1. Articles in category: Financial Services

    49-72 of 353 // « 1 2 3 4 5 6 ... 13 14 15 »
    1. Mass.’ Berkshire Bank’s head start as a CT ‘noisemaker’

      Explore HartfordBusiness.com (Feb 4 2014)

      Mass.’ Berkshire Bank’s head start as a CT ‘noisemaker’

      Berkshire Bank's timing for entering Connecticut at least 18 months ahead of a fresh wave of out-of-state bank investment, including from a Massachusetts competitor, couldn't have been better, its chief says.  The Pittsfield, Mass., bank bought out former Hartford lender, Connecticut Bank & Trust Co., in mid-2012, cementing its beachhead in the Nutmeg State ahead of West Springfield rival United Financial Corp.'s December declaration of its $369 million pending merger with Glastonbury's Rockville Bank.

      (Read Full Article)

      Mentions:   University of Connecticut   West Springfield   Berkshire Bank

    2. Sovereign Rulers | BusinessWest

      Explore BusinessWest (Jan 30 2014)

      Sovereign Rulers | BusinessWest

      When the Sovereign Bank signs suddenly came down across Massachusetts last fall, replaced by the Santander Bank name, it was … well, anything but sudden.
      “We branded as Santander on Oct. 17, but as you can imagine, a lot of work went on behind the scenes prior to the rebranding,” said David L’Heureux, Santander’s market manager of Commercial Banking for Massachusetts and New Hampshire, as he explained why the international banking giant, based in Spain, made the name change almost four years after acquiring Sovereign.  “We’ve been preparing for the rebranding for the past year and a half ...

      (Read Full Article)

    3. Generating Interest | BusinessWest

      Explore BusinessWest (Jan 29 2014)

      Generating Interest | BusinessWest

      The deal, which would create a $4.8 million community institution with more than 50 branches in Massachusetts and Connecticut, is similar to others consummated in recent months in that the banks are of similar size (United has $2.5 billion is assets, Rockville has $2.2 billion), there has been considerable give and take in the negotiations, and the ‘selling’ bank — United, in this case — is actually the one keeping its name, because those involved believe it will ultimately travel better.
      But in some respects, this transaction is resetting the bar when it comes to the MOE.  Indeed, expectations ...

      (Read Full Article)

      Mentions:   United Bank

    4. Chicopee Bancorp reports 7-cent dividend

      Explore masslive.com (Jan 28 2014)

      Chicopee Bancorp reports 7-cent dividend

      Chicopee Bancorp, the holding company for Chicopee Savings Bank, declared a cash dividend of 7 cents per share for the recently-completed quarter .  This is an increase of 2 cents per share paid in the same time period last year.  The company reported net income of $670,000, or 14 cents per share, for the three months ended December 31, 2013, compared to $993,000, or 20 cents basic earnings per share, for the three months ended December 31, 2012.

      (Read Full Article)

      Mentions:   Chicopee   Chicopee Savings Bank

    5. United Financial Bancorp Reports Fourth Quarter Results; Announces Dividend Of $0.11 Per Share

      Explore Market News, Real (Jan 23 2014)

      United Financial Bancorp Reports Fourth Quarter Results; Announces Dividend Of $0.11 Per Share

      (NASDAQ Global Select Market: UBNK), the holding company for United Bank (the "Bank"), reported net income of $4.0 million, or $0.20 per diluted share, for the fourth quarter of 2013 compared to net loss of $4.7 million, or $0.28 per diluted share, for the corresponding period in 2012. Excluding merger-related expenses of $598,000 ($449,000 net of tax benefit) resulting from the Company's agreement to merge with Rockville Financial, Inc. and gains from sales of securities totaling $277,000 ($164,000 net of tax expense), net income would have been $4.3 million, or ...

      (Read Full Article)

      Mentions:   West Springfield   Springfield   United Bank

    6. MassMutual board of directors honored by National Association of Corporate Directors New England Chapter

      Explore masslive.com (Jan 20 2014)

      MassMutual board of directors honored by National Association of Corporate Directors New England Chapter

      MassMutual's 13-member board, made up of some of the top business minds in the region, has contributed greatly to the company's success, the association said in awarding its Private Company Board of the Year award for 2014. In recent years, MassMutual recorded many new achievements: in 2012, the company acquired The Hartford Retirement Plans, nearly doubling the number of retirement participants served across the country, and its assets under management reached a record high of $508 billion. MassMutual is currently one of only two Fortune 100 companies located within Massachusetts (the other is Boston-based Liberty Mutual).

      (Read Full Article)

      Mentions:   MassMutual   Liberty Mutual   Springfield

    7. People's United lures Citi executive for Mass. job

      Explore bizjournals (Jan 8 2014)

      People's United Bank has lured a regional commercial lending executive away from Citibank to help grow the Bridgeport, Conn.-based bank's private banking business in Boston. People's said in a statement that as senior vice president and senior private banker, Lisa Hudson will be responsible for growing the $32 billion bank's private banking business in metro Boston.

