scholarship Program

      Berkshire Bank Launches $52,500 Scholarship Program

      Berkshire Bank announced it will honor 35 high-school seniors across Massachusetts, New York, Connecticut, Vermont, New Jersey, and Pennsylvania for their volunteer service with Berkshire Bank scholarships. The scholarships recognize students who excel academically, have a financial need, and share the bank’s commitment to community service. Additionally, students must attend a high school that is located in a county with a Berkshire Bank or Commerce Bank office. The recipients will share in $52,500 in scholarship funds.

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      Mentions: Berkshire Bank
    1-24 of 467 1 2 3 4 ... 18 19 20 »
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  3. Organizations in the News

    1. (1 articles) American International College
    2. (1 articles) Greenfield Savings Bank
    3. (1 articles) Springfield Technical Community College
    4. (1 articles) MassDevelopment
    5. (1 articles) People's United Bank
  4. Government Officials in the News

    1. (2 articles) Domenic J. Sarno
    2. (1 articles) Kevin Kennedy
  5. Western Mass Cities in the News

    1. (3 articles) Springfield
    2. (2 articles) West Springfield
    3. (2 articles) Northampton
    4. (2 articles) Holyoke
    5. (1 articles) Easthampton
    6. (1 articles) Chicopee
    7. (1 articles) Greenfield
    8. (1 articles) Westfield
    9. (1 articles) Amherst
  6. Western Mass EDC Staff Members in the News

    1. (1 articles) Rick Sullivan
  7. Companies in the News

    1. (2 articles) United Bank
    2. (1 articles) Monson Savings Bank
    3. (1 articles) Chicopee Savings Bank
    4. (1 articles) Berkshire Bank
    5. (1 articles) First Niagara Bank
    6. (1 articles) Monarch Enterprises
    7. (1 articles) Westfield Bank
    8. (1 articles) Hampden Bank
    9. (1 articles) Bank of America
  8. Western Mass EDC Board of Directors in the News

    1. (1 articles) John Heaps
    2. (1 articles) Paul C. Picknelly