1. Articles in category: Financial Services

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    1. Bankers Say Institutions Are Committed to Helping Communities Through the Crisis

      Bankers Say Institutions Are Committed to Helping Communities Through the Crisis

      Steve Lowell called it a “fireside chat.” That’s how he chose to describe his efforts to reach out to customers during this time of crisis and communicate a number of key points. “With my wife holding my phone in front of me and me speaking onto the camera … we put it on our YouTube channel and sent out an e-mail blast with a link to it for our customers to get an update,” said Lowell, president and CEO of Monson Savings Bank, adding that, like the creator of the original fireside chat, Franklin Roosevelt, he used his to talk ...

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    2. Kevin Day Begins a New Phase as President of Florence Bank

      Kevin Day Begins a New Phase as President of Florence Bank

      In some ways, Kevin Day is no stranger to running Florence Bank — he was already overseeing about 90% of its departments as executive vice president, a series of responsibilities he gradually took on after coming aboard as CFO in 2008. So he was a natural choice to succeed John Heaps Jr., who recently stepped down after 25 years as president. Day’s mandate is simple — keep a bank known for its steady, organic growth moving forward, and keep cultivating the culture of teamwork that allows such growth to occur.

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    3. Behavioral Health Network Receives $15,000 Grant From Country Bank

      Behavioral Health Network Receives $15,000 Grant From Country Bank

      Behavioral Health Network Inc. (BHN) has been awarded a $15,000 grant from Country Bank, which will fund direct services for BHN’s domestic-violence programs in Ware. Country Bank’s grant to BHN will be used for innovative support and advocacy services for domestic-violence survivors, which includes partnering with Country Bank employees in offering the economic-freedom initiative known as Money School. BHN’s Money School program is an award-winning, trauma-informed financial-independence initiative designed to create long-term safety and economic security for survivors of domestic violence.

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    4. PeoplesBank, Holyoke Craft Beer to Unveil PeoplesStout at Release Party Today

      PeoplesBank, Holyoke Craft Beer to Unveil PeoplesStout at Release Party Today

      PeoplesBank has found a new way to celebrate its founding on St. Patrick’s Day in 1885, its deep Holyoke roots, and its support of the Holyoke St. Patrick’s Road Race and Parade: a new local beer called PeoplesStout. The bank partnered with Holyoke Craft Beer to produce PeoplesStout, an Irish stout featuring the traditional warm, roasty character one would expect in a traditional Irish stout, with a subtle twist. It is brewed from mostly local ingredients, including barley from Valley Malt in Hadley.

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      Mentions: Holyoke
    5. MassMutual plans to expand parking lots, internal roads at Springfield headquarters

      MassMutual plans to expand parking lots, internal roads at Springfield headquarters

      MassMutual is asking the city for zoning changes so it can expand surface parking lots and the internal road system at its State Street headquarters. The insurance giant has asked the city to change the zoning from Residence B classification to Commercial P on properties it owns on Buchholz, Providence and Clarence streets, according to legal notices printed in The Republican as part of the zone change process. The side-street properties are all part of MassMutual’s 89-acre campus.

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    6. Florence Bank Tops $1.2 Million in Customers’ Choice Community Grants Program

      Florence Bank Tops $1.2 Million in Customers’ Choice Community Grants Program

      When parents believe their child is headed down the wrong path, they often panic. That’s why it’s essential to have organizations like the CARE Coalition of West Springfield. As a nonprofit focused on the prevention of youth substance abuse, staff there can answer questions, provide recommendations, and tell parents where to get help. For the first time this year, the CARE Coalition will receive a $1,232 grant from Florence Bank through its Customers’ Choice Community Grants Program during the 18th annual event, to be held Tuesday, March 10 from 5 to 7 p.m. at the Garden ...

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    7. Bank of America Entrusts More Than $22 Million to Community Foundation

      Bank of America Entrusts More Than $22 Million to Community Foundation

      After collaborating with the Community Foundation of Western Massachusetts (CFWM) for 29 years, the Bank of America in May transferred three trusts totaling more than $22 million to the Valley-wide grant funder. The move brings CFWM’s total earned assets from roughly $153 million to $175 million and bolsters its role as an enduring philanthropic leader in the Pioneer Valley. “That the Bank of America has enough faith in us and what we can do, and in our ability to effectively administer funds, acknowledges that we are truly a leader of philanthropy in the Pioneer Valley,” said Elizabeth Sillin, trustee ...

