Category Archives: Capital‐Movements

Isabella Bank Welcomes Ruff as Commercial Lender

By Joyce Dimaculangan

Steven Pung, President of Isabella Bank, announced that Tracey Ruff has joined the Bank as Commercial Lender. In her new role, Ms. Ruff will serve the Midland community and surrounding areas with their commercial lending needs.

Ms. Ruff has 20 years of solid experience in commercial and retail lending. She is known for Tracey Ruff Isabella Bankher expertise in banking, commercial lending, and small business lending. Prior to joining Isabella Bank, she served Laurence Smith Window & Door as a Business Partner for eight years. In addition, she was a Commercial Lender at Signature Bank and held the position of Business Banking Officer at LaSalle Bank for more than twelve years.

Ms. Ruff obtained both an Associate degree in Accounting and a Bachelor’s degree in Finance from Bakers College Business and Corporate Services. She is an active member and volunteers her time at the Faith Lutheran Church and School in Bay City.

She and her husband, Bill, live in Bay City with their son.

About Isabella Bank
Founded in 1903, Isabella Bank is a financial services holding company offering a wide range of financial products and services in mid-Michigan. It is a wholly owned subsidiary of Isabella Bank Corporation with $2.16 billion in assets under management. It operates 27 branch locations throughout 7 mid-Michigan counties and employs more than 375 people. In 2013, Isabella Bank invested over $639,000 in the communities they serve by providing monetary support for financial literacy tools, affordable housing programs, basic needs, and economic development throughout their market areas. For more information, visit the Bank’s website at www.isabellabank.com.

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North Brookfield Savings Bank Hires Barbieri as VP

By Joyce Dimaculangan

North Brookfield Savings Bank welcomes Donna Barbieri as Vice President/Commercial Loan Officer. As Vice President, she will provide commercial lending and business development services in communities throughout Western Massachusetts.

Ms. Barbieri joins NBSB as the Bank and its Business Center expand into Ware, Three Donna Barbieri North Brookfield Savings BankRivers Village of Palmer and East Brookfield, Massachusetts, following NBSB’s merger with FamilyFirst Bank on June 1, 2014.

“This is great news for North Brookfield Savings Bank and businesses in Western Massachusetts,” said NBSB President & CEO Donna Boulanger. She added that, “Donna combines commercial banking expertise with a personal, community touch. We’re very pleased to welcome her to the commercial lending team.”

Ms. Barbieri, who comes from Fleet Bank (now Bank of America) and People’s United Bank, is excited to join NBSB. She said, “The expansion of the Business Center allows me to reach out to business owners in the Western Massachusetts region and introduce them to the financing options, products and great customer service NBSB is known for.”

In addition to her years of banking experience, Ms. Barbieri is an active member of the community. She serves as a member of the Professional Women’s Chamber of Western Massachusetts, co-chairing the Chamber’s mentorship program, and is a Mason-Wright Foundation Governance Committee Member. She also volunteers her time for the United Way’s Day of Caring.

About North Brookfield Savings Bank
Founded in 1854, North Brookfield Savings Bank is a mutual savings bank with full-service branches in North Brookfield, East Brookfield, West Brookfield, Ware, Belchertown, Palmer, and Three Rivers Village of Palmer. It offers a wide variety of deposit and loan products for individuals and businesses throughout Central and Western Massachusetts and continually supports the communities in which it serves. For additional information, visit www.northbrookfieldsavingsbank.com.

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Opus Bank Hires Ratliff, Senior Managing Director

By Joyce Dimaculangan

Gregory M. Ratliff joins Opus Bank as Senior Managing Director of the Opus’ Healthcare
Provider Group. In this role, Mr. Ratliff will focus on the expansion of client relationships with, and providing debt and financing solutions to, large providers across all healthcare sectors.

Mr. Ratliff is a 15-year banking veteran who joins Opus from Regions Bank, where he Opus Bankserved as Managing Director, Relationship Manager of Corporate Healthcare. In addition, he worked at the Healthcare Division for US Bank and he spent 10 years as Director of Corporate and Investment Banking at Sun Trust Robinson Humphrey. Mr. Ratliff has years of experience in portfolio management, corporate finance, credit analysis, and commercial banking.

