1. Articles in category: Financial Services

    361-384 of 549 « 1 2 ... 13 14 15 16 17 18 19 ... 21 22 23 »
    1. The Futures Market

      The Futures Market

      “MassMutual is in the business of workforce development — we’ve got great opportunities to develop young people — but we’re not in the mentoring business,” she explained. “However, Big Brothers Big Sisters is, and they’ve provided support for the work involved to sustain a solid mentoring program.” Elaborating, she said there is a geat deal of work that goes into the process of matching young people with mentors. In a nutshell, MassMutual recruits the many volunteers needed for the program, and Big Brothers Big Sisters goes about screening both volunteers and students identified by the School Department, and making ...

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    2. Banking on Progress | BusinessWest

      Banking on Progress | BusinessWest

      A long-time customer of Easthampton Savings Bank recently called with a question about a loan. “This was someone who did his first mortgage with us in 1972,” bank President William Hogan said. “When he called, he said he had to talk to me, and I remembered him. He asked, ‘why do you need all this information?’ “I said, ‘Jack, the world has changed,’” he continued. “And it’s true — what we used to do with a handshake when we took his first application, we can’t do that anymore. Now, a loan file is four or five inches thick by ...

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    3. Hampden Bank donates $50K to WNEU scholarship fund

      Hampden Bank donates $50K to WNEU scholarship fund

      “Hampden Bank has been based in Springfield for more than 160 years. We have a real affinity for the issues facing the city, and education is extraordinarily important to improve the economic outcome for many people,” says Glenn S. Welch, president and chief operating officer. “A scholarship at an institution like Western New England not only lifts up the individual, but also lifts up the economy.”

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    4. MassMutual Scholars Program Offers $150000 in Scholarships to Multicultural ...

      Now in its fourth year, the MassMutual Scholars program began as a pilot program in four metropolitan areas across the country and later expanded to nine. This year the scholarship is open to students of all majors, who are of African-American, Asian/Pacific Islander or Hispanic descent and attending college in the United States. However, applicants must meet certain academic criteria, such as maintaining a 3.0 or better GPA, express an interest in careers in the insurance and financial services industry, and demonstrate financial need.

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    5. First Niagara Bank gives $50K grant to Springfield YMCA for teen programs

      First Niagara Bank gives $50K grant to Springfield YMCA for teen programs

      The YMCA of Greater Springfield announced recently that it has received a $50,000 grant from First Niagara Bank to support its Y-AIM program. Y-AIM (Achieve academically, Inspire to attend college, Move toward personal, family and community advancement) works to provide talented, underachieving at-risk youth entering the ninth grade with a solid support system throughout all four years of high school.

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    6. MassMutual reports strong sales, lower earnings

      MassMutual reports strong sales, lower earnings

      But sales of MassMutual’s core products, retirement plans and whole-life insurance policies, remained strong, according to a company news release. For the year ended 2011, sales for whole-life insurance were $241 million, up 2 percent from $237 million in 2010, and retirement plan sales from its Retirement Services business totaled $6 billion, up 13 percent from $5.3 billion in 2010. Both were record levels for the company.

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      Mentions: MassMutual
    7. MassMutual Retirement Services Division’s 2011

      MassMutual Retirement Services Division’s 2011 sales results mark the highest in the division’s 65-year history, surpassing its record-breaking sales performance of 2010. Written sales for 2011 exceeded $6 billion, representing a 13% increase vs. 2010. Assets under management in retirement plans administered by MassMutual also reached a new record of $55 billion at year end 2011, a 7% increase over the same period last year. The division also enjoyed record net cash flow in 2011, surpassing $3.5 billion for the first time in division history.

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    8. Hampden Bancorp, Inc. Reports 19% Increase in Six Month Net Income, Reports Authorization of a Sixth Stock Repurchase Program, and Declares 33% Increase in Cash Dividend

      Thomas R. Burton, Vice Chairman and CEO stated, “Economic conditions in the first half of our fiscal year appear stronger than a year ago. We are seeing an increase in our commercial loan backlog as companies appear to be more comfortable borrowing to expand their businesses. Non accrual loans and impaired loans continue to decline as we see overall asset quality improve. This improvement is reflected in a lower provision for loan losses while still maintaining strong ratios related to our allowance for loan losses. Overall earnings have improved as our cost of funds continues to decline and expenses are ...

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    9. Angel Investors pour capital, ideas into young businesses, entrepreneurs in Western Massachusetts

      Angel Investors pour capital, ideas into young businesses, entrepreneurs in Western Massachusetts

      Allan Blair, the president of the Economic Development Council of Western Massachusetts, says Silva is right on the mark about the improved infrastructure for entrepreneurs in the Pioneer Valley, but he still gives a lot of the credit to Angel Investors.

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    10. Norwest Equity Partners Invests in Leading Sporting Firearms Manufacturer ...

      Coburn stated, “This new investment partnership with NEP marks an exciting time for Savage. On behalf of our management team and employees, we look forward to working with the NEP team, exploring new business opportunities and advancing our business potential together.” Savage is headquartered in Westfield, Massachusetts, and has over 600 dedicated employees. Manufacturing facilities are located in Westfield; Lakefield, Ontario; and Eugene, Oregon.
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    11. United Financial Bancorp Reports Fourth Quarter 2011 Earnings of $3.0 Million ...

      United Financial Bancorp, Inc. (the "Company") (nasdaq global select market:UBNK), the holding company for United Bank (the "Bank"), reported net income of $3.0 million, or $0.20 per diluted share, for the fourth quarter of 2011 compared to net income of $2.7 million, or $0.18 per diluted share, for the corresponding period in 2010. For the year ended December 31, 2011, net income was $11.2 million, or $0.74 per diluted share, compared to net income of $10.0 million or $0.65 per diluted share, for the same period in 2010.
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    12. Continuity and Change

      Continuity and Change
      Glenn Welch, the new president and COO of Hampden Bank, takes over with an informal philosophy of not trying to fix anything that isn’t broken — and this encompasses most all strategic initiatives at the nearly 160-year-old institution. For now, his primary focus is on seizing opportunities to grow the commercial portfolio presented by improving confidence among business owners and what Welch called “concern with larger-bank relationships and where they’re headed.”
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