1. Articles in category: Financial Services

    1-24 of 481 1 2 3 4 ... 18 19 20 »
    1. 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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    2. 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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    3. 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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    4. 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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    5. 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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    6. 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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    7. 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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    8. Peoples United Foundation Awards $62,000 in Grants

      Peoples United Foundation Awards $62,000 in Grants

      People’s United Community Foundation, the philanthropic arm of People’s United Bank, N.A., today announced that it awarded $62,000 to Western and Central Massachusetts non-profits during its second grant cycle of 2018.  Funding was allocated to 13 non-profit organizations in support of activities that ranged from basic needs services and affordable housing initiatives, to education and workforce development programs. Grant recipients included:

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    9. MassMutual lays off workers in Enfield, elsewhere; no impact in Springfield

      MassMutual lays off workers in Enfield, elsewhere; no impact in Springfield

      MassMutual laid off workers Tuesday as part of a reorganization of its Workplace Solutions retirement plan business, spokeswoman Laura Crisco said. "MassMutual is making significant investments in our retirement business to simplify and enhance the experience for plan sponsors, financial advisors, third party administrators, and plan participants," she said in a written statement. "At the same time, we continually evaluate our operations to ensure we are working as efficiently and effectively as possible, delivering the best experience to our customers and the greatest value to our policyowners.

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    10. PeoplesBank Again Named a Top Corporate Charitable Contributor - BusinessWest

      PeoplesBank Again Named a Top Corporate Charitable Contributor - BusinessWest

      The Boston Business Journal has announced the region’s Top Corporate Charitable Contributors, and, for the 11th year in a row, PeoplesBank is among the companies included.  The region’s top charitable companies, which include, in many instances, the companies’ corporate foundations, will be honored at the Boston Business Journal’s 13th annual Corporate Citizenship Awards on the evening of Thursday, Sept. 6 at Fenway Park in Boston.

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    11. United Financial Bancorp Announces Q2 Earnings

      United Financial Bancorp Inc., the holding company for United Bank, announced results for the quarter ended June 30, 2018. The company reported net income of $15.6 million, or $0.31 per diluted share, for the quarter ended June 30, 2018, compared to net income for the linked quarter of $15.8 million, or $0.31 per diluted share. The company reported net income of $16.2 million, or $0.32 per diluted share, for the quarter ended June 30, 2017.

       

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      Mentions: United Bank
    12. PeoplesBank buys First National Bank of Suffield for $60M

      PeoplesBank buys First National Bank of Suffield for $60M

      PeoplesBancorp, parent of PeoplesBank, will buy First Suffield Financial, Inc., parent company of The First National Bank of Suffield, Connecticut, for $60 million. First Suffield Financial shareholders will receive $12,001.85 in cash per share, according to a news release. PeoplesBank is mutual bank and has 18 banking offices in Western Massachusetts and assets exceeding $2.4 billion.

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      Mentions: Holyoke
    13. 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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    14. 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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    15. 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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    16. 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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    17. 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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    18. 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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    19. 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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    20. 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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    21. 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
    22. 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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    1-24 of 481 1 2 3 4 ... 18 19 20 »
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