In a statement, Michael Allison, Co-president and President of the Commercial Bank said, “The addition of Greg, based in Nashville, Tennessee complement our current West Coast-based Healthcare Banking team and enable Opus to better provide banking services to healthcare providers, practices, professionals, organizations, manufacturers, and investors nationwide.” He added that hiring Mr. Ratliff is part of Opus Bank’s expansion of its Healthcare division as the Bank continues to become the premier financial institution for healthcare banking clients.

Mr. Ratliff holds both an MBA and a Bachelor of Business Administration, with a concentration in Finance, from the University of Mississippi.

About Opus Bank
Opus Bank is among the fastest growing banks in the Western region of the United States, with over $4 billion in assets in 60 banking offices. It operates banking offices in California, Arizona, Oregon, and Washington. For more information, visit the Bank’s website at www.opusbank.com.

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Nations Equipment Finance Hires Claret, SVP, Sales

By Joyce Dimaculangan

Financing veteran Jerry Claret has joined Nations Equipment Finance as Senior Vice President, Sales. In this new role, Mr. Claret will be responsible for the company’s equipment lease and loan origination activities in Alabama, Arkansas, Florida, Louisiana, Mississippi and Oklahoma. He will work at Nations’ Hattiesburg, Mississippi office.

Mr. Claret brings more than 30 years of experience in the Jerry Claret Nations Equipment Financeequipment finance industry. Prior to joining Nations, he held the position of Business Development Manager at ENGS Commercial Finance. He also served Old Florida National Bank, Equify Financial, LLC, People’s United Equipment Finance Corp., and CitiCapital Commercial Corporation.

The new SVP disclosed that Nations’ management was what attracted him to the company. Nations is managed by finance professionals who have operated at the highest levels of commercial lending. The Company looks forward to having Mr. Claret in the team. “We are committed to providing equipment finance solutions across a variety of asset types and industries throughout the U.S. and Canada. Jerry’s expertise and deep knowledge of equipment financing and the equipment industry will be an invaluable asset serving our customers,” commented Ed Stolarski, Executive Vice President of Nations Equipment Finance. He added that Mr. Claret would bring a unique perspective to the business.

Mr. Claret obtained his Bachelor of Science degree in Finance from the University of New Orleans.

About Nations Equipment Finance
Nations Equipment Finance is a commercial finance company providing equipment financing solutions to small- and medium-sized businesses in the United States and Canada. The company was founded in 2010 and is based in Norwalk, Connecticut with sales offices in New York, Dallas, and Chicago. For more information visit www.nationsequipmentfinance.com.

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David Chase Recognized by Banker & Tradesman

By Joyce Dimaculangan

David A. Chase, Vice President and Commercial Lender for Hampden Bank, was recently named a recipient of the “2014 Community Bank Hero” awarded by the Banker & Tradesman. This prestigious honor recognizes dedicated business professionals who provide outstanding service to their clients, and who have gone above and beyond for the community. Mr. Chase was recently honored at an awards gala held at the Hyatt Regency Hotel in Boston, Massachusetts.

A native of Western Massachusetts, Mr. Chase is an active supporter of the local David Chase Hampden Bankcommunity and has been involved in the civic life at all levels. He held a seat on the finance committee in West Springfield and was elected as one of the city’s first councilors after the town changed its charter and shifted to a new mode of government. “That was a great experience – you were writing all the new bylaws, kind of laying the foundation for all the new councils, too,” said Chase.

Currently, he is actively involved with several organizations, including serving as a board member of the West of the River Chamber of Commerce, and he sits on the planning board of his hometown of Agawam.

In addition, considered as his most rewarding activity is volunteering with the Grey House. It is a local nonprofit that provides after-school programs for at-risk youth, adult education for new immigrants, and a food pantry. Mr. Chase prefers doing hands-on activities for Grey House. “To see the kids get a gift at Christmastime, or a turkey at Thanksgiving, it’s just great. You really see the results of your efforts,” he explained. He added that, “I told them I’d rather be on the facilities committee – I’d rather be out there raking leaves and building porches, whatever they need me to do.”

