EASTHAMPTON SAVINGS BANK HIRES COMPLIANCE OFFICER

MassMutual Chosen as Full-Service Provider for Lammico's $10+ Million Retirement Plan

Loss of big banks affecting talent pool

Bank of America may part with U.S. Trust

MassMutual gets Massachusetts tax incentive to move jobs to Springfield; Crane gets tax incentive to add jobs in North Adams

Mass. jobless rate rises - The Republican

MassMutual Financial Group lays off 58 employees from retirement income business

MassMutual adding agents

A Tale of Two Cities and One Region

MassMutual Financial Group eyes more staff cuts with 4-month review

Articles in category: Financial Services

1. United Bank announces executive reshuffling as it readies to purchase New England Bank Explore masslive.com (Oct 1 2012) Financial Services The acquisition will add $726.5 million in assets, $557.9 million in loans and $581.6 million in total deposits to United Bank’s holdings, Collins said. United plans to cut costs by 33 percent after the buyout, some of which could come from job cuts. (Read Full Article)

   Comment Mentions:   West Springfield   Springfield   United Bank

2. Branching Out | BusinessWest Explore BusinessWest (Sep 11 2012) Financial Services Crimmins, who has worked in banking for the past 42 years, launched the Bank of Western Mass. (BWM) in Springfield 25 years ago with a partner, Frank Fitzgerald, sensing a need for a commercial-lending institution with a local focus. They initially catered to small and medium-sized businesses, which they felt was an underserved niche. (Read Full Article)

   Comment Mentions:   Springfield   United Bank

3. MassMutual buys retirement business from The Hartford | masslive Explore masslive.com (Sep 5 2012) Financial Services MassMutual Financial Group is buying The Hartford’s retirement plans business for $400 million, MassMutual announced Tuesday afternoon. Once combined with The Hartford, MassMutual’s retirement business will have $120 billion in assets making it the 11th largest retirement services company in the country, said Roger W. Crandall, MassMutual CEO. (Read Full Article)

   Comment Mentions:   MassMutual   Springfield   Roger W. Crandall

4. Policyholders sue MassMutual, seek class-action status - Boston Business Journal Explore bizjournals (Sep 4 2012) Financial Services Policyholders are suing the Springfield, Mass.-based insurer, alleging it improperly withheld millions that rightfully should have been disbursed or invested back into the company (Read Full Article)

   Comment Mentions:   MassMutual   Springfield

5. First Niagara's new accounts aimed at college kids Explore HartfordBusiness.com (Aug 24 2012) Financial Services First Niagara Bank said it has added a new checking account product geared toward students in Connecticut and other Northeast markets. StudentFirst Checking is primarily designed for college students and will allow the bank to tap into that demographic more directly, Bizjournals.com reports. (Read Full Article)

   Comment Mentions:   First Niagara Bank

6. MassMutual Retirement Services Names New Sales Director Explore MarketWatch.com (Aug 15 2012) Financial Services MassMutual's Retirement Services Division is pleased to announce the addition of Christopher Stout as sales director to support its growing presence in the Southeast region. Mr. Stout, who joined the firm on August 1, reports to Shefali Desai, emerging market sales manager for MassMutual's Retirement Services Division. (Read Full Article)

   Comment Mentions:   MassMutual   Springfield

7. MassMutual Teams Up with ALPFA to Celebrate 40-Year Anniversary and Help Develop Latino Business Leaders Explore PR Newswire (Aug 9 2012) Financial Services Over the past year, ALPFA and MassMutual have worked together to help the exploding number of Latino small business owners and families make good financial decisions for a more secure future. The two organizations have taken to the road to raise awareness of the need for financial education and future planning, hosting informational events and panel discussions in several locations across the country. (Read Full Article)

