1. Articles in category: Financial Services

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    1. Summer opening eyed for $1 million bankESB in Holyoke

      Summer opening eyed for $1 million bankESB in Holyoke

      BankESB officials expect to open by summer a branch under construction at Sargeant and Beech streets in a $1 million project that will provide seven to eight new jobs, a spokeswoman said Wednesday. "We believe strongly in the future of the city and we're excited to be a part of that progress forward," President and CEO Matthew S. Sosik said in a press release. A groundbreaking was held on Oct. 31 and construction should be done and the branch open in the summer. An exact date has yet to be determined, said Cara M. Del Tatto, bankESB interactive marketing ...

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    2. Springfield's historic Hampden Savings Bank building once again for sale

      Springfield's historic Hampden Savings Bank building once again for sale

      The onetime headquarters of Hampden Savings Bank at 1665 Main St. in downtown Springfield is once again for sale. The 1,800-square-foot space was built by the bank, now part of Berkshire Bank, 99 years ago for $100,000 -- nearly $2 million in today's money. It is on the National Register of Historic Places. Most recently it was the law office of Barry Kaufman, and before that it was the office of him and his father, Kaufman & Kaufman. The building has housed law offices since 1965, Barry Kaufman said.

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    3. United Bank Steps Up Its Presence in Downtown Springfield

      United Bank Steps Up Its Presence in Downtown Springfield

      On paper — and on a map — it’s only a few blocks, really. But United Bank’s relocation of its office in downtown Springfield, from the corner of Main and State streets to the front of Monarch Place, constitutes a major move in all other respects. The new address — formerly home to a Bank of America branch that closed its doors several months ago — is projected to bring everything from much greater visibility to significantly higher foot traffic, to a likely surge in commercial-side market share as business owners based in the center of downtown take advantage of another bank ...

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    4. Ameriprise of South Hadley Relocates, Changes Name, Expands Team

      Stephen Duval, a private wealth advisor with Ameriprise Financial Services Inc., recently announced he has moved his practice to a new location at 551 Newton St. and changed its name to Summit House Wealth Partners. Duval has also expanded his team of financial advisors by one. A certified financial planner, Duval moved his office in June from 130 College St., and colleague Justin Osowiecki, a financial advisor, made the transition with him. At the same time, Duval partnered with Edward Boscher, who is also now serving clients as a Summit House Wealth Partners financial advisor.

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    5. Florence Bank begins push into Hampden County with grand opening of new West Springfield branch (photos)

      Florence Bank begins push into Hampden County with grand opening of new West Springfield branch (photos)

      If Florence Bank had built its newly opened West Springfield office a decade ago instead of in 2017, it would have been three times bigger than its 1,100 square feet. The bank of a decade ago would have needed teller lines and counter space for the types of routine day-to-day transactions many bank customers do online or through handheld apps, said Florence Bank President and CEO John F. Heaps.  "Now we have a branch where five people run the whole office, and they do everything," Heaps said.

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    6. MSB to Hold Free Workshop on Small-business Retirement Plans

      MSB to Hold Free Workshop on Small-business Retirement Plans

      Monson Savings Bank will host a complimentary workshop titled “Small-business Retirement Plans” on Tuesday, Sept. 19 from 5:30 to 7 p.m. at the bank’s corporate office, 107A Main St., Monson. It is free and open to the public, and refreshments will be served. The workshop will be presented by Phil Hahn, regional vice president of Security Benefit. Through a combination of innovative products, strong investment management, and a unique distribution strategy, Security Benefit has become a leader in the U.S. retirement market. Attendees will learn what the state of the retirement plan market is, defined benefit ...

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    7. United Bank Foundation Supports JA’s Financial-literacy Efforts

      United Bank Foundation Supports JA’s Financial-literacy Efforts

      Junior Achievement of Western Massachusetts announced that it received a $10,000 grant from the United Bank Foundation to bring financial-literacy programs to students in East Longmeadow, Westfield, West Springfield, and Springfield. The programs will teach students concepts related to budgeting, saving, and money management with the intent of promoting the development of good financial habits. The partnership includes the involvement of volunteers from United Bank to help deliver the programs to students.

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    8. Chicopee Savings Foundation Supports Dress for Success Boutique

      Chicopee Savings Foundation Supports Dress for Success Boutique

      The Chicopee Savings Bank Charitable Foundation recently presented Dress for Success of Western Massachusetts with a donation of $1,000 to support its boutique operations. “Dress for Success provides a tremendous service to women in our community who are working toward achieving financial independence,” said William Wagner, president of Chicopee Savings Bank Charitable Foundation. “We are very pleased to offer our support to this important work.”