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    8. HUB International Continues to Grow Its Footprint in the Region

      HUB International Continues to Grow Its Footprint in the Region

      When FieldEddy Insurance entered the HUB International family a little over five years ago, it traded a name with a rich regional history for one backed by the resources of a large corporation. The result has been the best of both worlds — HUB’s clout improves the office’s ability to grow specific niches through talent development, while the company is still able to focus on local needs with an emphasis on building deeper relationships with customers.

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    9. 'The un-office office’: MassMutual revamps State Street headquarters as it grows in Springfield and Boston

      'The un-office office’: MassMutual revamps State Street headquarters as it grows in Springfield and Boston

      The oldest Massachusetts Mutual Life Insurance policy that’s yet to be claimed belongs to a 103-year-old man in Pennsylvania. Taken out in 1928, the policy has been in force for 92 years. “Which means someone, a parent or a grandparent, took out that policy in that insured man’s name when he was 11,” says Roger W. Crandall, MassMutual’s chairman, president and CEO.

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    10. Florence Bank President John Heaps retiring in May; Kevin Day named successor

      Florence Bank President John Heaps retiring in May; Kevin Day named successor

      Florence Bank President and CEO John F. Heaps Jr. announced Wednesday that he will retire in May after 25 years. Heaps, 71, is the longest-serving CEO in the 147-year history of Florence Bank. Florence Bank is headquartered in the Florence section of Northampton. It’s a mutual bank, owned by its depositors.

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    11. Monson Savings Bank Announces 2020 Scholarship Program

      Monson Savings Bank Announces 2020 Scholarship Program

      The 2020 Monson Savings Bank scholarship application is now available to graduating high-school seniors residing in Hampden and Wilbraham. Applications are available at 15 Somers Road, Hampden, and 100 Post Office Park, Wilbraham. The purpose of the Monson Savings Bank scholarship is to promote the attainment of higher education for graduating seniors who reside within the bank’s footprint. Three $2,000 scholarships will awarded to graduating seniors who reside in Hampden or Wilbraham. Graduating seniors must be planning to attend an accredited college, technical school, or certification program. Scholarship awards will be based on the applicant’s financial need ...

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    12. Steve Lowell to Step Down in 2021 as Monson Savings Bank President

      Steve Lowell to Step Down in 2021 as Monson Savings Bank President

      Steve Lowell, who has served as president of Monson Savings Bank (MSB) for the last nine years, announced his retirement effective February 2021. He is looking forward to continuing to serve in a vital role with the bank as chairman of the board. The bank’s board of directors announced that Daniel Moriarty Sr. has been named the bank’s president effective February 2021. Moriarty has been with MSB for 22 years, serving as senior vice president and chief financial officer since 2011. He joined the bank in 1998 as an accounting manager, became controller in 2002, assistant vice president ...

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    13. bankESB and Its Employees Support United Way of Hampshire County

      bankESB and Its Employees Support United Way of Hampshire County

      Matthew Sosik, president and CEO of bankESB, announced that the bank recently donated $61,000 to the United Way of Hampshire County. The bank directly pledged $25,000, while the bank’s employees contributed another $36,000 of their own funds in support of the United Way’s workplace campaign. That campaign provides employees with the opportunity to donate and direct funds, volunteer time, and advocate for causes that are most important to them.

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    14. New Branch Manager Joins Greenfield Cooperative Bank

      New Branch Manager Joins Greenfield Cooperative Bank

      Michael E. Tucker, President & CEO of Greenfield Cooperative Bank, announced today that Courtney Huxley has joined the bank as the future Branch Manager of our new South Hadley location. “Courtney has more than 15 years of banking experience,” said Tucker. “Most recently, she was the branch manager at another bank in Northampton. Prior, she was, coincidently, the branch manager at a bank in South Hadley, which we purchased and are scheduled to open in January 2020.

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    15. PeoplesBank Donates $50,000 to HCC Foundation

      PeoplesBank Donates $50,000 to HCC Foundation

      When Holyoke Community College student Christopher Royster needed help repairing his credit after an incident of identity theft, he knew where to turn — the Thrive Student Resource Center at HCC. Thrive@HCC is known mostly for providing support to students experiencing food and housing insecurity. Thrive manages HCC’s Food Pantry and provides free grab-and-go snacks to hungry students as well as financial-management and budget-planning consulations. More than that, though, Thrive staff can assist students as they negotiate the complex bureaucracies associated with myriad issues, such as health insurance, food, housing and utility assistance, and credit repair.

