|EASTHAMPTON Easthampton Savings Bank had its quarterly Director's meeting on Oct. 17. President and CEO, William S. Hogan Jr., reported that the bank's total assets surpassed $973 million at the end of the third quarter.|
Bozena C. Dabek, senior vice president and CFO, reported the bank's assets, were up more than $36 million from a year ago, an increase of almost 4 percent.
"Easthampton Savings Bank continues to be one of the best capitalized banks in the area, with a capital ratio over 12 percent," she added.
In a report from Denise V. Laizer, senior vice president and chief lending officer, she noted, "over the past year, total loans increased 7 percent or more than $47 million, and an increase of $9 million over the last quarter."
Total loans now stand at over $682 million.
Thomas W. Brown, senior vice president, Retail Banking, noted that the bank's deposit growth was almost $39 million or 5 percent from a year ago. Deposits were up almost $6 million for the quarter.
"Total deposits are now $793 million." Brown added.
Hogan said, "This past quarter has been another successful one. We achieve this level of success with a team of employees that put community, customers and the institution at the top of their list. We look forward to completing the year on an up note with strong performance."
Comments From Our Readers:
Login to Post a Response