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    9. Planning for Small Business Growth: Strategies to Hit the Next Level

      After creating your business plan, raising capital, and opening your doors, your next task is to make a profit. But once the money is coming in and your operation is sustaining itself, you want to start thinking about growth. How do you achieve growth? The answer is to plan for it, and it is never too early to start, said Jay Seyler, vice president of Business Banking at PeoplesBank.

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      Mentions: Holyoke
    10. Berkshire Bank Lends Support to Square One

      Berkshire Bank Lends Support to Square One

      Square One was awarded $10,000 by Berkshire Bank in support of its Adopt-a-Classroom program. “We are excited to continue our ongoing support of Square One’s Adopt-a-Classroom initiative program,” says Jim Hickson, senior vice president, commercial regional president. “Berkshire Bank is committed to making a difference in the lives of local children and their families.”

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    11. PeoplesBank Hosts Free Business-improvement Webinars

      PeoplesBank Hosts Free Business-improvement Webinars

      Based on the success of its live seminar series, PeoplesBank has launched a free lunchtime business-improvement webinar series. The series will feature bank experts who will present topics related to improving and protecting business operations, including protecting data and managing vendor risk. The seminars are designed for business owners and management and operations professionals. Each of the Friday webinars will be offered live and will start at noon. The webinars are:

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      Mentions: Holyoke
    12. Florence Bank Makes Its Move into Hampden County

      Florence Bank Makes Its Move into Hampden County

      After recording impressive growth during his 22-year tenure as president, John Heaps Jr. says Florence Bank is ready to take the next strategic step, by opening its first branch in Hampden County later this summer. The move comes at an opportune time, he said — a time when many Greater Springfield banks are being bought up and merging with institutions based well outside the region. A community-focused bank like Florence, he believes, is well-positioned to fill the gap.

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    13. MassMutual sells Chicopee conference center; new owner plans psychiatric hospital

      MassMutual sells Chicopee conference center; new owner plans psychiatric hospital

      MassMutual plans to sell its MassMutual Learning and Conference Center facility at 350 Memorial Drive, and the new owner plans to return the facility to its former use as a psychiatric hospital. The 12.2-acre property near the Massachusetts Turnpike was Charles River Hospital West before the Springfield-based insurance giant bought it and converted it into a place that includes banquet facilities, hotel rooms and 160 parking spaces for MassMutual to hold business meetings and occasional community events.

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    14. Nuvo Bank in Springfield's Tower Square changes name to Community Bank

      Nuvo Bank in Springfield's Tower Square changes name to Community Bank

      Nuvo Bank & Trust  has changed its name to Community Bank following two separate takeovers that resulted in Nuvo being owned by Community Bank of Syracuse, New York. Temporary Community Bank signs are already up at Nuvo's first, and only, office in Springfield's Tower Square office building. Community Bank System Inc., the parent company of Community Bank, completed its merger with Nuvo's most recent owner, Merchants Bancshares, Inc., of Vermont, on May 12. Community Bank paid Merchants shareholders $304 million in the deal, according to a news release.

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      Mentions: Springfield
    15. Berkshire Bank acquires Commerce Bank in Worcester, moves headquarters to Boston | masslive.com

      Berkshire Bank acquires Commerce Bank in Worcester, moves headquarters to Boston | masslive.com

      Berkshire Hills Bancorp, the holding company of Berkshire Bank, will buy Commerce Bancshares Corp., the parent company of Commerce Bank and Trust Company in Worcester, for $209 million and move the combined bank's headquarters to Boston's Financial District as part of a major push east into the metro Boston market. Berkshire Bank, with headquarters at 24 North St. in Pittsfield, has 332 employees at its facilities. No jobs will be moved or lost, spokeswoman Rachel Mabee said Monday. She said senior executives will have offices in both Boston and Pittsfield, and Pittsfield remains its regional headquarters and operational ...

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      Mentions: Berkshire Bank
    16. Springfield-based MassMutual celebrates 166th birthday with a new logo

      Springfield-based MassMutual celebrates 166th birthday with a new logo

      MassMutual unveiled a newly refreshed brand Monday to celebrate its 166th birthday. The company said its new branding strategy celebrates the gift of interdependence.The logo features the letter M spelled out in dots. MassMutual changed logos Monday at its headquarters on State Street and its offices in Enfield. The old logo is down from the MassMutual-owned Tower Square office tower on Main Street. The MassMutual name remains on the building, however. Johannes Leonardo advertising agency in New York City did strategy and creative work on the campaign. The Working Assembly, also of New York, design studio, did the logo ...

