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Daily News

SPRINGFIELD — BusinessWest magazine is currently accepting nominations for a new recognition program to honor a specific segment of the local population: women who are making an impact in and on this region. Nominees who score the highest in the eyes and minds of a panel of three independent judges will be honored at a luncheon on Thursday, Dec. 6 at the Sheraton Springfield.

“We decided to create a special program recognizing women because, after careful consideration, we decided that this region needed one and that BusinessWest was the right organization to do it,” Kate Campiti, associate publisher and sales manager for BusinessWest, explained. “While women have certainly made great strides over the past several decades, and many women have made great achievements and broken through that proverbial glass ceiling, doing so remains a stern challenge for many.”

‘Women of Impact’ was chosen as the name for the program because, while nominees can be from the world of business, they can also be from other realms, such as the nonprofit community, healthcare, public service, law enforcement, education, social work, the mentorship community, a combination of all these — any inspirational women on any level.

Nominations are due by Aug. 3. For guidlelines to consider when nominating, visit www.businesswest.com/women-of-impact. Nominations may be submitted at businesswest.com/women-of-impact-nomination-information-criteria.

Country Bank is a supporting sponsor of the event, and additional sponsorship opportunities are available. For more information, call Bevin Peters, Marketing and Events director, at (413) 781-8600, ext. 100, or e-mail [email protected].

Daily News

SPRINGFIELD — The Hampden County Bar Assoc., in conjunction with the Hampden County Legal Clinic and the Springfield City Library, will offer a free public question-and-answer forum on Thursday, July 26 from 4:30 to 6:30 p.m. This forum will be held at the Mason Square Branch Library, 765 State Street, Springfield, MA, 01109.

The topic of this event will be divorce and family law. A panel of lawyers will be available to answer questions about divorce and family-law topics including child support and custody, adoptions, and guardianships. The attorneys will answer general questions from the public during the information session, and speak about some of the most common scenarios litigants face. Questions will be fielded one at a time in this forum designed for the general public, and opportunities will be available to speak to an attorney in private.

This is a free event, and interested parties can pre-register so staff can budget time accordingly. Contact Caitlin Kelley at the Mason Square Branch Library at (413) 263-6853 or [email protected]. For more information, visit www.springfieldlibrary.org.

Daily News

WESTFIELD — The Environmental Business Council of New England (EBCNE) recognized the new, $18 million Worcester Ice Center with the James D.P. Farrell Award for Brownfields Project of the Year during its annual meeting and celebration on June 27. The event, which took place at the Copley Square Marriott in Boston, highlighted the multi-million-dollar remediation and redevelopment of the abandoned GKN Sinter Metals Manufacturing Complex into a 38,000-square-foot, state-of-the-art recreational facility on Harding Street in Worcester.

Tighe & Bond oversaw the project’s environmental remediation prior to site redevelopment. Completed last year, the Worcester Ice Center features twin ice rinks, shops, restaurants, and a variety of recreational venues. In addition, it provides a destination boost to the Worcester’s Canal District and the city’s ongoing revitalization efforts.

The James D.P. Farrell Award for Brownfields Project of the Year recognizes brownfields projects in which an EBCNE member organization has had significant involvement and that serves as an example of excellence. Each year, the EBCNE recognizes companies, organizations, and individuals for outstanding environmental and energy accomplishments in the promotion of a sustainable, clean environment through the EBEE Awards. These awards were established by the organization to encourage companies, government agencies, nonprofit organizations, and environmental professionals to serve as models for others to emulate and, in doing so, further the mission and objectives of the EBCNE.

Daily News

LUDLOW — HealthSouth Rehabilitation Hospital of Western Massachusetts recently named Kathy Casagrande as director of Case Management and Mary-Anne Schelb as Business Development director. These leadership-team members will support initiatives to uphold high-quality patient care at the 53-bed inpatient rehabilitation hospital located at 222 State St., Ludlow.

Casagrande has been a social worker and case manager in a hospital setting for more than 30 years. She received her bachelor’s degree in social work from Western New England College in 1985 and began her career at HealthSouth Western Massachusetts in March 1996 in the capacity of discharge planner. She was promoted to case manager in 1997. Her patient-first approach and team focus have resulted in a high level of patient and family satisfaction.

Schelb serves as director of Marketing Operations at HealthSouth Western Massachusetts. She began her career with an accounting certification from St. John’s School of Business and found herself drawn to a more health- and wellness-based path as a holistic health practitioner holding master/teacher certifications from the International Center for Reiki Training. In addition, she is a certified cranial sacral therapist in Profound Neutral from the Neurovascular Institute. An active member of the community, she is a Rotarian as well as a member of numerous associations, including BNI Referral Partners in West Springfield, West of the River Chamber of Commerce, Alzheimer’s Assoc. walk committee, Tri County Partnership for the Alzheimer’s Assoc., Western Mass Eldercare Professionals Assoc., Retirement Marketing Directors Assoc., Western Mass Elder Care conference steering committee, as well as the East of the River Chamber of Commerce board of directors.

