1. Articles in category: Financial Services

    49-72 of 339 // « 1 2 3 4 5 6 ... 13 14 15 »
    1. 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

    2. 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

    3. 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

    4. 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

    5. 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

    6. 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

    7. 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

    8. 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

    9. 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)

    10. 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

    11. Report: TD planning $12.8B bid for Citizens

      Explore bizjournals (Oct 15 2013)

      Report: TD planning $12.8B bid for Citizens

      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)

      Mentions:   TD Bank

    12. Pioneer Valley Planning Commission paints positive, yet fragile, picture of the local economy

      Explore masslive.com (Oct 14 2013)

      Pioneer Valley Planning Commission paints positive, yet fragile, picture of the local economy

      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)

      Mentions:   Pioneer Valley Planning Commission   MassMutual   Springfield

    13. Mason Square supermarket in Springfield, other projects might gain from Working Cities Challenge

      Explore masslive.com (Oct 14 2013)

      Mason Square supermarket in Springfield, other projects might gain from Working Cities Challenge

      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)

      Mentions:   Holyoke Community College   Big Y Foods   MassMutual

    14. New $100 bills, made with Crane & Co. paper from Dalton, allow tellers to feel denomination

      Explore masslive.com (Oct 9 2013)

      New $100 bills, made with Crane & Co. paper from Dalton, allow tellers to feel denomination

      '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)

      Mentions:   West Springfield   Springfield   United Bank

    15. MassMutual in Springfield helps provide free legal help for elders

      Explore masslive.com (Oct 2 2013)

      MassMutual in Springfield helps provide free legal help for elders

      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)

      Mentions:   MassMutual   Springfield

    16. PeoplesBank opens new green office on King Street in Northampton | masslive

      Explore masslive.com (Sep 30 2013)

      PeoplesBank opens new green office on King Street in Northampton | masslive

      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)

      Mentions:   Northampton

    17. Cornerstone pays $111M for Financial District tower

      Explore bizjournals (Sep 6 2013)

      Cornerstone pays $111M for Financial District tower

      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)

      Mentions:   MassMutual

    18. TD Bank Q3 profit down 13% on insurance losses

      Explore bizjournals (Aug 30 2013)

      TD Bank Q3 profit down 13% on insurance losses

      The U.S. banking operation generated a $445 million ($424 million USD) profit, a 57 percent increase.

      (Read Full Article)

      Mentions:   TD Bank

    19. First Niagara donates $10,000 to Greater Holyoke YMCA renovation efforts | masslive.com

      Explore masslive.com (Aug 29 2013)

      First Niagara donates $10,000 to Greater Holyoke YMCA renovation efforts | masslive.com

      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)

    20. United Bank in West Springfield has 'big appeal': Barron's

      Explore masslive.com (Aug 12 2013)

      United Bank in West Springfield has 'big appeal': Barron's

      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)

      Mentions:   West Springfield   Berkshire Bank   Springfield

    21. Hampden Bank reports $3 million in net income for 2nd quarter 2013

      Explore masslive.com (Aug 12 2013)

      Hampden Bank reports $3 million in net income for 2nd quarter 2013

      Hampden Bancorp, parent company of Hampden Bank, reported this week $3 million in net income for the quarter ending June 30, the same amount recorded in the same time period a year before.

      (Read Full Article)

      Mentions:   West Springfield   Springfield   Hampden Bank

    22. Hampden Bank cuts streamline executive suite, cost $300K

      Explore bizjournals (Aug 8 2013)

      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)

      Mentions:   Springfield   Chicopee   Hampden Bank

    23. Update on Shared Service Center Initiative

      Explore From the EDC (Jul 31 2013)

      Update on Shared Service Center Initiative

      The EDC hosted a roundtable discussion in June featuring
      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 ...

      (Read Full Article)

      Mentions:   Michael Graney   Gregory P. Bialecki   Economic Development Council of Western Massachusetts

    24. Sovereign Bank to change its name to Santander Bank

      Explore masslive.com (Jul 28 2013)

      Sovereign Bank to change its name to Santander Bank

      Sovereign Bank, N.A., a wholly-owned subsidiary of Santander Holdings USA and one of the 25 largest retail banks in the United States by deposits, announced plans to market itself under the Santander brand and legally change its name to Santander Bank.

      (Read Full Article)

      Mentions:   Springfield   Northampton   Chicopee

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