   Comment Mentions:   MassMutual   Springfield

8. Reports a 130% Increase in Year-End Net Income, Reports Authorization of a Seventh Stock Repurchase Program, and Declares Cash Dividend Explore Stock Market Quotes and Financial News (Aug 8 2012) Financial Services Hampden Bancorp, Inc. (the "Company") (NASDAQ - HBNK), which is the holding company for Hampden Bank (the "Bank"), announced the results of operations for the three and twelve months ended June 30, 2012. (Read Full Article)

   Comment Mentions:   West Springfield   Springfield   Hampden Bank

9. Students relish responsibility at MassMutual IT Academy Explore masslive.com (Aug 6 2012) Financial Services Students, drawn from MassMutual Academic Achievement and MassMutual Career Pathways programs, spend 10 weeks working on real-life information technology and computer-related projects at MassMutual's headquarters. High school students in the program are paid $11 an hour and college students get $15 an hour. (Read Full Article)

   Comment Mentions:   MassMutual   Springfield

10. Babson Capital establishes Chicago-based lender Explore Home - BostonHerald.com (Jul 30 2012) Financial Services Springfield-based global investment manager Babson Capital Management LLC said today it has formed a new Chicago-based Middle Market Lending Group to provider senior secured financing solutions to middle-market companies. (Read Full Article)

    Comment Mentions:   Springfield

11. BofA books a profit, beats estimates - Boston Business Journal Explore bizjournals (Jul 20 2012) Financial Services Bank of America (NYSE: BAC) reported a profitable second quarter, Wednesday morning, on double-digit revenue growth. (Read Full Article)

    Comment Mentions:   University of Connecticut   Bank of America

12. EDC and AIM to Co-host International Business Symposium Explore From the EDC (Jul 17 2012) Financial Services The EDC and Associated Industries of Massachusetts-International Business Council(“AIM”) will host another premier international business event in Springfieldon October 4, 2012. The symposium will focus on opportunities for trade andinvestment in developed and emerging markets. We want to thank our majorsponsors for their support – TD Bank and Hannover Messe. TD’s Chief FXStrategist, Shaun Osborne, will deliver the keynote address. Here is a link tothe invitation for more information  -- http://www.westernmassedc.com/2012internationalsymposium/-- and here is the link to register -- http://internationalbusinesssymposium.eventbrite.com/ Our previous symposium, which focused on European-North American relations,attracted trade and investment executives ... (Read Full Article)

    Comment Mentions:   TD Bank   Associated Industries of Massachusetts   Michael Graney

13. By All Accounts Explore BusinessWest (Jul 17 2012) Financial Services Indeed, Wolf was named one of the five fastest-growing CPA firms in the $20 million to $30 million category nationally by Inside Public Accounting magazine, he told BusinessWest, adding that it has achieved such status through a number of strategic initiatives. These include attaining greater market share in many geographic areas, including Western Mass (Read Full Article)

    Comment Mentions:   TD Bank   Western New England University   Springfield

14. Expanding the Footprint — Again Explore BusinessWest (Jul 17 2012) Financial Services Meanwhile, the merger, subject to regulatory and shareholder approval, would also bring the institution to $2.4 billion in total assets, making it the 10th-largest bank headquartered in New England and the largest based in Greater Springfield. (Read Full Article)

    Comment Mentions:   Springfield   United Bank   Richard Collins

15. MassMutual Awards $150,000 in Scholarships Explore hispanicbusiness.com (Jul 16 2012) Education , Financial Services "I'd like to congratulate all of this year's MassMutual Scholars," said Nick Fyntrilakis, Vice President of Community Responsibility at MassMutual. "It is rewarding to know that so many students are diligently working towards obtaining a college degree and that the MassMutual Scholarship can help them get there." (Read Full Article)

    Comment Mentions:   MassMutual   Springfield   Nick Fyntrilakis

16. Chicopee Savings lauded by Junior Achievement of Western Massachusetts | masslive Explore masslive.com (Jul 16 2012) Financial Services Chicopee Savings Bank was recently recognized by Junior Achievement of Western Massachusetts with its Horace Moses Business Partner Award for outstanding support of Junior Achievement. (Read Full Article)

