1. Articles in category: Financial Services

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    1. Pittsfield Cooperative Bank Supports Resilience Fund for Farmers

      Pittsfield Cooperative Bank Supports Resilience Fund for Farmers

      Berkshire Agricultural Ventures (BAV) announced it has been awarded a $5,000 grant from Pittsfield Cooperative Bank to support its Resilience Fund for Farmers. This new fund was established in response to the COVID-19 crisis and the resulting impact on local farmers, who are hurting right now as stores, restaurants, and other income-generating avenues like farmers’ markets and CSA are closed or operating in different, logistically challenging ways due to the virus. Despite these challenges, many farmers are reaching out to contribute healthy food to the neediest among us and sell as much as they can directly to consumers.

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    2. Monson Savings Bank Announces New Loan & Operations Center in Wilbraham

      Monson Savings Bank Announces New Loan & Operations Center in Wilbraham

      Because Monson Savings Bank continues to grow by adding new positions and new personnel, and has outgrown some of its spaces, some employees are moving this week into a new, 12,000-square-foot office space on the top floor at 75 Post Office Park in Wilbraham. This location will be the new Monson Savings Bank Loan & Operations Center.

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    3. Rising Food Insecurity Prompts Big Y to Make Second Round of Donations

      Rising Food Insecurity Prompts Big Y to Make Second Round of Donations

      With regional food banks experiencing unprecedented demand, Big Y is providing an additional $125,000 in support to address the rise in food insecurity. With the donations made in March, Big Y has provided $250,000 in financial assistance to area food banks in addition to the healthy surplus food it provides to them on a weekly basis. Using the estimate that every dollar donated provides four meals, the Big Y financial assistance amounts to 1 million meals. “Our goal, our mission, is to feed families,” said Charlie D’Amour, president and CEO of Big Y. “We have people in ...

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    4. Monson Savings Bank Delays Branch Reopenings

      Monson Savings Bank Delays Branch Reopenings

      Although several governments are allowing some businesses to reopen, leaders at Monson Savings Bank feel it is important to keep their employees and customers safe, so, for the health and safety of everyone, the bank’s lobbies will remain closed. Monson Savings Bank will continue to meet the needs of customers with drive-up locations, ATMs, online banking, mobile check deposit, and night drop. Curbside banking and safe deposit are available by appointment at (413) 267-4646.

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    5. Westfield Bank Future Fund Awarded More Than $300,000 in Grants in 2019

      Westfield Bank Future Fund Awarded More Than $300,000 in Grants in 2019

      Westfield Bank announced that the Future Fund, a philanthropic endeavor dedicated to supporting local 501(c)(3) organizations that have a positive impact on the region’s educational, recreational, cultural, and social well-being, awarded more than $300,000 to more than 40 organizations in Western Mass. and Northern Conn. in 2019. Grant recipients included the Boys & Girls Club of Greater Westfield, Domus Inc., Farmington Valley YMCA, Friends of the Holyoke Soldiers Home, Girls Inc. of the Valley, the Boys & Girls Club of Chicopee, Junior Achievement of Southwest New England, Make-A-Wish Massachusetts and Rhode Island, Spirit of Springfield, and the YMCA ...

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    6. From doggy daycare to handyman companies, Citizens Banks issues $15,000 grants to 32 small businesses in Massachusetts

      From doggy daycare to handyman companies, Citizens Banks issues $15,000 grants to 32 small businesses in Massachusetts

      Thirty-two small businesses across Massachusetts will receive $15,000 grants from Citizens Bank, which announced the funding Thursday. As part of its Small Business Recovery grant program the funding can be used for operating costs amid the coronavirus pandemic. The businesses range from restaurants in Boston, transportation companies in Springfield, doggy daycare in Saugus and plumbing in Norwood. “Small businesses are the heartbeat of the American economy, and we are committed to providing them with a vital jolt as they battle the economic implications of the pandemic,” President of Business Banking for Citizens Bank Jack Murphy said in a statement.

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      Mentions: Springfield
    7. Over a dozen Massachusetts banks sat out first round of Paycheck Protection Program loans

      Over a dozen Massachusetts banks sat out first round of Paycheck Protection Program loans

      The vast majority of the 100-plus banks headquartered in Massachusetts worked with customers to secure Paycheck Protection Program loans during the program’s first round of funding, though over a dozen did not participate directly, according to new U.S. Small Business Administration data.Most of the banks that sat out the initial $349 billion round are among the state’s smallest lenders. Businesses whose banks did not participate in the PPP were sometimes left scrambling to find another lender to accept their application, since many institutions prioritized their existing customers during the program’s frenzied rollout.

