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Westfield Bank in Massachusetts plans to offer its customers wealth management and insurance services through a new partnership with Charter Oak Insurance and Financial Services.
February 4 -
Meridian Bancorp (EBSB) in Peabody, Mass., has launched a common stock offering as the newly created holding company for East Boston Savings Bank.
June 10 -
United Bank of Glastonbury, Conn., has hired three experienced former Bank of America mortgage bankers in West Springfield, Mass.
May 28 -
The $769 million-asset bank said in a press release that Joseph DeVito had become its president and chief executive. DeVito succeeded Kenneth Brennan, who will become Village Bank's chairman.
May 15
Westfield Bank is planning to expand its commercial lending presence in western Massachusetts.
The $1.2 billion-asset subsidiary of Westfield Financial (WFD) entered into a lease for a second location in a downtown Springfield, Mass., office building. Westfield currently has a full-service branch and its cash management team in the Tower Square facility.
Senior lender Allen Miles will lead the new office in Springfield, which will become Westfield's commercial lending hub for its middle market and commercial real estate lending business unit, the bank said in a press release.
The move is expected to be completed over the next couple of months. A total of seven employees will work in the commercial lending office by late August, according to Westfield.
Westfield opened its
"Locating the team in Springfield will give us a stronger physical presence near centers of influence in western Massachusetts and improve our reach into both the central Massachusetts and northern Connecticut market areas," Miles added.
