Business Briefs: Berkshire Bank names director of wealth management

Posted

PITTSFIELDBerkshire Bank names director of wealth managementJason Edgar has been named director of wealth management and interim CIO at Berkshire Bank, the financial institution has announced.In his new role, Edgar will lead Berkshire Bank's Wealth Management initiatives and oversee its investment process. Edgar joined Berkshire Bank in 2014 and has been Wealth Management's New England Regional Leader.Before joining Berkshire, Edgar spent several years with Enterprise Investment Advisors in Andover where he oversaw investment management. He has spent the last 16 years in wealth management, and holds a bachelor's degree from the University of Connecticut. His office is located in Burlington.BERKSHIRESMLSC launches state "Ramp Up" programThe Massachusetts Life Sciences Center has launched the Massachusetts Ramp-Up Program (MassRamp) to provide funding to promising early-stage life sciences programs.The program will provide supplemental grant funding, on a competitive basis, to companies that have been awarded Small Business Innovation Research (SBIR) or Small Business Technology Transfer (SMTT) Phase 1 grants or contracts from federal agencies. Grants of up to $300,000 are available.The application deadline is noon on Tuesday, March 28 via an online submission form on the MLSC's website at www.masslifesciences.com. An informational video is available on the center's website at www.masslifesciences.com/programs/massramp.Information: www.masslifesciences.com; or email info@masslifesciences.com.BERKSHIRESTotal assets increase at Salisbury BankTotal assets at Salisbury Bancorp. Inc.increased by $44 million, or 5.1 percent, during fiscal 2016 compared to the previous year, according to fourth quarter and full year results released by the bank's holding company.Net income available to common shareholders was $1.5 million, or 55 cents per common share, for the fourth quarter, which ended Dec. 31. Net income for the third quarter was $1.9 million,or 70 cents per common share, and $2.1 million, or 78 cents per common share, for the fourth quarter of 2015.Other fiscal 2016 highlights include a 9 percent ($64 million) increase in total loans; and a 3.7 percent rise ($27 million) in total deposits. Fourth quarter highlights included a $9 million increase in net loans; a $7 million rise in assets under management in the bank's trust and wealth advisory area; and a $2.9 million decrease in non-performing loans. PITTSFIELDBYP holding 'Back In Time' bashThe Berkshire Young Professionals will hold a "Back in Time" bash on Friday, Feb. 24 at the Berkshire Museum, 39 South St. The event begins at 7 p.m.The cost is $10 for BYP members, $15 for non-members. Information: Danielle Thomas, 413 499-1600.


TALK TO US

If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.



Powered by Creative Circle Media Solutions