Business Spotlight

Business Spotlight


CBA announces 2013-14 officers, exec. committee

FARMINGTON, Conn. — The members of the Connecticut Bankers Association recently elected its officers for the 2013-14 term, ending November 2014.

Among the elected officers were eight at-large members appointed to the executive committee. They included B. Michael Rauh, president and CEO of Chelsea Groton Bank in Groton, and Edward O. Handy, president of RBS Citizens of Connecticut and Rhode Island.

Named Chairman of the Association was Chandler J. Howard, president & CEO, Liberty Bank, Middletown.

Howard has been with the bank since 2007. He began his banking career as a teller at People’s Bank in 1974. During his career, he has worked at banking and non-banking institutions, including First City Fund Corporation, Connecticut Innovations, Bank of America, Fleet Bank and People’s Bank. He graduated with a Master’s Degree in Finance from Rensselaer Polytechnic Institute and a Bachelor of Arts Degree from the University of Connecticut.

The CBA represents state and federally chartered commercial banks, savings banks, savings and loans, and trust companies in legislative, regulatory and general banking issues in both Connecticut and Washington.

Wine, liquor now tax free in R.I.

PROVIDENCE — Starting today, wine and liquor will be tax-free in Rhode Island — a measure designed to help the state compete with neighboring Massachusetts. If you buy wine and spirits from a liquor store in Rhode Island, you will no longer have to pay a 7 percent sales tax.

A second tax change effective today involves artwork. If you buy original works of art or limited edition works of art anywhere in Rhode Island, you will also not have to pay a 7 percent sales tax.

Charter Oak donates $3,000 in turkeys for 5th straight year

GROTON — Charter Oak Federal Credit Union continued its Thanksgiving tradition for the fifth consecutive year by donating $3,000 worth of turkeys to the Gemma E. Moran United Way/Labor Food Center in New London.

This tradition began five years ago in honor of Charter Oak’s former CEO, Larry Hertell, and has since grown into a company-wide food drive, supported by employees and members.

In addition, each year Charter Oak’s Community Outreach Committee invites all departments, company-wide, to participate in Charter Oak’s Fixins’ Food Wars, a challenge that invites all departments to donate non-perishable food items, which can be paired with a traditional Thanksgiving meal. This challenge gives employees a chance to win department-wide bragging rights for having donated the most items, but more important, the opportunity to make the holidays enjoyable for those who are in need.

This year, employees donated more than 710 pounds of non-perishable food items to accompany the 320 turkeys that were purchased with our donation. In addition, members purchased $1 paper turkeys, and helped Charter Oak raise an additional $340 for local food pantries.

Citizens Bank grants $10K to McAuley House ‘Lunch on Us’ program

PROVIDENCE — The Citizens Bank Foundation recently awarded $10,000 to McAuley House to support its “Lunch on Us” program for the month of November. The grant will help the organization provide more than 5,000 meals to individuals in the Greater Providence Metropolitan Area throughout the month.

McAuley House launched “Lunch on Us” in 2007, aiming to partner with community leaders who wanted to see the direct impact of their generosity. The Citizens Bank Foundation funded the first month of meals for the program, becoming the founding sponsor. Now entering its seventh year, the program serves more than 10,000 guests each year who are homeless or low-income and need food assistance.

Support of the McAuley House is a part of Citizens Helping Citizens Fight Hunger, which is part of the bank’s broader Citizens Helping Citizens program addressing five key areas: hunger, housing, economic development, financial education and volunteerism. Get more information about Citizens Bank’s community initiatives online.

Hasbro employees to Engage in first-ever Global Day of Joy

PAWTAUCKET — Hasbro on Friday will help spread joy to thousands of underserved children in 36 countries through its first-ever Global Day of Joy. The play company is empowering its 5,000 employees worldwide to become holiday “elves” in unison, and engage in community service projects that bring joy to children in need this holiday season.

Wearing blue Team Hasbro shirts — in 17 languages, Hasbro employees will fan out in their communities across the globe to make a difference for children in need. Volunteers armed with toys, games, paintbrushes and more will work with more than 100 nonprofit organizations around the world, in order to make the season merrier and brighter for the children they serve.

“Our inaugural Global Day of Joy is an opportunity to pause during our busiest time of the year to bring smiles to approximately 75,000 of the world’s neediest children,” said Brian Goldner, president and CEO of Hasbro. “It also gives our employees a greater sense of what we can accomplish collectively and provides them with a deeper connection to all of the child-focused nonprofit groups we work with worldwide throughout the year to make a difference in the lives of children.”

On the Hasbro Global Day of Joy, Team Hasbro employees will immerse themselves in a variety of community service projects with organizations including SOS Children’s Villages, SeriousFun Children’s Network and local children’s hospitals. Details about specific projects taking place in Rhode Island will be announced during the week leading up to the global initiative.

Support Quality Local Journalism

Latest Videos