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    8. Country Bank Makes $50,000 Donation to First Responder Recovery Home

      To help the Hampden County Sheriff’s Department successfully operate the First Responder Recovery Home for COVID-19-diagnosed first responders, Country Bank announced it will contribute $50,000 to the efforts. The contribution from the Ware-based financial institution comes with the aim of inspiring other similar organizations to do what they can to assist the department’s effort to help the people who typically help others. “These are challenging and ever-evolving times as we face the continued uncertainty regarding the COVID-19 pandemic and how it will impact our region,” said Paul Scully, president and CEO of Country Bank. “As a community ...

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    9. Bankers Say Institutions Are Committed to Helping Communities Through the Crisis

      Bankers Say Institutions Are Committed to Helping Communities Through the Crisis

      Steve Lowell called it a “fireside chat.” That’s how he chose to describe his efforts to reach out to customers during this time of crisis and communicate a number of key points. “With my wife holding my phone in front of me and me speaking onto the camera … we put it on our YouTube channel and sent out an e-mail blast with a link to it for our customers to get an update,” said Lowell, president and CEO of Monson Savings Bank, adding that, like the creator of the original fireside chat, Franklin Roosevelt, he used his to talk ...

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    10. Kevin Day Begins a New Phase as President of Florence Bank

      Kevin Day Begins a New Phase as President of Florence Bank

      In some ways, Kevin Day is no stranger to running Florence Bank — he was already overseeing about 90% of its departments as executive vice president, a series of responsibilities he gradually took on after coming aboard as CFO in 2008. So he was a natural choice to succeed John Heaps Jr., who recently stepped down after 25 years as president. Day’s mandate is simple — keep a bank known for its steady, organic growth moving forward, and keep cultivating the culture of teamwork that allows such growth to occur.

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    11. Behavioral Health Network Receives $15,000 Grant From Country Bank

      Behavioral Health Network Receives $15,000 Grant From Country Bank

      Behavioral Health Network Inc. (BHN) has been awarded a $15,000 grant from Country Bank, which will fund direct services for BHN’s domestic-violence programs in Ware. Country Bank’s grant to BHN will be used for innovative support and advocacy services for domestic-violence survivors, which includes partnering with Country Bank employees in offering the economic-freedom initiative known as Money School. BHN’s Money School program is an award-winning, trauma-informed financial-independence initiative designed to create long-term safety and economic security for survivors of domestic violence.

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    12. PeoplesBank, Holyoke Craft Beer to Unveil PeoplesStout at Release Party Today

      PeoplesBank, Holyoke Craft Beer to Unveil PeoplesStout at Release Party Today

      PeoplesBank has found a new way to celebrate its founding on St. Patrick’s Day in 1885, its deep Holyoke roots, and its support of the Holyoke St. Patrick’s Road Race and Parade: a new local beer called PeoplesStout. The bank partnered with Holyoke Craft Beer to produce PeoplesStout, an Irish stout featuring the traditional warm, roasty character one would expect in a traditional Irish stout, with a subtle twist. It is brewed from mostly local ingredients, including barley from Valley Malt in Hadley.

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      Mentions: Holyoke
    13. MassMutual plans to expand parking lots, internal roads at Springfield headquarters

      MassMutual plans to expand parking lots, internal roads at Springfield headquarters

      MassMutual is asking the city for zoning changes so it can expand surface parking lots and the internal road system at its State Street headquarters. The insurance giant has asked the city to change the zoning from Residence B classification to Commercial P on properties it owns on Buchholz, Providence and Clarence streets, according to legal notices printed in The Republican as part of the zone change process. The side-street properties are all part of MassMutual’s 89-acre campus.