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    16. TD Bank Awards Baystate Health $1 Million Ready Challenge Grant

      TD Bank Awards Baystate Health $1 Million Ready Challenge Grant

      Baystate Health received a $1 million grant from TD Bank to further the health system’s commitment to the communities it serves by funding an innovative new mobile preventive health clinic called the TD Bank – Baystate Health Bus. Baystate Health is one of only four healthcare organizations in the U.S., along with six in Canada, to receive the Ready Challenge Grant from the TD Bank Group to support programs aimed at improving access to early detection of disease and disease intervention.

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    17. Baystate Health state-of-the-art mobile clinic invokes memories of old-fashioned house calls

      Baystate Health state-of-the-art mobile clinic invokes memories of old-fashioned house calls

      As innovative as it is, the new mobile health clinic Baystate Health will start with a $750,000 Ready Challenge Grant from TD Bank is in some ways a step back in time. Baystate and TD Bank announced the grant at news conference Friday. It’ll pay for a state-of-the -art mobile medical office built into an RV-like bus. The bus will serve hard-to-reach areas both in urban centers and rural communities.

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    18. Westfield Bank buys Huntington United Bank office that was slated to close, saving only bank in the hilltowns

      Westfield Bank buys Huntington United Bank office that was slated to close, saving only bank in the hilltowns

      Westfield Bank will buy the former United Bank branch on Route 20 in Huntington that had planned to close early next year. Westfield Bank will open its own branch in the space, which has a street address of 14 Russell Road. The transaction will be complete in February. The loss of the office would have been a headache for residents of rural Huntington, who would have had to travel to Westfield, Northampton or Lee to go to a bank branch.

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    19. Florence Bank Unveils Renovated Easthampton Branch

      Florence Bank Unveils Renovated Easthampton Branch

      Florence Bank has completed a renovation of the interior and drive-through at its existing Easthampton branch at 5 Main St.  The renovation is part of Florence Bank’s ongoing effort to align its physical branch locations with modern banking offerings and customer needs. The Easthampton renovation included interior updates and modernizations, along with two new ATMs. Florence Bank is a full-service, mutually owned bank based in Florence and has served the Easthampton community for 20 years. It first merged with Easthampton Cooperative Bank and expanded and remodeled its present location on Main Street in 1999. The Easthampton location serves more ...

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      Mentions: Easthampton
    20. Florence Bank Receives Award from U.S. Small Business Administration

      Florence Bank Receives Award from U.S. Small Business Administration

      Florence Bank was recently recognized by the U.S. Small Business Administration (SBA) as the Western Massachusetts Third Party Lender of the Year for loans the bank administers to small businesses in the area. Michael Davey and Erin Couture, both vice presidents and commercial loan officers with the bank, accepted the award on Nov. 8 at an event held during SBA’s annual meeting at Clark University in Worcester. Davey explained that third-party loans, called SBA 504 loans, are offered by the bank in collaboration with certified development corporations such as Granite State Development Corp., Bay Colony Development Corp., and ...

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    21. Polish National Credit Union closing Exchange Street branch following renovations to nearby Chicopee offices

      Polish National Credit Union closing Exchange Street branch following renovations to nearby Chicopee offices

      Polish National Credit Union plans to close its Exchange Street location. An announcement has been posted on the credit union’s website. The decision follows the recent elimination of Thursday, Friday and Saturday hours at Exchange Street location last week. There is no date given for the expected closure.

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      Mentions: Chicopee Westfield
    22. PeoplesBank Issues $50,000 Challenge to Financial Institutions in Support of Square One

      PeoplesBank Issues $50,000 Challenge to Financial Institutions in Support of Square One

      One of Square One’s largest and longest-standing donors, PeoplesBank, is taking the season of giving to a new level. The bank has made its annual gift of $10,000 in support Square One’s work with children and families. Now, the company’s leadership is encouraging their peers at other banks and credit unions to match their gift with a donation of their own. The goal for the challenge is to raise an additional $50,000 from others in the banking community this holiday season.

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