1. Articles in category: Financial Services

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    1. TD Bank Names Steve Webb Regional President for Southern New England

      TD Bank Names Steve Webb Regional President for Southern New England

      TD Bank named Steve Webb regional president for Southern New England. In this role, Webb will lead commercial and retail banking teams in Massachusetts, Rhode Island, Upstate New York, and Connecticut. “Steve’s leadership and strategic mindset are widely recognized at TD Bank and within the New England business community, making him a clear choice to lead this region,” said Chris Giamo, head of Commercial Bank. “We are confident that Steve, along with the entire Southern New England TD team, will continue to drive growth and market share in this important geography.”

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      Mentions: TD Bank
    2. PeoplesBank Internship Program Named to Top-100 List in the U.S.

      PeoplesBank Internship Program Named to Top-100 List in the U.S.

      PeoplesBank joined Google, Facebook, BMW, Southwest Airlines, and more top companies on the 2019 WayUp Top 100 Internship Programs list. WayUp is a professional networking application that connects college students and recent graduates to career opportunities with reputable employers. According to WayUp, the bank was selected because “PeoplesBank interns not only get a behind-the-scenes look at what it takes to operate a bank, they also get hands-on experience to work on passion projects like Habitat for Humanity’s Build Days.” The list is determined by a panel of industry experts who consider everything from public votes to internship-program highlights. More ...

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    3. Former Yankee Pedlar owner Jeff Clayton says PeoplesBank project ‘looks great’

      Former Yankee Pedlar owner Jeff Clayton says PeoplesBank project ‘looks great’

      Jeff Clayton probably shouldn’t take Exit 16 from Interstate 91 to get to work at the Martin J. Clayton insurance Agency. The more direct route would be Exit 17A. But Exit 17A wouldn’t take him past the Yankee Pedlar, the restaurant that his family owned for 22 years before selling the buildings and land to PeoplesBank in 2017 for $1.16 million. Two years of design and construction followed and on Sept. 3 PeoplesBank will open its new Pedlar banking center at the site, having retained the portions of the old Hildreth House as a community room and ...

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      Mentions: Holyoke
    4. MassMutual Foundation donates $1.5M for Way Finders Housing Center at former Peter Pan site

      MassMutual Foundation donates $1.5M for Way Finders Housing Center at former Peter Pan site

      The MassMutual Foundation has donated $1.5 million to Way Finders toward the new Housing Center the agency is building at the former Peter Pan Bus Lines site at 1780 Main St. MassMutual Foundation announced the donation Tuesday. The $1.5 million, along with some other donations, puts Way Finders 75% of the way to its fundraising goal of raising $2.5 million for the $16.8 million building, said Peter A. Gagliardi, chief executive officer of Way Finders.

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    5. River Valley Co-op exceeds $5 million financing goal for Easthampton store

      River Valley Co-op exceeds $5 million financing goal for Easthampton store

      River Valley Co-op said this week that members have loaned $5.2 million toward its new store in Easthampton. That exceeded the co-op’s goal of raising $5 million. The loans came form 300 members. Total development costs are projected to be about $17 million. The co-op expects more economic development financing from other sources, according to a news release. River Valley Co-op opened its first store at 330 North King St. in Northampton in 2008. It said it expects construction of the Easthampton store to begin this fall and for the store to be open in the fall of ...

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    6. Greenfield Cooperative Bank Maintains a Solid Pace of Growth

      Greenfield Cooperative Bank Maintains a Solid Pace of Growth

      Like most all bank presidents in the 413, Michael Tucker would concede that a great many of the region’s communities are heavily populated with financial institutions, or “overbanked,” to use the term most would put into play. He’s inclined to include Greenfield on that list, and gestures out the window of his office to make his point. “They used to call the other end of the street Bank Row,” he said, referring to a stretch of Federal Street now occupied by what once were stately bank offices, many of them redeveloped for other uses. “They really should call ...

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    7. PeoplesBank preserves Yankee Pedlar memories on site of Holyoke landmark

      PeoplesBank preserves Yankee Pedlar memories on site of Holyoke landmark

      PeoplesBank president and CEO Thomas Senecal said that anyone could have bought the failed Yankee Pedlar restaurant property on Northampton Street. “But most buyers wouldn’t have done what we did with it,” he said. What the Holyoke-based bank did was to preserve the original Hildreth House mansion as a community room and meeting space, while building a state-of-the-art banking center and branch office. While Senecal wouldn’t say how much the new office costs, he said it is more expensive than an average new bank branch.

