Archive | Banking and Financial Services

CSB President Bill Wagner

To a Higher Plane

Chicopee Savings Seeks to Soar on the Wings of Creativity Like all financial institutions in the region, Chicopee Savings Bank is struggling to grow in a challenging environment marked by historically low interest rates, razor-thin margins, and unparalleled competition. Despite the hurdles, the institution has managed to grow market share, increase deposits, and, in general, […]

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Sean Gray

Legacy of Growth

Berkshire Bank Continues Its Ambitious Pattern of Expansion Sean Gray says Berkshire Bank has become adept at mergers in recent years — not only executing them, but choosing the right ones. “Acquisition is one of our core competencies. We’re very focused on growth,” said Gray, executive vice president of retail banking for the Pittsfield-based institution. […]

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Corey Murphy

A Sound Policy

An Annual Insurance Review Is a Must for Any Business Many new business owners carefully consider what steps are needed to ensure the protection and success of their new enterprise. This exercise includes performing due diligence when it comes to obtaining a well-thought-out insurance plan. As that enterprise evolves, changes, and adjusts to its competitive […]

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Kevin Hines

Wind Falls — Literally and Figuratively

The Tax Implications of Casualty-loss Deductions The significant tornado-related damage caused to homeowners and business owners across Western Mass. has generated numerous tax-related questions. Property owners are asking if there is any economic relief by way of income-tax deductions for the casualty losses that they have incurred. What follows is a general discussion of the […]

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