1. Articles in category: Financial Services

    1-24 of 354 // 1 2 3 4 ... 13 14 15 »
    1. Santander Bank branch at MassLive Building in downtown Springfield closing July 10 | masslive.com

      Explore masslive.com (May 28 2015)

      Santander Bank branch at MassLive Building in downtown Springfield closing July 10 | masslive.com

      The Santander Bank branch at 1350 Main St. is shutting down.  The location inside One Financial Plaza, where MassLive also has its offices, is closing its doors effective Friday, July 10.  Customers are being directed to the branch at 590 Sumner Ave. Hours are Monday through Wednesday from 9 a.m. to 3 p.m., Thursday and Friday from 9 a.m. to 5 p.m., Saturday from 9 a.m. to 1 p.m. and closed on Sunday.

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      Mentions:   Springfield

    2. Nuvo Bank, last Springfield-based bank, acquired by Merchants Bank of Vermont | masslive

      Explore masslive.com (Apr 28 2015)

      Nuvo Bank, last Springfield-based bank, acquired by Merchants Bank of Vermont | masslive

      - Nuvo Bank & Trust Co. will be sold to Merchants Bancshares, Inc. of South Burlington, Vermont for $21.8 million or $7.15 cents a share.  Nuvo opened in April 2008 just as the worldwide banking crisis hit hard and was the first new bank company founded in Springfield in two decades.  Nuvo had only one office in the retail area of Tower Square to be close to the city's legal and accounting offices. The company isfocused on business, commercial and industrial loans, rather than retail banking like household checking accounts, although those types of accounts are available.

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      Mentions:   West Springfield   Berkshire Bank   Springfield

    3. United Bank reports $13 million net income, 12-cent dividend | masslive.com

      Explore masslive.com (Apr 22 2015)

      United Bank reports $13 million net income, 12-cent dividend | masslive.com

      United Bank of West Springfield, Massachusetts, and Rockville Bank of Connecticut announced a $369 million merger in November 2013, and the merger became final on April 30, 2014. That's why earnings for the combined banks are being compared with Rockville's 2014 results.

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      Mentions:   West Springfield   Springfield   United Bank

    4. Florence Bank Names Henry Downey VP of Commercial Lending | BusinessWest

      Explore BusinessWest (Apr 14 2015)

      Florence Bank, a mutually owned savings bank serving the Pioneer Valley through nine branch locations, announced the appointment of Henry Downey to the position of vice-president of Commercial Lending.  Downey comes to Florence Bank with more than a decade’s banking experience, most recently at Chicopee Savings Bank, where he served as senior vice president and team leader in the Commercial Lending department. His duties there included managing a commercial-lending team and an extensive loan portfolio. His experience also includes serving as assistant vice president and commercial and loan officer at TD Bank in Springfield, and as an analyst at ...

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      Mentions:   TD Bank   Springfield   Chicopee

    5. MassMutual to Provide More Than $100,000 to Junior Achievement to Expand Financial Literacy Programs | masslive

      Explore masslive.com (Mar 18 2015)

      MassMutual to Provide More Than $100,000 to Junior Achievement to Expand Financial Literacy Programs | masslive

      Massachusetts Mutual Life Insurance Company (MassMutual) today announced that for the third straight year it will provide more than $100,000 to Junior Achievement USA (JA) to provide financial literacy programs to young people in 12 communities across the United States.  'Learning how to make smart money and education decisions at a young age is one of the biggest influences on future financial success,' said Nick Fyntrilakis, Vice President, Community Responsibility, MassMutual. 'We are proud to support Junior Achievement to empower students to take control of their financial future.'

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      Mentions:   MassMutual   Springfield   Nick Fyntrilakis

    6. Hampden Bancorp Stockholders Approve Berkshire Hills Merger | BusinessWest

      Explore BusinessWest (Mar 13 2015)

      Hampden Bancorp Stockholders Approve Berkshire Hills Merger | BusinessWest

      Hampden Bancorp Inc. announced that its stockholders have voted to approve the previously announced merger of Hampden with Berkshire Hills Bancorp Inc. The companies expect to complete the merger in April 2015, although there can be no assurance that the closing will occur then. Consummation of the merger is subject to approval by state and federal regulatory agencies.  On Nov. 4, Hampden and Berkshire announced that they had entered into a definitive merger agreement under which Berkshire will acquire Hampden and its subsidiary, Hampden Bank, in an all-stock transaction. Under the terms of the merger agreement, each outstanding share of ...