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    8. New Valley Bank & Trust Co. Officially Opens Its Doors

      New Valley Bank & Trust Co. Officially Opens Its Doors

      Springfield’s first startup bank in 11 years has officially opened its doors. New Valley Bank & Trust Co. received final regulatory approval and staged a press conference on June 10 to celebrate what co-founder Jeff Sullivan called “a business bank for the ambitious.” “We’re mindful of the privilege we’ve been granted, and we intend to not only be responsive to our shareholders, but to be responsible to the communities we serve,” co-founder Frank Fitzgerald added during a gathering of supporters, co-investors, business leaders, and elected officials.

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    9. Fortune 500: Where did Massachusetts companies like MassMutual and General Electric rank? - masslive.com

      Fortune 500: Where did Massachusetts companies like MassMutual and General Electric rank? - masslive.com

      MassMutual is No. 84 on the Fortune 500 list of the largest companies, with $39.2 billion in revenue and $398 million in profits.  The prestigious list came out in the June edition of the magazine and online this week.  It’s MassMutual’s 25th year on the list, Fortune said. Last year it was ranked at 93. MassMutual has been in the coveted Fortune 100 since 2013.

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    10. Wellfleet insurance moving into ‘inspirational’ space in Springfield’s Tower Square; name will appear on building

      Wellfleet insurance moving into ‘inspirational’ space in Springfield’s Tower Square; name will appear on building

      Wellfleet’s new office space on the 10th, 11th and 12th floors of Tower Square is “inspirational”, company president and CEO Drew DiGiorgio said Friday at a news conference formally announcing the company’s move downtown. Wellfleet has outgrown its space on Roosevelt Avenue and is expanding to Tower Square, taking over about 50,000 square feet of office space in the 28-floor tower. MassMutual subsidiary Barings previously occupied the space.

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    11. Florence Bank Recognizes 11 People for Community Service, Grants $5,500 to 11 Nonprofits

      Florence Bank Recognizes 11 People for Community Service, Grants $5,500 to 11 Nonprofits

      In 2011, it seemed a leukemia diagnosis was the worst thing that could happen to Gayle Bradley’s grandson. But in 2015, after four years of remission, the then-10-year-old Luke Bradley relapsed and also contracted bacterial meningitis. Luke spent six weeks in intensive care, suffered seizures, and barely survived the damage to his ventricles and brain. Luke spent 15 months living in a hospital and recovered slowly. Now, he is in remission once again, and just completed his freshman year of high school. Clearly impacted by the trauma of Luke’s illness, his family founded a nonprofit, called LukeStronger Inc ...

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    12. Gareth Ross to Head MassMutual’s Enterprise Technology and Experience Organization

      Gareth Ross to Head MassMutual’s Enterprise Technology and Experience Organization

      MassMutual announced that Gareth Ross has been named head of the new Enterprise Technology and Experience (ETX) organization, which is responsible for all of the company’s internal and external technology and digital efforts, as well as direct-to-consumer marketing efforts. Industry leaders Arthur Riel and Jim Routh have also joined MassMutual and the ETX organization as head of Core Technology & Initiatives and head of Enterprise Information Risk Management, respectively. “Gareth brings a distinct combination of strategic vision and proven ability to build and lead top teams to this expanded role,” said Roger Crandall, MassMutual chairman, president, and CEO. “I am ...

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    13. New Valley Bank & Trust Co., first Springfield bank in 11 years, opens Thursday

      New Valley Bank & Trust Co., first Springfield bank in 11 years, opens Thursday

      New Valley Bank & Trust Co., the first startup bank in Springfield in 11 years, will begin opening accountsand accepting deposits on Thursday, May 30. New Valley — the only bank with its headquarters in Springfield — received its final regulatory approval, this one from the Federal Reserve Bank of Boston, on Wednesday.