      (Read Full Article)

      Mentions:   Springfield   United Bank

    8. Hampden Bank participates in state Small Business Partnership Program

      Explore masslive.com (Nov 25 2013)

      Hampden Bank participates in state Small Business Partnership Program

      In an effort to help local small businesses expand and create new jobs, Hampden Bank, in conjunction with the office of the State Treasurer, is participating in the Small Business Partnership Program. The program is a special funding initiative launched by State Treasurer Steven Grossman to promote small business loans, according to a news release.

      (Read Full Article)

      Mentions:   Springfield   Hampden Bank

    9. Greener Pastures | BusinessWest

      Explore BusinessWest (Nov 22 2013)

      Greener Pastures | BusinessWest

      Doug Bowen, PeoplesBank president and CEO, admits that the bank may not see a return on the added investment through energy savings for “seven to eight years from now” at the earliest, but that timetable certainly isn‘t deterring him from such endeavors.  Indeed, what interests him most is that PeoplesBank continues to be an industry leader in developing sustainable branch offices, fostering an environmentally friendly corporate culture, and investing in projects that will be energy-efficient. This is a mission that PeoplesBank staked out a couple of years after Bowen took over the leadership of the bank in 2006, and ...

      (Read Full Article)

      Mentions:   Douglas A Bowen

    10. Margin Calls | BusinessWest

      Explore BusinessWest (Nov 22 2013)

      Margin Calls | BusinessWest

      Hampden has countered that trend, Welch said, with the strong recent performance of its commercial-loan portfolio; in fact, the bank recorded loan growth of almost 22% in the fiscal year that ended on June 30, outpacing deposit growth of 9%. Overall, Hampden Bank boasts almost $700 million in assets and 111 employees spread across 10 branches in Springfield, Agawam, Longmeadow, West Springfield, and Wilbraham.  That wasn’t enough for a group of non-local shareholders who waged an unsuccessful proxy fight for more control over the bank’s dealings earlier this month. Texas-based Clover Partners, which owns about $7.8 million ...

      (Read Full Article)

      Mentions:   Hampden Bank   Glenn Welch

    11. Nuvo Bank & Trust Co. of Springfield announces positive results | masslive.com

      Explore masslive.com (Nov 19 2013)

      Nuvo Bank & Trust Co. of Springfield announces positive results | masslive.com

      Nuvo Bank & Trust Co. announced net income of $2.26 million, or 96 cents per share, for the nine months ended Sept. 30, compared with $514,000, or 28 cents per share, for the nine months ended Sept. 30, 2012.  Net income was $100,000, or 4 cents per share, for the three months ended Sept. 30, 2013, compared with $207,000, or 11 cents per share, for the three months ended Sept. 30, 2012.

      (Read Full Article)

    12. United Bank to merge with Connecticut's Rockville Financial, ups competition with Berkshire Bank

      Explore bizjournals (Nov 15 2013)

      At $4.8 billion post merger, United would have been the fourth-largest bank based in Massachusetts, had it opted to remain headquartered in the Bay State. Instead, United will become the third-largest bank in the Nutmeg State, behind only People’s United Bank and Webster Bank. United's new headquarters will be in Glastonbury, Conn., where Rockville’s administrative offices were relocated in 2011.

      (Read Full Article)

      Mentions:   West Springfield   Springfield   United Bank

    13. MassMutual Named One of 2013 Working Mother 100 Best Companies

      Explore sacbee.com (Nov 13 2013)

      MassMutual Named One of 2013 Working Mother 100 Best Companies

      Working Mother magazine named Massachusetts Mutual Life Insurance Company (MassMutual) as one of the 2013 Working Mother 100 Best Companies for its commitment to progressive workplace programs, including child care, flexibility, advancement and paid time off. MassMutual employee Amanda Wallace, assistant vice president of strategy and planning for the company's U.S. insurance business, also has been recognized as one of the Working Mothers of the Year for representing the best in working motherhood as well as for her outstanding leadership ability.


      Read more here: http://www.sacbee.com/2013/11/12/5904982/massmutual-named-one-of-2013-working.html#storylink=cpy
      (Read Full Article)

      Mentions:   MassMutual   Springfield

    14. Hampden Bank keeps activists off board, will consider sale anyway

      Explore bizjournals (Nov 8 2013)

      Hampden Bank keeps activists off board, will consider sale anyway

      Hampden Bank’s shareholders have rejected an effort by a Texas hedge fund to put two members on the bank’s board of directors and push the bank toward a sale. Nonetheless, the bank said it will still evaluate whether a sale makes sense.

      In a regulatory filing, Hampden Bancorp, parent of the Springfield-based bank, says it hired investment bank Sterne, Agee & Leach Inc. to identify and evaluate “strategic and/or operating scenarios intended to maximize shareholder value.”

       

      (Read Full Article)

      Mentions:   Springfield   Hampden Bank

    15. MassMutual announces record dividend estimated at $1.49 billion

      Explore masslive.com (Nov 5 2013)

      MassMutual announces record dividend estimated at $1.49 billion

      MassMutual Financial Group has approved the insurer's largest dividend payout in history for 2014.  The record payout to eligible policy holders is estimated at $1.49 billion. The dividends to be paid in 2014 reflect a dividend interest rate of 7.1 percent for eligible policy holders, an increase over last year’s rate of 7 percent flat.