Daily News

BOSTON — Berkshire Hills Bancorp Inc. reported 2018 second-quarter net income of $34 million, which was a 73% increase over 2017 second-quarter net income of $20 million. This primarily reflected the benefit of Berkshire’s Greater Boston expansion through acquisition and business development, resulting in higher market share, increased efficiency, and record profitability.

“We achieved record quarterly return on assets, with income increasing by 35% over the prior quarter,” said CEO Michael Daly. “Commercial loans grew strongly, and our new Boston corporate headquarters teams are receiving good response to our expanded presence in Greater Boston. Our revenue growth and disciplined expense management produced record quarterly earnings per share, positive operating leverage, and improved returns on equity.”

Meanwhile, Daly added, “the integration of acquired operations was completed within plan in the second quarter, and several company-wide initiatives have been accelerated to support the expansion of our deposit product set and delivery channels. Our annual Xtraordinary Day of Service in June tackled 74 community projects across our markets, totaling nearly 7,000 volunteer hours and 92% of our workforce. Our foundation announced the appointment of a Corporate Social Responsibility (CSR) officer to expand our multiple community-engagement activities and implement an all-encompassing CSR strategy.”

Daily News

FARMINGTON, Conn. — First Connecticut Bancorp Inc. (FCB), the holding company for Farmington Bank, reported a 35% increase in net income of $6.7 million, or $0.42 diluted earnings per share, for the quarter ended June 30, 2018, compared to net income of $5.0 million, or $0.32 diluted earnings per share, for the quarter ended June 30, 2017.

Net income on a core earnings basis was $7.4 million, or $0.46 diluted core earnings per share, for the quarter ended June 30, 2018, compared to $5.0 million, or $0.31 diluted core earnings per share, for the quarter ended June 30, 2017. Core earnings exclude non-recurring items.

On June 19, 2018, First Connecticut Bancorp Inc. announced its entry into a definitive agreement and plan of merger with People’s United Financial Inc., pursuant to which FCB will merge with and into People’s United.

“I am pleased to report solid core second-quarter earnings for the company,” said John Patrick Jr., chairman, president, and CEO of First Connecticut Bancorp. “As indicated, earnings were impacted by certain one-time charges related to our acquisition by Peoples United Financial Inc. The board of directors and senior management have always focused on shareholder value, and we believe this acquisition maximized shareholder value at a time when, we believe, the operating paradigm is changing for smaller community banks. I would also like to thank our dedicated employees who executed our strategy, which maximized our results for shareholders.”

Daily News

AGAWAM — As part of the previously announced organizational change to position the company for future growth, OMG Inc. promoted Kevin Bramlett and Adam Cincotta into new business-unit leadership positions for the Roofing Products Division.

Each will oversee all facets of their respective business unit, including strategic sales and marketing activities, planning, forecasting, and manufacturing, as well as business-unit profit and loss.

Bramlett was named director of the metal accessories business unit, which is predominantly OMG EdgeSystems, the company’s line of fascia, coping, and water-control products. OMG EdgeSystems is based in Arden, N.C.

Bramlett has been with the company since July 2012, most recently as the manufacturing manager for the OMG edge business. Before joining OMG, he was a mechanical engineer with Thermo-Fisher Scientific. He holds a bachelor’s degree in mechanical engineering from the University of North Carolina at Charlotte.

Cincotta was named director of the adhesives/solar business unit, which includes OlyBond Adhesives, the industry’s popular line of insulation and fleece membrane adhesive, as well as its OMG PowerGrip line of solar anchors.

Cincotta joined OMG Roofing Products as a product manager in 2014, and was promoted to group product manager in 2017. Before joining OMG, he was with Lenox Tools/Newell Rubbermaid, where he worked as a senior product manager. He holds a bachelor’s degree in applied economics and management from Cornell University and an MBA from UMass.

Bramlett and Cincotta will join Web Shaffer as the three business unit leaders for OMG Roofing Products. Shaffer is vice president of the fastener business unit, which includes roofing fasteners, drains, as well as the RhinoBond and AccuTrac Systems. The three business-unit leaders report to Hubert McGovern, president and CEO, as the company continues to search for a general manager for the OMG Roofing Products Division.