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    14. Florence Bank Tops $1.2 Million in Customers’ Choice Community Grants Program

      Florence Bank Tops $1.2 Million in Customers’ Choice Community Grants Program

      When parents believe their child is headed down the wrong path, they often panic. That’s why it’s essential to have organizations like the CARE Coalition of West Springfield. As a nonprofit focused on the prevention of youth substance abuse, staff there can answer questions, provide recommendations, and tell parents where to get help. For the first time this year, the CARE Coalition will receive a $1,232 grant from Florence Bank through its Customers’ Choice Community Grants Program during the 18th annual event, to be held Tuesday, March 10 from 5 to 7 p.m. at the Garden ...

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    15. Bank of America Entrusts More Than $22 Million to Community Foundation

      Bank of America Entrusts More Than $22 Million to Community Foundation

      After collaborating with the Community Foundation of Western Massachusetts (CFWM) for 29 years, the Bank of America in May transferred three trusts totaling more than $22 million to the Valley-wide grant funder. The move brings CFWM’s total earned assets from roughly $153 million to $175 million and bolsters its role as an enduring philanthropic leader in the Pioneer Valley. “That the Bank of America has enough faith in us and what we can do, and in our ability to effectively administer funds, acknowledges that we are truly a leader of philanthropy in the Pioneer Valley,” said Elizabeth Sillin, trustee ...

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    16. HUB International Continues to Grow Its Footprint in the Region

      HUB International Continues to Grow Its Footprint in the Region

      When FieldEddy Insurance entered the HUB International family a little over five years ago, it traded a name with a rich regional history for one backed by the resources of a large corporation. The result has been the best of both worlds — HUB’s clout improves the office’s ability to grow specific niches through talent development, while the company is still able to focus on local needs with an emphasis on building deeper relationships with customers.

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    17. 'The un-office office’: MassMutual revamps State Street headquarters as it grows in Springfield and Boston

      'The un-office office’: MassMutual revamps State Street headquarters as it grows in Springfield and Boston

      The oldest Massachusetts Mutual Life Insurance policy that’s yet to be claimed belongs to a 103-year-old man in Pennsylvania. Taken out in 1928, the policy has been in force for 92 years. “Which means someone, a parent or a grandparent, took out that policy in that insured man’s name when he was 11,” says Roger W. Crandall, MassMutual’s chairman, president and CEO.

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    18. Florence Bank President John Heaps retiring in May; Kevin Day named successor

      Florence Bank President John Heaps retiring in May; Kevin Day named successor

      Florence Bank President and CEO John F. Heaps Jr. announced Wednesday that he will retire in May after 25 years. Heaps, 71, is the longest-serving CEO in the 147-year history of Florence Bank. Florence Bank is headquartered in the Florence section of Northampton. It’s a mutual bank, owned by its depositors.

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    19. Monson Savings Bank Announces 2020 Scholarship Program

      Monson Savings Bank Announces 2020 Scholarship Program

      The 2020 Monson Savings Bank scholarship application is now available to graduating high-school seniors residing in Hampden and Wilbraham. Applications are available at 15 Somers Road, Hampden, and 100 Post Office Park, Wilbraham. The purpose of the Monson Savings Bank scholarship is to promote the attainment of higher education for graduating seniors who reside within the bank’s footprint. Three $2,000 scholarships will awarded to graduating seniors who reside in Hampden or Wilbraham. Graduating seniors must be planning to attend an accredited college, technical school, or certification program. Scholarship awards will be based on the applicant’s financial need ...

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    20. Steve Lowell to Step Down in 2021 as Monson Savings Bank President

      Steve Lowell to Step Down in 2021 as Monson Savings Bank President

      Steve Lowell, who has served as president of Monson Savings Bank (MSB) for the last nine years, announced his retirement effective February 2021. He is looking forward to continuing to serve in a vital role with the bank as chairman of the board. The bank’s board of directors announced that Daniel Moriarty Sr. has been named the bank’s president effective February 2021. Moriarty has been with MSB for 22 years, serving as senior vice president and chief financial officer since 2011. He joined the bank in 1998 as an accounting manager, became controller in 2002, assistant vice president ...

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    21. bankESB and Its Employees Support United Way of Hampshire County

      bankESB and Its Employees Support United Way of Hampshire County

      Matthew Sosik, president and CEO of bankESB, announced that the bank recently donated $61,000 to the United Way of Hampshire County. The bank directly pledged $25,000, while the bank’s employees contributed another $36,000 of their own funds in support of the United Way’s workplace campaign. That campaign provides employees with the opportunity to donate and direct funds, volunteer time, and advocate for causes that are most important to them.

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