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North Brookfield Savings Bank Promotes Fitzmaurice

By Joyce Dimaculangan

North Brookfield Savings Bank is pleased to announce the promotion of Courtney Fitzmaurice to Assistant Vice President, Commercial Portfolio Manager. In her new role, she will work directly with small businesses through the expanding Business Center at the Bank which offers several loan and deposit products for business customers. Recently, the Business Center was named a Preferred Lender for the Small Business Administration (SBA).

“I look forward to building relationships with business owners and providing them with the Courtney Fitzmaurice North Brookfield Savings Bankhighest level of personalized service. The merger of FamilyFirst Bank with North Brookfield Savings Bank is allowing us to expand the Business Center at NBSB into new communities. I am proud to be a part of NBSB and plan to be an asset to the Business Center during its ongoing expansion,” Ms. Fitzmaurice said.

Ms. Fitzmaurice joined NBSB in 2011 as Commercial Credit Analyst. Prior to joining NBSB, she held several positions, including Commercial Sales Assistant and Private Banking Client Associate, at TD Bank. She also served Fidelity Investments and Bay State Savings Bank. The new Assistant Vice President has experience in credit, consumer lending, commercial banking, and credit analysis.

She is a graduate of Worcester State University and the Massachusetts Banker’s Commercial Lending School.

About North Brookfield Savings Bank
Founded in 1854, North Brookfield Savings Bank is a mutual savings bank with full-service branches in North Brookfield, East Brookfield, West Brookfield, Ware, Belchertown, Palmer, and Three Rivers Village of Palmer. It offers a wide variety of deposit and loan products for individuals and businesses throughout Central and Western Massachusetts and continually supports the communities in which it serves. For additional information, visit www.northbrookfieldsavingsbank.com.

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GE Capital EF Names New Chief Commercial Officer

By Joyce Dimaculangan

GE Capital, Equipment Finance named Matt LeSage as its new Chief Commercial Officer. In his new role, Mr. LeSage will work with the company’s sales and marketing teams across the country to provide wholesale and retail financing to equipment manufacturers. He reports to Diane Cooper, President of the business.

“Matt’s exceptional track record makes him a great choice to help build on our strong Matt LeSage GE Capital Equipment Financegrowth trajectory,” said Ms. Cooper. “His background in both sales and marketing will help us with customer development as well as long-term strategic initiatives.”

A Dallas resident, Mr. LeSage has served the company for more than two decades. He was chosen to join GE’s Management Development Program after graduating from the University of Michigan at Ann Arbor in 1993. He was most recently responsible for managing vendor finance programs in the construction, lift equipment and technology industries. During his tenure at GE, he held several positions of increasing responsibility with different GE businesses before joining the commercial lending and leasing arm of GE Capital. He has been with the Equipment Finance division since 2009.

Mr. LeSage serves as a member of the Board of Trustees of the Washington, D.C.-based Equipment Leasing & Finance Foundation (ELFF), which conducts and commissions research about the equipment lease financing industry.

Mr. LeSage holds a BBA from the University of Michigan at Ann Arbor and an MBA from the University of California at Berkeley.

About GE Capital, Equipment Finance
GE Capital, Equipment Finance business manages over 40 manufacturer financing programs that span 10+ industries. It maintains relationships with approximately 200,000 business customers through its network of dealers and distributors, and evaluates more than 1,000 financing applications daily. Additional information can be found at www.gecapital.com.

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TD Bank Hires Baldassare, VP/Relationship Manager

By Joyce Dimaculangan

TD Bank welcomes Joyce P. Baldassare as Vice President, Relationship Manager in Government Banking. She will be based in TD Bank’s office in Burlington, Massachusetts. As Vice President, Ms. Baldassare is responsible for managing and overseeing banking relationships, including cash management, credit and depository, serving municipal entities and clients, throughout Essex, Middlesex and northern Worcester counties in Massachusetts.

