EASTHAMPTON – Easthampton Savings Bank had its annual meetings on April 16 at the Log Cabin Meeting House in Holyoke.|
President and CEO Matthew S. Sosik reported the completion of another successful quarter for the bank.
“This past year represents yet another in a long string of excellent financial performances at Easthampton Savings,” he said.
Bozena C. Dabek, executive vice president and CFO reported on the bank’s total assets, which were up almost $34 million from a year ago, an increase of 3.5 percent. “Easthampton Savings Bank continues to be one of the most highly capitalized banks in the area, with a capital ratio of 12.8 percent,” she added.
In a report from Randall J. Gage, executive vice president – Residential Lending, he noted, “Over the past year, total loans increased 8 percent or $54.8 million.” Total loans now stand at $733.1 million.
Thomas W. Brown, executive vice president – Retail Banking, noted that the bank’s deposit growth was $35.5 million or 4 percent from this time last year. “Total deposits are now at $839.9 million,” he said.
Sosik added, “Easthampton Savings Bank continues to be one of the best performing and most highly rated banks in the state and, with over $700,000 in charitable giving in 2013, we continue to give back to the communities that we serve.”
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