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      Mentions:   Springfield

    7. MassMutual exec: 2014 earnings result of customer focus | masslive

      Explore masslive.com (Mar 2 2015)

      MassMutual exec: 2014 earnings result of customer focus | masslive

      The success MassMutual experienced in 2014 and announced Thursday resulted from a focus on the customer, said Michael Rollings, executive vice president and chief financial officer.  'Like anything, success has a lot of drivers here,' Rollings said. 'We've got a diverse book of business.'  MassMutual said Thursday that its net gain from operations before policy owner dividends and taxes – the company's primary earnings measure as a mutual company – was up 27 percent to $2.2 billion.

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      Mentions:   MassMutual   Springfield

    8. MassMutual Financial Group announces 27 percent earnings jump for 2014 | masslive

      Explore masslive.com (Feb 26 2015)

      MassMutual Financial Group announces 27 percent earnings jump for 2014 | masslive

      MassMutual Financial Group announced year-end results for 2014 Thursday.  Net gain from operations before policyowner dividends and taxes – the company's primary earnings measure as a mutual company – was up 27 percent to $2.2 billion, MassMutual said in a news release. In 2013, this primary earnings measure was $1.8 billion, down from $2.1 billion in 2012.

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      Mentions:   MassMutual   Springfield   The Republican

    9. MassMutual partners with Mount Holyoke College, Smith College on data science initiative for women | masslive

      Explore masslive.com (Feb 13 2015)

      MassMutual partners with Mount Holyoke College, Smith College on data science initiative for women | masslive

      Data science, the emerging field of statistics that uses high-tech tools to crunch numbers and analyze everything from health care outcomes to Shakespeare's plays, got a boost Thursday at nearby women's schools Smith College and Mount Holyoke College from MassMutual Financial Group.  Smith College Provost Katherine Rowe said that data science is stretching across all areas of study and at Smith, data science allows scholars to apply computing power and modeling software to data sets.

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      Mentions:   Smith College   MassMutual   Mount Holyoke College

    10. Berkshire Bank announces $1.5 million in grants | masslive

      Explore masslive.com (Feb 5 2015)

      Berkshire Bank announces $1.5 million in grants | masslive

      Berkshire Bank Foundation awarded a total of $1,518,133 in grants to non-profit organizations in Massachusetts, New York, Connecticut and Vermont during 2014, the bank said Thursday in a news release.  The grants supported important education and community development initiatives as well as health and human service and cultural programs. In addition, Berkshire Bank provided $500,622 in community sponsorships, raising Berkshire's total contributions in the community to over $2 million.

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      Mentions:   Berkshire Bank

    11. Springfield on the rise: Freedom Credit Union moves into new downtown operations center | masslive

      Explore masslive.com (Jan 29 2015)

      Springfield on the rise: Freedom Credit Union moves into new downtown operations center | masslive

      Freedom Credit Union is moving employees into its new 12,000-square-foot operations center at 77 Boylston St., behind its main offices on Main Street as it grows in a changing marketplace for loans and saving and checking accounts.  The new office space, located in a former Hampden County Physician Associates location, cost $2.1 million including purchase of the property, Freedom Credit Union President and CEO Barry F. Crosby said.

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      Mentions:   West Springfield   Springfield

    12. United Bank announces earnings of 3 cents per share with merger expense; stock takes tumble | masslive

      Explore masslive.com (Jan 28 2015)

      United Bank announces earnings of 3 cents per share with merger expense; stock takes tumble | masslive

      United Bank announced financial results Tuesday reflecting its expenses from merging with Rockville Bank and from the planned closure of branches both in Massachusetts and Connecticut.  United Bank, which kept United's name but has Rockville's corporate structure, had net income of $1.4 million, or 3 cents per share, for the quarter ended December 31, 2014. This is compared to Rockville’s net income of $1.8 million, or 7 cents per share, for the quarter ended December 31, 2013

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      Mentions:   West Springfield   Northampton   United Bank

    13. UMass Five College Credit Union opens branch at Mercy Medical Center in Springfield | masslive

      Explore masslive.com (Jan 22 2015)

      UMass Five College Credit Union opens branch at Mercy Medical Center in Springfield | masslive

      UMassFive College Federal Credit Union has opened a branch at Mercy Medical Center in Springfield following the credit union's merger with the Credit Union of the Providence System.  The branch is at the Mercy Medical Center at the Weldon Rehabilitation Hospital in Springfield, at 233 Carew Street in Room 110.