Ms. Baldassare brings 24 years of experience in government banking and finance. Prior to TD Bank Logojoining TD Bank, she served as Chief Deposit Officer at Centrix Bank in Bedford, North Hampshire, and as a Vice President in Government Banking and Business Banking at Citizens Bank in Manchester and Portsmouth.

A resident of Portsmouth, New Hampshire, Ms. Baldassare currently serves as a board member of the Symphony New Hampshire and was past board member of the Manchester Community Music School.

Ms. Baldassare holds an MBA from Northeastern University in Boston and an undergraduate degree from the University of Rochester in Rochester, New York. She is a native of Lynnfield, Massachusetts.

About TD Bank
TD Bank is one of the 10 largest banks in the US providing a full range of products and services to more than 8 million customers. Headquartered in Cherry Hills, New Jersey, the bank is a national banking institution which offers banking, insurance, brokerage, and investment banking services. It offers a variety of products and services to millions of individual customers and businesses for all sizes. It operates 1,300 locations in several states including Connecticut, Delaware, Florida, and Washington D.C. For more information, visit the bank’s website at www.tdbank.com.

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First County Bank Promotes Granata to Pres and COO

By Joyce Dimaculangan

First County Bank announced the promotion of Robert J. Granata to President and Chief Operating Officer. He succeeds Katherine A. Harris who retired last June 30 after serving the Bank for 29 years. As President and Chief Operating Officer, Mr. Granata will direct, control and coordinate the Bank’s day-to-day operations. He will participate in short- and long-term planning, ensure compliance with regulations and participate in establishing the overall direction and mission of the bank. In addition, his responsibilities include retail and business banking; loan and deposit operations; risk/compliance management; marketing and human resources.

In a statement, Rey Giallongo, Chairman and CEO of First County Bank, said, “Bob Robert-Granata-First-County-BankGranata brings a wealth of banking experience to the position and has proved to be a strong strategic leader who will position the Bank for the future.” Meanwhile, Mr. Granata said, “My challenge is to build upon our 160 plus years of banking and position ourselves as the ‘premiere bank of choice’ for those in the lower Fairfield County area.”

Mr. Granata has 27 years of financial services experience. He joined First County Bank in 2007. A resident of Trumbull, he was recently selected as one of Connecticut Bankers Association’s New Leaders in Banking for 2014.

About First County Bank
Founded in 1851 and headquartered in Stamford, Connecticut, First County Bank is an independent mutual community bank with 15 branches across Connecticut. It offers deposit products, mortgages, trust and investment services, business banking services and online banking. First County Bank has assets in excess of $1.2 billion. For more information, visit www.firstcountybank.com.

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West Gate Bank Promotes Sundberg to Loan Officer

By Joyce Dimaculangan

West Gate Bank promoted Brett Sundberg to Loan Officer, Commercial Lending and Residential Construction Lending. As Loan Officer, Mr. Sundberg will be responsible for originating and servicing loans to businesses and individuals. He will specialize in residential construction for the Bank to strengthen its role as a leading provider in the industry.

Brett Sundberg West Gate BankMr. Sundberg joined West Gate Bank in 2011 as a Credit Analyst where he collaborated with Commercial Lenders to manage the Bank’s existing loan portfolio, and evaluated financial statements of the Bank’s clients. In 2013, he transitioned into the residential construction department. His expertise includes portfolio management, credit analysis, and commercial lending.

Mr. Sundberg obtained a Bachelor of Science degree in Business Administration with a focus in Finance from the University of Nebraska-Lincoln. He is involved with the Home Builders Association of Lincoln, Nebraska.

About West Gate Bank
West Gate Bank is a full-service community bank focused on Lincoln, Nebraska. It operates seven branch sites serving personal and commercial banking needs of the local community. It offers customers all the conveniences a large bank offers combined with the outstanding customer service a community bank provides. West Gate Bank provides sponsorship and support to local schools, charities, non-profits and sports teams. In addition, employees are involved in charitable, community, and civic groups to help Lincoln prosper. In 2007, Better Business Bureau honored West Gate Bank with the Integrity Award for its commitment to conducting business with integrity and commitment to the Lincoln community. To learn more about West Gate Bank, visit www.westgatebank.com.

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