      (Read Full Article)

      Mentions:   MassMutual   Springfield

    16. TD Bank volunteers plant trees, shrubs, bulbs at Springfield's Riverfront Park in continued tornado recovery efforts

      Explore masslive.com (Oct 30 2013)

      TD Bank volunteers plant trees, shrubs, bulbs at Springfield's Riverfront Park in continued tornado recovery efforts

      City and state officials, including Mayor Domenic Sarno, thanked the volunteers and TD Bank and the nonprofit organization Regreen Springfield for their replanting efforts. TD Bank donated labor as well as $20,000 for costs related to the tree-planting efforts.

      (Read Full Article)

      Mentions:   Domenic J. Sarno   TD Bank   Springfield

    17. Great Gardens: MassMutual employees tend garden at Springfield headquarters, deliver produce to food pantries

      Explore masslive.com (Oct 30 2013)

      Great Gardens: MassMutual employees tend garden at Springfield headquarters, deliver produce to food pantries

      MassMutual’s partnership with the Food Bank of Western Massachusetts also includes an annual summer food drive to help boost inventories for the food bank and its affiliated pantries. This year MassMutual employees donated more than 4,000 pounds of non-perishable food items ranging from canned goods to baby formula, and plans are already underway for next year’s food drive and garden. “The dedication of our employees in making the garden and food drive a success is truly inspiring, and we are so very proud of their generosity and commitment to our communities,” noted Fyntrilakis. “We look forward to ...

      (Read Full Article)

      Mentions:   MassMutual   West Springfield   Springfield

    18. Hampden Bank, dissident shareholders in proxy fight; investors demand sale or merger to boost profits

      Explore masslive.com (Oct 28 2013)

      Hampden Bank, dissident shareholders in proxy fight; investors demand sale or merger to boost profits

      Hampden Bank, founded here in 1852 and headquartered downtown on Harrison Avenue, faces a proxy fight from shareholders based in Texas who want seats on the board and for the bank to seriously explore selling out or merging with another bank to increase earnings. "Getting a return for investors, that's what being a public company is about," Johnny Guerry of Clover Partners LLC in Dallas said in a phone interview last week. "It's not about selling stock and bringing in all this money so you can pay your executives."

      (Read Full Article)

      Mentions:   Springfield   Chicopee   Chicopee Savings Bank

    19. Massachusetts community bankers say things going well, but state legal reforms needed

      Explore masslive.com (Oct 28 2013)

      Massachusetts community bankers say things going well, but state legal reforms needed

      Local banks have grown through the recession and local bankers are seeing a recovery, even if it is s a slow recovery. But to keep the good news coming, they say they need state lawmakers to pass legislation streamlining regulations and encouraging them to keep up with technology. The banks also are asking that state regulations also be brought into line with federal rules that got tougher in the wake of the financial crisis.

      (Read Full Article)

      Mentions:   Springfield   Greenfield   United Bank

    20. Easthampton Savings Bank to open new Belchertown branch

      Explore masslive.com (Oct 21 2013)

      Easthampton Savings Bank to open new Belchertown branch

      The new Belchertown branch at 40 State St. now under construction for Easthampton Savings Bank – located just down the road from the current office — will open for business on Jan. 6, company president Matthew Sosik confirmed in a recent interview.

      (Read Full Article)

      Mentions:   Springfield   Northampton   Westfield

    21. BofA earnings surge

      Explore bizjournals (Oct 17 2013)

      BofA earnings surge

      Bank of America Corp. (NYSE:BAC) today reports net income to common shareholders of $2.2 billion, as revenue improved from the same period a year ago and expenses and provisions for loan losses declined.

      (Read Full Article)

      Mentions:   Bank of America

    22. Why TD's bid for Citizens would be cause for indigestion

      Explore bizjournals (Oct 17 2013)

      Why TD's bid for Citizens would be cause for indigestion

      But in a lot of ways, a TD purchase of Citizens makes a lot of sense. For example, with Citizens in its pocket, TD’s deposit base in Massachusetts would be within striking distance of Bank of America’s. TD’s presence in the markets it already serves would be even more intense.

      (Read Full Article)

      Mentions:   TD Bank   Bank of America

    23. Como te llamas? Santander officially retires the Sovereign Bank nameplate

      Explore bizjournals (Oct 17 2013)

      Como te llamas? Santander officially retires the Sovereign Bank nameplate

      By now, most traces of the Sovereign name are gone, replaced by Santander Bank, and the new tagline, “A bank for your ideas.”
      Bank officials say Sovereign customers won’t be bothered by the transition. Account numbers, PIN numbers, log-in information, passwords and checks all stay the same.

      (Read Full Article)

    24. TEDx Springfield event to bring speakers focused on innovation to city

      Explore masslive.com (Oct 16 2013)

      TEDx Springfield event to bring speakers focused on innovation to city

      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)

      Mentions:   Springfield College   MassMutual   Springfield Renaissance School

    49-72 of 353 // « 1 2 3 4 5 6 ... 13 14 15 »