Morrison promoted at Savings Institute Bank to senior VP
James Thomas Morrison has been promoted to senior vice president and credit, commercial and collections manager at Savings Institute Bank & Trust, headquartered in Willimantic. His responsibilities will include asset quality and portfolio management as well as the management of commercial loan production and documentation. Morrison will oversee collection activities along with OREO property management and liquidation. “Other real estate owned” is an accounting term used to classify repossessed property owned by a financial institution.
Morrison has over 30 years of banking experience and he began his career with Savings Institute Bank & Trust in 2006. He has worked in commercial loan administration as a managed assets manager since 2007. “He has been a trusted employee and is now a valued member of our senior management team,” said Rheo Brouillard, president and CEO.
Tom is a Providence College graduate and lives in East Hartford with his wife, Jacqueline and children, Grace and Barbara.
The bank, a $1.4 billion insititution, has 26 branches throughout Rhode Island and eastern Connecticut.
WESTERLY — Ruth Austin has joined Coldwell Banker Cahoone Realtors as full-time sales associate working out of the Westerly office.
“We’re happy to have Ruth on our team,” said James Cahoone, broker and owner. “She has an excellent background in residential sales, and is extremely knowledgeable about the Westerly market.”
Austin grew up in North Stonington and graduated from Wheeler High School in 1984. After a year in business school she got a job at General Dynamics. She and Mark Austin married in 1987 and moved to Ashaway, where they built the house where they have been living for the past 25 years. Austin stopped working at General Dynamics to raise and home-school four children; the last child graduated in May 2013. In the fall she took the real estate class and got her license in December. She looks forward to starting this new chapter in her life at Coldwell Banker, working alongside many talented Realtors.
Coldwell Banker Cahoone Realtors, located at 29 Post Road, Westerly, can be reached at 401-596-6333.
Weichert agent earns Realtors’ Green designation
WESTERLY — Weichert Realtors-Suburban Properties has announced that Michelle Richard, broker associate, is an NAR Green Designee. The credential is bestowed by the Green REsource Council of the National Association of Realtors to desigate real estate professionals who have received advanced training in green building and sustainable business practices to assist in the sale or acquisiton of eco-friendly and energy-efficient homes.
The association said that designation received the Award of Excellence from the American Society of Association Executives in 2009 and has been peer-reviewed by the Environmental Protection Agency and the U.S. Green Building Council.
Weichert Realtors-Suburban Properties, owned by Broker Vincent Engingro, is headquartered in Guilford, Conn., 203-689-5499. Other offices can be reached as follows: Mystic, 860-245-3605; Niantic, 860-451-8057; and Westerly, 401-637-4901.
Weichert Real Estate Affiliates Inc. serves some 240 markets in 37 states.
Driftwood Yarns to have ribbon cutting on May 16
The Greater Mystic Chamber of Commerce will celebrate a ribbon-cutting of Driftwood Yarns, a new local yarn shop. The event will take place on Tuesday, May 6, at their location at 29½ Broadway Ave. in Mystic at 5 p.m.
Driftwood Yarns carries a variety of versatile yarns, offering a wide range of brands in lovely colors and textures. Owner Elizabeth Weil is also offering instructional programs and trunk shows in the coming months. For more information, please contact Driftwood Yarns at 860-415-8118 or at firstname.lastname@example.org.