    Comment Mentions:   Springfield   Chicopee   Holyoke

17. MassMutual makes Fortune 500 List Explore WWLP 22 News Springfield (Jul 9 2012) Financial Services Massachusetts Mutual Life Insurance or  MassMutual came in at 457th on the  Fortune 500 list. (Read Full Article)

    Comment Mentions:   MassMutual   Springfield

18. Policy Statement Explore BusinessWest (Jul 3 2012) Financial Services Elaborating, he said MassMutual has done so essentially by focusing on what he called the “basics.” And by this he means the three main pillars of the company’s operations — providing customers with financial security, paying the best dividends, and providing exceptional customer service. For example, the company has “doubled down” on its roster of agents, going from 3,700 a few years ago to more than 5,000 today, he said, while also investing in new products, including a number of creative life insurance options, designed to meet the various needs of customers. (Read Full Article)

    Comment Mentions:   Babson Capital Management   MassMutual   Southwest Airlines

19. Patrick’s jobs czar: we’re almost back - BostonHerald.com Explore Home - BostonHerald.com (Jul 3 2012) Financial Services , Information Technology Bialecki said he is planning a new initiative to woo companies from the metropolitan New York area, targeting financial services and information technology firms. He hopes some of those companies will consider relocating customer service jobs outsourced abroad so they are closer to home, particularly in the lower-cost Springfield area. A successful example, he said, is a Liberty Mutual customer service call center located in downtown Springfield, announced in 2008. (Read Full Article)

    Comment Mentions:   Governor Deval L. Patrick   Liberty Mutual Insurance Group   Liberty Mutual

20. Bank merger pace quickens, more could be in the offing Explore masslive.com (Jun 18 2012) Financial Services United Financial Bancorp, parent company of United Bank, plans to buy the parent of Enfield-based New England Bank for $91 million in cash and stock. United Bank will then be the largest bank with headquarters in Greater Springfield and the 10th largest bank headquartered in New England, said Richard B. Collins, United Bank’s chairman, president and CEO. Pre-deal, United Bank was 14th largest with $1.6 billion in assets. (Read Full Article)

    Comment Mentions:   West Springfield   Western New England University   Berkshire Bank

21. Edward Jones to open 70 new offices in western Massachusetts Explore bizjournals (Jun 5 2012) Financial Services As part of its national expansion, Edward Jones is planning to open 60 to 70 new offices in the western region of Massachusetts, west of Interstate 91, by 2020, the Berkshire Eagle reports. Edward Jones representative Rick Schachner, principal, financial advisor development, told the newspaper that the company considers New England to be prime expansion territory due to its large number of population centers. (Read Full Article)

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22. United Bank buys New England Bank Explore Home - BostonHerald.com (Jun 1 2012) Financial Services The purchase of Enfield-Conn.-based New England Bank by West Springfield-based United Bank announced Thursday will expand United’s presence into Hartford, Tolland, New Haven and Litchfield counties in Connecticut, where New England Bank operates 15 full-service banking offices and two administrative offices. (Read Full Article)

    Comment Mentions:   West Springfield   Springfield   United Bank

23. MassMutual’s retirement services sets 1Q sales record Explore HartfordBusiness.com (May 22 2012) Financial Services MassMutual's affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB. (Read Full Article)

    Comment Mentions:   MassMutual   Springfield

24. Hampden Bancorp, Inc. Reports a 64% Increase in Nine Month Net Income and Declares Cash Dividend - Yahoo! Finance Explore Yahoo! Finance (May 9 2012) Financial Services Thomas R. Burton, CEO and Vice Chairman stated, “Economic conditions in our local economy continue to improve as evidenced by a decline in delinquent and impaired loans as well as a nominal increase in loan growth. We have reduced the provision for loan losses while continuing to maintain strong ratios related to our reserve coverage. Overall, we are pleased with the results but recognize that asset growth is necessary for continued financial improvement.” (Read Full Article)

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