Articles in category: Financial Services
In the spirit of the presenting ideas worth spreading, the independently organized TEDx Springfield event scheduled Friday is aiming to enlighten with nearly 20 diverse speakers talking about the nature of innovation.(Read Full Article)
And so it begins. Speculation about how and to whom RBS Citizens will be sold has bubbled to the surface with a report that TD Bank plans to make a $12.8 billion bid for the U.S. bank.(Read Full Article)
It's not on the list, but Brennan pointed to the May grand opening of Gulfstream Aerospace Corp.'s 125,000-square-foot , $23-million maintenance hangar at Westfield Barnes Regional Airport. That facility, designed to service the next generation of larger corporate jets, meant about 100 added jobs in Westfield.
"People don't realize there are private companies making investments and adding jobs," Brennan said. "It's going on all over the valley. People just don't always see it."(Read Full Article)
A program run by the Federal Reserve Bank of Boston called Working Cities Challenge could provide much as $700,000 in grant money on the table to help Springfield develop a full-line supermarket and bring fresh produce to the "food desert" neighborhoods surrounding Mason Square.
"We are also hoping to do some workforce development if we get the Working Cities grant," said A. John “Jay” Minkarah, president and CEO of DevelopSpringfield, a public-private group focused on economic development in the city.(Read Full Article)
'The new bill is more highly textured. you can almost count them blindfolded,' said Sue Fearn, assistant vice president for client sales at Nuvo Bank & Trust Co. in Springfield. Even the U.S. Department of the Treasury's website www.newmoney.gov asks people to run their finger along Benjamin Franklin's shoulder when they get a new bill.(Read Full Article)
Massachusetts Mutual Life Insurance Co. will work with the Massachusetts Justice Project and the Hampden County Bar Association’s legal clinic to provide free legal assistance to low-income seniors citizens who are looking to prepare simple wills, powers of attorney or similar planning documents. Since 2011, the Massachusetts Justice Project, in partnership with the Legal Advocacy and Resource Center of Boston, has operated the Massachusetts Senior Legal Helpline, (866) 778-0939, providing legal information, advice and referrals for Massachusetts residents 60 years of age or older. Through this program, it was identified that many seniors need help preparing advance directives like ...(Read Full Article)
PeoplesBank has literally found a way for customers to get a charge out of their banking. They will need an electric vehicle, however, to take advantage of the free EV charging station at the newest office at 300 King Street in Northampton.(Read Full Article)
Cornerstone Real Estate Advisers, a subsidiary of MassMutual Financial Group, has purchased 99 Summer St. in Boston’s Financial District for $110.8 million.(Read Full Article)
The Greater Holyoke YMCA announced it has received a $10,000 grant from the First Niagara Foundation to support the second phase of its renovation completion program. Several years ago, the Greater Holyoke YMCA embarked on a multi-year improvement program designed to raise funds to renovate and improve its downtown facility, part of which was constructed in 1951.(Read Full Article)
United Bank is one of "Two Small Banks with Big Appeal," according to financial publication Barron's. Barron's, published by Wall Street Journal Owner Dow Jones & Co., has actually written favorably about West Springfield-based United once before, said Richard B. Collins, president and CEO of United Bank.(Read Full Article)
Hampden Bancorp Inc. said cutting two senior executives cost the bank more than $300,000, and pulled fourth quarter profits down even as per-share earnings reached record levels. Springfield-based Hampden Bank is one of two western Massachusetts banks under investor pressure to sell this year.(Read Full Article)
The EDC hosted a roundtable discussion in June featuring(Read Full Article)
Massachusetts Secretary of Housing and Economic Development Greg Bialecki. We
invited several New York site selectors as well as other state and regional economic
development officials to join us for an engaging conversation about shared
service center opportunities in our region for companies in the financial and
professional services and IT sectors. We had hosted a similar roundtable in Boston
in March. Secretary Bialecki has set an ambitious goal to speak to 50 companies
who might be interested in opening a facility about the advantages of western
Massachusetts during 2013. Based ...
A new study by the Pioneer Institute in Boston makes the case that the state’s 105 separately managed public-employee pension systems are overstaffed, inefficient and wasting approximately $25 million a year in administrative costs. In a policy brief released late Wednesday, the local think tank said the consolidation of those plans into a more centralized management system could save up to $22.5 million in annual employment costs and another $2.3 million in stipends paid to the various board members who presently oversee each individual pension program. According to Pioneer, each system has a five-person board whose members ...(Read Full Article)
But when Bill Hogan initiated discussions with him several months ago about possibly joining the competition that would identify his successor as president of Easthampton Savings Bank, Sosik’s imagination took him to where he never thought it would.(Read Full Article)
Yesterday, Massachusetts Secretary of Housing and Economic(Read Full Article)
Development Greg Bialecki presented the Western Mass value proposition for Shared
Service Center projects to New York-based site selectors at a luncheon organized
by the EDC.
Berkshire Bank recently selected 30 high school seniors to receive a total of $45,000 in scholarships through its Berkshire Bank Foundation Scholarship Awards Program. Each of the recipients will receive $1,500. A total of 134 employee volunteers reviewed nearly 200 applications to select the winners. The winners all live in the regions served by Berkshire Bank, including communities in Massachusetts, New York, Connecticut and Vermont.(Read Full Article)
A Texas hedge fund firm is stepping up its efforts to put Hampden Bancorp on the block by trying to get two of its representatives on the Springfield banking company’s board of directors. With 6.5 percent of the company’s shares, Dallas-based hedge fund Clover Partners is the biggest institutional shareholder on Hampden’s roster, which also includes Boston-based Wellington Management and other industry heavyweights. Johnny Guerry, Clover’s managing partner, and Garold Base, CEO of Dallas-based Viewpoint Bank, were recently nominated for board membership by MHC Mutual Conversion Fund, a Clover general partner.(Read Full Article)
Five-year-old start-up bank Nuvo Bank & Trust Co. raised $4.385 million with its third and most recent stock sale. The money is enough to fund the Nuvo's growth for the next two to three years. That growth would include the addition of three more employees to the bank's current 16-member staff.(Read Full Article)