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    17. Florence Bank plans to open West Springfield office in July; brick-and-mortar leads to online banking

      Florence Bank plans to open West Springfield office in July; brick-and-mortar leads to online banking

      Florence Bank is expanding into Hampden County but the size of its branches is shrinking, a reflection of how popular online and mobile banking is today. The bank's West Springfield branch, expected to open in July, will be about 7,000 square feet. It will have space for just three tellers and a drive-up ATM, along with business lenders, mortgage originators and a financial services adviser. The ATM will be a smart ATM capable of most things a teller typically does, said Florence Bank President and CEO John F. Heaps. The flesh-and-blood tellers will be able to perform many ...

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    18. PeoplesBank Issues Annual Corporate Green Report

      PeoplesBank Issues Annual Corporate Green Report

      PeoplesBank has issued its annual Corporate Green Report. 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. The bank 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. For Earth Day 2017, PeoplesBank highlighted more than $65,000 in funding for green initiatives in Western Mass. Those initiatives include support for an existing mobile farmers’ market in Springfield and the ...

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    19. MassMutual Names Aaron Miller Head of Strategy & Corporate Development

      MassMutual Names Aaron Miller Head of Strategy & Corporate Development

      Strengthening its business strategy and development expertise, Massachusetts Mutual Life Insurance Company (MassMutual) today named Aaron Miller head of Strategy & Corporate Development.  Miller reports to Betsy Ward, MassMutual’s chief financial officer and chief actuary.  In his new role, Miller, who will work closely with MassMutual’s executive leadership team, is responsible for leading the development of the company’s corporate and business strategies, as well as competitive intelligence, helping maximize MassMutual’s long-term performance.

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      Mentions: MassMutual
    20. United Bank moving State Street location to Monarch Place in downtown Springfield

      United Bank moving State Street location to Monarch Place in downtown Springfield

      United Bank and parent company United Financial Bancorp plan to move its office at 115 State St. into 2,400 square feet of leased space on the first floor of One Monarch Place, a storefront previously occupied by Bank of America. United Bank, now headquartered in Glastonbury, Connecticut, announced the move Tuesday. The bank will need regulatory approval in order make the move. It's expected to be completed in the fall of 2017. The to-be-closed United Branch is at the corner of State and Main streets across from the MGM Springfield casino.

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    21. PeoplesBank buys Yankee Pedlar in Holyoke, plans financial services center incorporating elements of iconic restaurant

      PeoplesBank buys Yankee Pedlar in Holyoke, plans financial services center incorporating elements of iconic restaurant

      PeoplesBank will raze the Yankee Pedlar restaurant on Northampton and Beach streets and has plans to build a new financial services center on the 2-acre site. The PeoplesBank location will incorporate a bank branch, mortgage origination offices and financial services like insurance and investment products. It also will have architectural elements and memorabilia from the beloved banquet hall, said Tom Senecal, president and CEO of PeoplesBank, which is based in Holyoke. The site gives PeoplesBank an opportunity create a modern branch to replace two outdated ones, in the Elmwood and Highland neighborhoods, with one that offers the latest in technology ...

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    22. PeoplesBank to Host Free Economic Outlook Luncheon

      PeoplesBank to Host Free Economic Outlook Luncheon

      The stock market is up, and soon, so might be interest rates. The Trump administration wants to make historic budget cuts, and unemployment rates are at historic lows. While these are much better than the worst of times for local businesses, are they going to turn into the best of times? Business leaders, who do not like uncertainty, will get some insights into the economic future at the PeoplesBank Economic Outlook, a free luncheon featuring James Hartley, professor of Economics at Mount Holyoke College. The luncheon is slated for Thursday, April 20 from noon to 1:30 p.m. at ...

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    23. Greenfield Savings Bank plans additional branches in Amherst, Northampton

      Greenfield Savings Bank plans additional branches in Amherst, Northampton

      Greenfield Savings Bank will open downtown branch offices in Amherst and Northampton by midsummer to augment branches already in those communities, the bank announced this week. The downtown Amherst location will be at 108 North Pleasant St. and the downtown Northampton office will be at 207 Main St. "The new branches will enhance convenience for our customers in both of these communities," John Howland, president of Greenfield Savings Bank, said in a news release. "This is especially true for our downtown Amherst- and Northampton-based commercial customers. Last year our commercial loan originations increased more than 20 percent and the additional ...

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    24. Edward Jones aiming to recruit 100 new financial advisors at Agawam event

      Edward Jones aiming to recruit 100 new financial advisors at Agawam event

      Edward Jones, a financial services company, plans to hire up to 100 financial advisors throughout Western Massachusetts in 2017, and is hoping to meet the new prospective employees at an upcoming mixer in Agawam. As the firm continues to expand its business and grow its network of branch offices to serve individual investors throughout Western Mass, Edward Jones is hosting a recruiting event at 6 p.m. on Wednesday, March 8 at The Federal. Business attire is encouraged, according to the firm.

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      Mentions: Amherst
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