Business Spotlight

Business Spotlight


Chelsea Groton’s Glynn named New Leader in Banking

GROTON — The Connecticut Banker’s Association has named Beth Glynn a New Leader in Banking for 2014. Recognizing the upcoming stars of the banking industry, the award honors individuals who work in a Connecticut bank, are 50 or younger, are exemplary employees and have made a notable impact on their bank and community. Beth was honored at an awards reception during the annual BankWorld conference on Jan. 16 at the MGM Grand at Foxwoods.

During the reception, Chelsea Groton President and CEO Michael Rauh remarked, “It is great to celebrate Beth’s accomplishments. She’s a shining star who exemplifies our customer-first, focus.”

Nominated by Chelsea Groton Bank’s senior management team, Glynn was selected as a New Leader in Banking for her commitment to making the borrowing process easier for her customers and helping them to meet their financing goals. A Chelsea Groton employee since 1995, she has more than 25 years of mortgage lending experience. Currently, she serves as assistant vice president, mortgage lending specialist.

Marshall opens bookkeeping, tax services business

WYOMING — Sheri L. Marshall, a certified public accountant, has opened Sheri Marshall, CPA, a bookkeeping and tax services business, at 1171 Main St., Suite E.

The full-service accounting firm offers a broad range of services for business owners, executives and independent professionals.

“I offer personal service,” Marshall said. “I see all my clients and get to know them on a one-on-one basis. It’s not like at one of the boxed chains, where you’re just a number.

“My prices are affordable, I am experienced and I always offer a substantial discount to nonprofit and charitable organizations.”

For more information, call Marshall at 401-539-1099 or email

R.I. firm inducted into Who’s Who in Luxury Real Estate

CHARLESTOWN — Who’s Who in Luxury Real Estate has welcomed Randall, Realtors into its prestigious network of high-end estate brokers and firms. The organization is a global collection of the finest luxury real estate brokers in the world, with approximately 130,000 professionals in more than 85 countries collectively selling in excess of $190 billion of real estate annually. Randall, Realtors has been a consistent leader in the marketing of Southern New England properties for more than 30 years, and has worked diligently to provide their clients with the highest level of service available.

Randall, Realtors is one of the 10 largest affiliates of Real Living Real Estate, and has nine offices located in Rhode Island and Connecticut that are run by managers who average more than 25 years of experience. Randall, Realtors is a part of the Randall Family of Companies, which also includes Kinlin Grover Real Estate. Grover serves on the Luxury Real Estate Board of Regents, representing the best in Cape Cod real estate. The Randall Family of Companies was involved in property sales of more than $1.1 billion in 2013, and ranked as the 111th largest residential real estate firm in the country, according to 2013 reports from both Real Trends and RIS Media.

“We’re honored to be included in this vast network of luxury real estate professionals. Now Randall, Realtors has even greater access to resources all over the globe to market our exclusive properties,” said Douglas Randall, CEO of The Randall Family of Companies.

WCCU employees dress down to donate $6,931 to charity

WESTERLY — The Westerly Community Credit Union has announced that through its employees’ participation in Dress Down Days over the past year, the company has donated $6,931 to local charitable organizations.

Dress Down Days are chosen days during which employees have the choice to wear jeans for a minimum $5 donation to benefit a specific cause. Participation has allowed the credit union to support local organizations such as Westerly Warm Shelter, The Supper Table, Pawcatuck Neighborhood Center, Ocean Community YMCA, Westerly Relay for Life, American Heart Association, Mini’s Making a Difference, Stand Up for Animals, American Cancer Society, March of Dimes, American Diabetes Association-Tour de Cure, National Alliance on Mental Illness and Hasbro Children’s Hospital, among others.

For more information, contact Westerly Community Credit Union at 401-596-7000 or visit

Chelsea Groton Bank donates $3,000 to local food banks

GROTON — Chelsea Groton Bank’s first holiday decorating contest did more than just brighten spirits for customers and employees. The top three branches won a donation, made in their names, funded by the bank, to the food pantry of their choice. Bank officers served as the judges and selected winners:

• First place: Niantic branch — $1,500 to Care and Share of East Lyme. Care and Share provides food, financial and emergency support to individuals and families in East Lyme, Niantic and Salem, Conn.

• Second place: Waterford branch — $1,000 to Waterford Interfaith Food Locker. Maintained by five congregations of varying faiths, the Food Locker provides food year-round to Waterford residents in need.

• Third place: Mystic branch — $500 to Mystic Area Shelter and Hospitality. MASH strives to end family homelessness, one family at a time.

“The holiday decorating contest celebrated the season while giving back to those in need,” stated Lori-Ellen Wesolowski, SVP and director of retail banking, “That’s because supporting our community is ingrained in our culture here at the bank, and we’re proud of all our staff for their generous and very merry efforts.”

For more information about the bank’s holiday decorating contest and donations to area food pantries, contact Jessica DeConto, marketing representative, at 860-448-4118 or email her at

Groton school awarded February Business of the Month

MYSTIC — The Greater Mystic Chamber of Commerce has announced that Groton Multicultural Montessori School is the February recipient of the Business of the Month award. The award is nomination-based and determined by several factors, including community involvement and overall success.

The school, located at 200 Hazelnut Hill Road, Groton, is a new center serving the Groton, Mystic and Ledyard areas of southeastern Connecticut. Its program offers children from 3 to 6 years of age the opportunity to explore and create a learning environment designed to allow each individual child to develop to their fullest potential.

