1. Articles in category: Financial Services

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    1. Outside the Box

      Outside the Box
      “Employers are trying to get more out of workers with less of a footprint than before in terms of space,” he explained. “I also think that, when many companies rightsized during this downturn, more was expected from the workers that remain. I also think there’s been some major shifts in the way we do business.” In addition, “the work stations are getting smaller because computers are getting smaller,” said Scott Montemerlo, account executive at the Lexington Group. “And they don’t need to have all the filing underneath.
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    2. Massachusetts deposits $50 million in community banks to boost small business loans

      Massachusetts deposits $50 million in community banks to boost small business loans
      State Treasurer Steven Grossman opened the Small Business Banking Partnership on Thursday by depositing $5 million into Pentucket Bank in Haverhill. Another $45 million was wired to nine other small banks, from Arlington to Ayer to Chicopee. Twenty-five additional banks have committed to participating.
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    3. Local banks stepping up in business lending according to study

      Local banks stepping up in business lending according to study
      Community banks in Massachusetts lent just more than $10 billion to small businesses in 2010, a figure that had increased steadily from the $6.8 billion lent back in 2004. Community banks increased their volume of lending by $467 million or 5.3 percent in 2008, $622 million or 6.7 percent in 2009, and $120 million or 1.2 percent as September 2010.
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    4. MassMutual Awarded Prestigious LEED® Green Building Certification

      MassMutual Awarded Prestigious LEED® Green Building Certification
      Massachusetts Mutual Life Insurance Company (MassMutual) announced today that it has been awarded LEED® Silver certification for Existing Buildings at its corporate office in Springfield, MA. The Leadership in Energy and Environmental Design (LEED) Rating System was designed by the U.S. Green Building Council to encourage and facilitate the development of more sustainable buildings. LEED is the nation's preeminent program for the design, construction and operation of high performance green buildings.
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    5. Treasurer Steve Grossman traveling Massachusetts to promote program to deposit state money into local banks to boost small business loans

      Treasurer Steve Grossman traveling Massachusetts to promote program to deposit state money into local banks to boost small business loans
      Thomas R. Creed, senior vice president and regional executive for Berkshire Bank, which operates 10 banks in Hampden County, said that his bank intends to apply for a share of the deposits under Grossman’s program.
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    6. Jefferies and MassMutual Increase Their Commitments to Jefferies Finance LLC

      “We are pleased to extend our commitment to Jefferies Finance LLC, as it has been a successful investment for our company and its policyholders," said Thomas M. Finke, Executive Vice President and Chief Investment Officer, MassMutual, and Chairman and CEO, Babson Capital. "This business continues to be a thriving joint venture for both organizations, as it expands the capabilities of Jefferies’ leading investment banking franchise while providing an additional source of earnings for MassMutual."
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    7. PeoplesBank Awarded Prestigious LEED Green Building Certification

      PeoplesBank Awarded Prestigious LEED Green Building Certification
      PeoplesBank announced today that it has been awarded LEED Silver certification established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute (GBCI) for their office located at 1051 St. James Avenue in Springfield, MA. LEED is the nation’s preeminent program for the design, construction and operation of high performance green buildings.
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