Daily News

SPRINGFIELD — Alta Stark has been named director of Communications for the Sisters of St. Joseph of Springfield. She is responsible for developing, writing, and producing various printed and electronic publications, providing printed materials and signs, publicity for events, advertising, and technical support. She will also work to cultivate and maintain relationships with local, regional, and national media, as well as Catholic media, and produce content for the Sisters of St. Joseph social-media sites.

Stark is a communications professional with more than 30 years of experience in marketing, advertising, public relations, and the news media. Most recently, she taught graduate-level online courses in public relations for Western New England University. Previously, she served as the director of Marketing & Public Relations for JGS Lifecare in Longmeadow, successfully rebranding the 106-year organization and helping launch the Sosin Center for Rehabilitation. Stark has also served as senior Communications specialist for Baystate Health and Communications director for the Affiliated Chambers of Commerce of Greater Springfield (now the Springfield Regional Chamber) and the Western Mass. Economic Development Council. She also spent nearly a decade producing award-winning broadcast news in several markets in the Northeast, including WWLP 22News.

Stark holds a master’s degree in television, radio, and film with a concentration in broadcast news from the S.I. Newhouse School of Public Communications at Syracuse University, and graduated cum laude from Syracuse University’s College of Visual and Performing Arts with a bachelor’s degree in advertising design. She has served for nearly a decade on the American Advertising Federation’s national board of directors and the Council of Governors as governor for the New England district. She is also an active volunteer for St. Mary’s Parish in Longmeadow.

Daily News

SPRINGFIELD — United Way of Pioneer Valley’s affinity group, the Women’s Leadership Council (WLC), announced the three agencies it will be celebrating at its Summer Sizzler on Thursday, July 26 from 5:30 to 8 p.m. at the Carriage House, Barney Estate, Forest Park. Tickets cost $10. To reserve a spot, call Shalana Ali at (413) 737-2691.

The Women’s Leadership Council focuses on girls’ and women’s issues in the community. WLC raises funds each year to award to agencies at this summer event. This year’s awardees are CHD – Terri Thomas Girls Program, YWCA of Western Massachusetts – Young Parent Services Program, and Care Center in Holyoke – Care Center College, academic programs for teen mothers and low-income women.

“Each of these programs provide essential services to equip low- and moderate-income girls and women to lead successful and rewarding lives, which is so important to the Women’s Leadership Council,” said Kathy Dube, interim CEO of United Way of Pioneer Valley.

Daily News

HARTFORD, Conn. — United Financial Bancorp Inc., the holding company for United Bank, announced results for the quarter ended June 30, 2018.

The company reported net income of $15.6 million, or $0.31 per diluted share, for the quarter ended June 30, 2018, compared to net income for the linked quarter of $15.8 million, or $0.31 per diluted share. The company reported net income of $16.2 million, or $0.32 per diluted share, for the quarter ended June 30, 2017.

“In the second quarter of 2018, United Financial Bancorp, Inc.’s earnings results reflected solid linked quarter net interest margin expansion and net interest income growth. Our company continues to grow loans, deposits, particularly checking accounts, and tangible book value while maintaining strong asset quality, capital, and liquidity,” said William Crawford IV, CEO and president of the company and the bank. “I want to thank our United Bank employees for their steadfast support of our customers and communities.”

Assets totaled $7.21 billion at June 30, 2018 and increased $139.9 million, or 2.0%, from $7.07 billion at March 31, 2018. At June 30, 2018, total loans were $5.48 billion, representing an increase of $93.2 million, or 1.7%, from the linked quarter. Changes to loan balances during the second quarter of 2018 were highlighted by an $85.1 million, or 4.6%, increase in investor non-owner occupied commercial real-estate loans, a $22.0 million, or 7.1%, increase in other consumer loans, a $16.8 million, or 1.4%, increase in residential real-estate loans, and a $6.4 million, or 1.1%, increase in home-equity loans. Loans held for sale increased $22.1 million, or 34.8%, from the linked quarter, as the company observed an increase in saleable residential loan volumes during the second quarter of 2018. Total cash and cash equivalents increased $39.9 million, or 57.7%, from the linked quarter.

Deposits totaled $5.39 billion at June 30, 2018 and increased by $110.9 million, or 2.1%, from $5.28 billion at March 31, 2018. Increases in deposit balances during the second quarter of 2018 were highlighted by a $202 million, or 14.5%, increase in money market account balances, a $21.2 million, or 2.6%, increase in NOW checking account balances, and a $17.4 million, or 2.3%, increase in demand deposit account balances. Offsetting these increases were a $116.2 million, or 6.5%, decrease in certificate-of-deposit balances and a $13.5 million, or 2.6%, decrease in savings deposits.