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      Mentions:   University of Massachusetts   Springfield   Amherst

    14. Girls Who Code comes to Springfield to get young women interested in technology careers | masslive

      Explore masslive.com (Jan 20 2015)

      Girls Who Code comes to Springfield to get young women interested in technology careers | masslive

      MassMutual is bringing Girls Who Code, a national group aiming to bring more young women into lucrative tech careers, to Springfield this summer.  It is the first time Girls Who Code will be in Springfield. The program is expanding 19 seven-week summer immersion programs that served 375 girls in 2014 to 60 programs reaching 1,200 girls in 2015.

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      Mentions:   MassMutual   Springfield

    15. Berkshire Bank announces 30 scholarships | masslive

      Explore masslive.com (Jan 8 2015)

      Berkshire Bank announces 30 scholarships | masslive

      Berkshire Bank has announced it will honor 30 high school seniors in Massachusetts, New York, Connecticut and Vermont through its annual Scholarship Awards Program.
      The Program will award $45,000 in total scholarship dollars to students who have demonstrated community service through their volunteer efforts, have been successful academically and have a financial need. Additionally, students must attend a high school that is located in a community with a Berkshire Bank office or in a community primarily served by a Berkshire Bank office.

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      Mentions:   Berkshire Bank

    16. PeoplesBank named a Top Place to Work by the Boston Globe | masslive.com

      Explore masslive.com (Dec 4 2014)

      PeoplesBank named a Top Place to Work by the Boston Globe | masslive.com

      The Boston Globe recognized PeoplesBank as a Top Place To Work for the third year in a row. Massachusetts-based companies that are eligible for Top Place To Work consideration undergo a rigorous evaluation by survey firm WorkplaceDynamics.

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    17. Florence Bank opens new Hadley office at 377 Russell Street | masslive

      Explore masslive.com (Nov 18 2014)

      Florence Bank opens new Hadley office at 377 Russell Street | masslive

      Florence Bank CEO John F. Heaps, Jr. and Bank officials were joined by Massachusetts State Senator Majority Leader Stan Rosenberg, State Representative John Scibak, Town of Hadley Town Administrator David Nixon, and Amherst Chamber Executive Director Don Courtemanche, along with customers, friends and supporters who turned out to welcome the Bank to its new home

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      Mentions:   Amherst   The Republican   Don Courtemanche

    18. Berkshire Bank, soon to take over Hampden Bank, thinks of itself as a bigger hometown bank, not the dreaded "big bank" | masslive

      Explore masslive.com (Nov 6 2014)

      Berkshire Bank, soon to take over Hampden Bank, thinks of itself as a bigger hometown bank, not the dreaded "big bank" | masslive

      With $7.1 billion in assets, Pittsfield-based Berkshire Bank sounds pretty big, especially to someone used to dealing with Hampden Bank and its $700 million in assets.  But as, Michael P. Daly, president and chief executive officer of Berkshire Bank said, Berkshire regularly competes in the Greater Springfield market with banks that have $100 billion in assets.  'Many of them don't even have headquarters in the United States,' he said. 'We are a regional bank. But we are still a local bank.'

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      Mentions:   Berkshire Bank   Springfield   Northampton

    19. MassMutual announces $1.6 billion dividend, maintains dividend interest rate of 7.10 percent | masslive

      Explore masslive.com (Nov 3 2014)

      MassMutual announces $1.6 billion dividend, maintains dividend interest rate of 7.10 percent | masslive

      MassMutual, announced Monday an estimated dividend payout of $1.6 billion for 2015.  It is the third consecutive year of record dividends at Springfield-based Massmutual. That works out to an interest rate of 7.10 percent paid to eligible permanent life insurance policies and annuities. The rate was also 7.10 percent a year ago.  Of the estimated $1.6 billion dividend payout, an estimated $1.55 billion has been approved for eligible participating policyowners who have purchased whole life insurance, MassMutual said.

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      Mentions:   MassMutual   Springfield

    20. 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

    21. 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

    22. 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

    23. 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

    24. 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

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