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    14. MassMutual moving Barings out of Tower Square; Springfield-grown Wellfleet taking its place

      MassMutual moving Barings out of Tower Square; Springfield-grown Wellfleet taking its place

      Barings, the investment management arm of Springfield’s MassMutual, is closing its Springfield location in Tower Square. The move has cleared the way for another insurance company, Wellfleet, to move in. Barings has been relocating employees away from Springfield since it opened a headquarters in Charlotte, North Carolina, in 2016, said spokeswoman Kelly Smith in an email Monday. She offered no further detail about when the Springfield office would finally close.

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    15. Berkshire Bank Announces 2019 Volunteer Service X-ellence Award Winners

      Berkshire Bank Announces 2019 Volunteer Service X-ellence Award Winners

      Berkshire Bank announce the 2019 Volunteer Service X-ellence Award winners: Leonard O’Dea, money desk officer in Pittsfield, for his leadership and individual volunteer service activities outside of his role at the bank; Melissa Myers, compliance analyst in Pittsfield, for her leadership and service in both company-supported and individual volunteer activities; and Shanatia Bygrave, financial services representative in Hudson, N.Y., for her leadership and participation in the bank’s corporate volunteer program.

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      Mentions: Berkshire Bank
    16. PeoplesBank Named Second-fastest-growing Bank in Massachusetts

      PeoplesBank Named Second-fastest-growing Bank in Massachusetts

      he Boston Business Journal published its list of the fastest-growing banks in Massachusetts, and, following its acquisition of First National Bank of Suffield, PeoplesBank ranked second on the list. “About 50% of our growth came from the merger,” said Brian Canina, chief financial officer of PeoplesBank. “But the untold story is that the rest of that growth was organic. We attribute our organic growth to our mutual charter. We do not have to divert earnings to shareholders, so we can reinvest in our organization and the communities we serve. That means improved technology, better products and services — including rates and ...

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      Mentions: Holyoke
    17. Florence Bank Names President’s Award Winners for 2019

      Florence Bank Names President’s Award Winners for 2019

      Florence Bank recently announced that Justin LaMontagne and Jennifer Halpin were named the recipients of its 2019 President’s Award. The President’s Award is a tradition established by the bank in 1995, affording employees opportunities to nominate their peers for this prestigious award that recognizes outstanding performance, customer service, and overall contribution to Florence Bank. LaMontagne and Halpin were nominated by numerous colleagues.

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    18. MassMutual, with more than 10,000 employees worldwide, has eliminated traditional job titles

      MassMutual, with more than 10,000 employees worldwide, has eliminated traditional job titles

      Springfield-based MassMutual has eliminated traditional job titles, meaning roles like "assistant vice president" no longer exist within the company. Susan Cicco, MassMutual's head of Human Resources and Employee Experience, said the titles were confusing and didn't accurately reflect what employees contributed to the organization.

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    19. United Bank puts former West Springfield headquarters on the market for $3.35M

      United Bank puts former West Springfield headquarters on the market for $3.35M

      United Bank, now based in Hartford, has put its former headquarters at 95 Elm Street in West Springfield on the market for $3.35 million. United Bank merged in 2014 with the former Rockville Bank in Connecticut. The resulting bank took the United name but moved its headquarters to Connecticut.

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    20. Longtime TD Bank Executive David Glidden to Take Reins at Liberty Bank

      Longtime TD Bank Executive David Glidden to Take Reins at Liberty Bank

      Connecticut-based Liberty Bank announced that David Glidden will serve as its new president and CEO, effective March 18, succeeding Chandler Howard, who has led the bank since 2007. “We extend a warm welcome to David as he joins Liberty Bank,” said Mark Gingras, chairman of the Liberty Bank board of directors. “After an extensive, nationwide search, we are confident that David’s leadership experience and remarkable achievements will lead Liberty Bank toward a future of continued growth, outstanding customer service, and community involvement.”

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    21. New Valley Bank & Trust names senior staff, board of trustees | masslive.com

      New Valley Bank & Trust names senior staff, board of trustees | masslive.com

      New Valley Bank & Trust Co., the first new bank to open in Springfield in 12 years, announced its board of trustees and key senior staff members Tuesday.  New Valley will have its executive offices and a small walk-up retail branch in the Monarch Place office tower downtown. It is also planning to open a branch office in Sixteen Acres.

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