News

Submitted on by tim

Berkshire Hills Bancorp, Inc (NYSE: BHLB) announced today the signing of a definitive agreement for the acquisition of privately held Firestone Financial Corp as an operating subsidiary of Berkshire Bank. Based in Needham, Massachusetts, Firestone is a longstanding commercial specialty finance company providing secured installment loan equipment financing for small and medium-sized businesses.

Submitted on by tim

Vermont Business Magazine Weekly unemployment claims in Vermont shot up last week. There were 814 new, regular benefit claims for Unemployment Insurance in Vermont, an increase of 310 from the previous week's total and 113 more than they were a year ago. Generally, claims have been running below last year's totals.

Submitted on by tim

US Senator Patrick Leahy (D-VT) on Thursday said that President Obama will nominate Burlington attorney Eric Miller to be Vermont’s next United States Attorney.

Submitted on by tim

ICBA Securities Inc, the broker-dealer subsidiary of the Independent Community Bankers of America (ICBA), announced Thursday that it has received the endorsement of the Vermont Bankers Association Inc. (VBA). VBA is the 38th state banking association to endorse the services of ICBA Securities, which provides fixed-income investment products and services to community banks.

Submitted on by tim

A St Johnsbury businessman praised for his honesty and professionalism was honored as the Northeast Kingdom Chamber of Commerce’s 44th Citizen of the Year at the organization’s annual meeting on May 21. Wesley Ward, owner of Wes Ward Auto Repair and Westward Equipment Service, was recognized for his extensive volunteer efforts with local and regional civic organizations.

Submitted on by tim

Dinse, Knapp & McAndrew announces that Jeff McMahan has been elected as its President and Managing Partner to succeed Brian Murphy. Regarding the transition, Brian said, “The firm is fortunate to have many outstanding leaders and the unanimous selection of Jeff as our new President is a superb choice.

Submitted on by tim

Vermont Business Magazine and the Vermont Chamber of Commerce today announced Champlain Cable Corporation as the winner of the prestigious and highly anticipated Deane C Davis Outstanding Business of the Year Award.

Submitted on by tim

Earlier today Attorney General William Sorrell filed a settlement in Washington County Superior Court with Embassy Suites South San Francisco, located in San Francisco, California.

Submitted on by tim

The Vermont Attorney General’s Office is warning that thousands of Vermont consumers continue to report receipt of threatening recorded (robocall) phone calls from persons identifying themselves as IRS agents and threatening legal action if an alleged outstanding debt to the IRS is not immediately paid.

Submitted on by tim

by Don Rendall, Vermont Gas President and CEO Delivering a clean, affordable energy option to more Vermonters is the top priority for Vermont Gas. Our 50,000 customers in Franklin and Chittenden Counties save almost 50% compared to propane and 25% compared to heating oil. That’s $2,000 a year, on average, in savings for the families we serve.

Submitted on by tim

Governor Peter Shumlin announced today that Vermont has signed on to a first-of-its-kind agreement with international leaders from 11 other states and provinces, collectively representing more than $4.5 trillion in GDP and 100 million people, to limit the increase in global average temperature to below 2 degrees Celsius – the warming threshold at which scientists say there will likely be catast

Submitted on by tim

The Vermont Public Service Department today announced its process for updating the Comprehensive Energy Plan (CEP), which is required to be completed by the end of 2015. The Department will solicit public input through a series of meetings this summer, as well as through written comments, and produce a draft CEP by September.