The school is committed to providing a nurturing environment dedicated to the Montessori philosophy. Programs in world languages and culture, nature studies, music and movement, and yoga all create the common theme of the rich diversity of the world around us.

For more information, visit

SmartPower promotes Ray to R.I. state director

WASHINGTON — SmartPower, the nation’s leading nonprofit organization that creates community campaigns for energy efficiency and renewable energy by engaging local partners from the municipal, business and nonprofit sectors, has announced the promotion of Matthew Ray to Rhode Island state director. Ray has been serving as Community Outreach manager for the “Rhode Island Energy Challenge: Find Your Four” (, SmartPower’s residential energy efficiency campaign supported by National Grid.

Ray, a Barrington native, has been instrumental in the success of the Rhode Island Energy Challenge, working closely with National Grid along with municipal leaders from North Smithfield, Cranston and Newport. Further, he has cultivated partnerships with business leaders from Arpin Van Lines, Blue Cross & Blue Shield-R.I., Banneker Industries, and Citizens Bank, in addition to nonprofit organizations that include People’s Power and Light and Rhode Island Interfaith Power & Light to promote the challenge. Together these organizations have been encouraging their constituents to find four energy actions in their homes to reduce household energy use.

In his new role as state director, Ray will be responsible for continuing the expansion of the Rhode Island Energy Challenge as well as initiating other SmartPower renewable energy programs.

Electronic Alarms acquires AAA Custom Alarm Systems

WARWICK — Electronic Alarms has announced that its parent company has completed the acquisition of AAA Custom Alarm Systems of Warwick, which has served homeowners and businesses across Rhode Island for more than 40 years.

AAA Custom Alarm Systems was founded and operated by Joseph A. Trillo, an early leader of the electronic alarm industry in Rhode Island. Trillo is a past president of the Rhode Island Alarm Association and, since 2000, has served as a representative in the Rhode Island General Assembly.

“This is an important milestone for two companies with deep roots in Rhode Island,” said Henry Guzeika Jr., general manager of Electronic Alarms. “By bringing our teams together, we further enhance our ability to deliver top security technologies and quality services to our customers, while maintaining local management and a family business approach to everything we do.”

All of AAA Custom Alarm Systems staff will remain with the company, which will consolidate operations at the Electronic Alarms facility in Warwick. There will be no interruption of service or alarm monitoring for customers. Trillo will serve as a consultant to the company to ensure a smooth transition.

New online services added to Rhode Island DMV website

CRANSTON — Gov. Lincoln Chafee has announced that two new online services — “Check My Status” and “Change Your Address” — have been added to the Rhode Island Department of Motor Vehicles’ website in a continuing effort to make doing transactions more convenient for Rhode Islanders. The new “Check My Status” capacity will allow Rhode Island drivers to learn if they have any outstanding financial obligations and how to go about satisfying them in order to complete their DMV transaction. “Change Your Address” will provide drivers with the new option of completing an address change through the DMV website or mailing the change of their address to DMV.

Governor Chafee urged Rhode Islanders to use the new online services. “Using technology, a number of DMV services may now be completed in the comfort of your home, making it easier to do business and reducing wait times for those who must come to DMV to complete their transactions,” he said.

Miriam Hospital first in R.I. to use new tool to fight dangerous germs

PROVIDENCE — As antibiotic-resistant germs become harder to fight, The Miriam Hospital is using a new tool to disinfect patient areas — a kind of “superbug zapping robot.” The Xenex room disinfection system uses ultraviolet technology to get rid of highly infectious pathogens such as Clostridium difficile (C.diff), Methicillin-resistant Staphylococcus aureus (MRSA), norovirus and even influenza.

The Miriam is the first hospital in Rhode Island to begin using this disinfection system as another measure in its efforts to make the hospital as safe as possible for its patients. It joins other hospitals in the country using the Xenex robot, which uses pulsed xenon ultraviolet technology to destroy pathogens that cause serious illness.

“Our patients’ health and safety is our top priority. If there are tools we can utilize to keep them from being exposed to potentially dangerous germs, we will use them,” says Sandra Cheng, vice president of support services at The Miriam.

Fee reduction on SBA loans leads to savings for small business owners

PROVIDENCE — Rhode Island small business owners have saved an estimated $50,000 in fees since the SBA announced a new policy for FY 2014 setting fees on SBA 7(a) loans for $150,000 and under to zero ($0).

Last year, the SBA decided to eliminate fees on loans of $150,000 or less after conducting a review of the 7(a) Loan Program. As a result, a small business owner obtaining a $150,000 loan can save more than $2,500 in fees that previously would have been charged. The 7(a) Loan Program is the SBA’s primary program to help start-up and existing small businesses obtain financing when they might not be eligible for business loans through normal lending channels.

“Since the new fee structure was introduced last October, SBA has witnessed an increase in low dollar loan activity and small businesses throughout New England have saved an estimated $500,000,” said Seth A. Goodall, SBA New England Regional administrator. “This new initiative is another tool to help us serve the small business community, who are doing amazing work to strengthen our economy for the long term.”

During the fiscal year that ended on Sept. 30, 66 percent of the SBA-guaranteed loans made in Rhode Island were under $150,000. Between Oct. 1 and Dec. 31, 77 percent of the SBA-backed loans were under $150,000.

“I am pleased to see that the initial response to the fee reduction is positive,” said Mark S. Hayward, director of the SBA Rhode Island District Office.

“The policy changes are resulting in greater access to capital for Rhode Island small businesses and making that capital available at lower cost to the borrowers.”

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