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Monday, May 6th, 2013

New Whitepaper Introduces New Revenue Generation Process for Business-to-Business (B2B) Companies

Sharon, Massachusetts — A new revenue generation process that drives sales and profitability for business-to-business (B2B) companies has been introduced in a new free whitepaper, “Understanding the New Revenue Generation Process: How to Ignite Demand for Your B2B Brand.” The paper, from integrated marketing agency Tiziani Whitmyre, Inc., is available to download from http://www.tizinc.com/white-papers/revenue-generation.

“Jump starting growth is possible in a lukewarm economy. But business as usual won’t get it done. It must be ignited by a new way of thinking; one that builds initiatives around business outcomes, not marketing activities. And those outcomes must emphasize revenue generation to be relevant in a successful growth strategy,” said Rick Whitmyre, Tiziani Whitmyre, Inc. president, and author of the paper.

“While specific marketing tactics can achieve results, they are focused on transactions, and individually, do not build customer relationships or stimulate growth. B2B marketers must blend process with technology to continually drive revenue in a highly measurable way.

“At Tiziani Whitmyre (TW), we call this approach the “revenue generation” process. Not a series of marketing tactics or projects, the process synthesizes best-practice technologies, tools, and strategies to create a holistic approach for sustained customer engagement and revenue growth. It is a highly efficient process — maximizing resources and eliminating waste,” Whitmyre said.

The new revenue generation model consists of five steps that operate as a continuous process:

  • Step 1: Content Development
  • Step 2: Promotion
  • Step 3: Web-to-Lead Conversion
  • Step 4: Lead Nurturing and Scoring
  • Step 5: Analytics and Evaluation

The white paper details each of the steps in how-to fashion. Examples demonstrate the real-life results achieved by B2B companies that employ the new process.

“The five-step process provides a simple framework to organize the multiple tactics and elements employed by most B2B marketing teams. It facilitates coordination and collaboration with the sales department, and bridges the gap that exists when leads are passed on for sales closure. In addition, the process helps simplify the application of today’s complex digital technologies — making it much easier to select the digital channels and analytics that support revenue growth,” Whitmyre explained.

“The new revenue generation process gives B2B marketing leaders the opportunity to own and drive business results in a highly effective and measurable way. Now, CMOs can own out-of-period revenue, and calculate their true contribution to the income statement,” he said.

Download the new free whitepaper, “Understanding the New Revenue Generation Process: How to Ignite Demand for Your B2B Brand,” from http://www.tizinc.com/white-papers/revenue-generation.

The brief is the latest publication in the agency’s “Strategic Marketing Series” of management briefs and white papers. To view the series, visit http://www.tizinc.com/white-papers. 

About Tiziani Whitmyre

Tiziani Whitmyre, Inc. crafts powerful, integrated marketing communications that build brands and generate leads for B2B and B2C companies. An advertising, public relations and Internet marketing agency, Services include marketing strategy and corporate branding, search engine marketing and Web site design, direct response marketing, graphic design, and research. The firm’s clients are leaders in life science, biotechnology, high technology, industry and manufacturing, and financial and professional services. Located in the Boston, Massachusetts, area, contact the agency at info@tizinc.com, 781-793-9380, or visit www.tizinc.com.

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Posted in Business |


Thursday, April 25th, 2013

First Commons Bank Grows to a $222 Million Institution in Only 44 Months; Net Loans up 33%

— Now Profitable for Five Consecutive Quarters —

NEWTON, MASS. — April 25, 2013 — First Commons Bank of Newton, Mass., today reported that it achieved a Total Asset level of $222,527,000 as of March 31, 2013, after only 44 months of operation. Total assets grew by approximately $40 million, or 22 percent, for the 12-month period ended March 31, 2013. Net loans increased by $49 million, or 33 percent, for the same 12-month period.

Net income for the three month period ended March 31, 2013, was $196,000, compared to $121,000 for the three month period ended March 31, 2012, representing a 61 percent increase. Each year’s net income had both operating profitability and gains on the sale of securities.

First Commons Bank’s assets have now surpassed the assets of more than 4,190 other banks – or more than 59 percent of the 7,040 FDIC-insured banks which filed FDIC call reports for the period ended December 31, 2012.

The Bank’s Net Interest Margin for the three month period ended March 31, 2013, was 3.52 percent compared to 3.46 percent for the three month period ended March 31, 2012.

Tony Nuzzo, Chairman, President and CEO of First Commons Bank said, “We are pleased with our continued growth, especially in the loan portfolio. We are also pleased that as a bank which was established on July 22, 2009, we have now reported net positive operating income for five consecutive quarters.”

First Commons Bank’s financial results are available on the FDIC Web site at: http://goo.gl/Q6D3D.

 

First Commons Bank Selected Balance Sheet Items
 

March 2013

March 2012
Total Assets

$222,527,000

$182,595,000
Net Loans

$197,979,000

$148,446,000
Deposits

$198,880,000

$161,751,000
Loans to Deposits

99%

91%

 

First Commons Bank Selected Performance Metrics

Three Months Ended

March 2013

Three Months Ended

March 2012

Net Income

$195,862

$121,111

Net Interest Rate Spread

3.38%

3.32%

Net Interest Margin

3.52%

3.46%

Non-Interest Expenses as a Percent of Average Assets

2.93%

3.26%

Return on Average Assets

0.36%

0.27%

Return on Average Equity

3.52%

2.57%

 

 

About First Commons Bank

First Commons Bank, N.A., is a nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business on July 22, 2009, reported total assets of $222,527,000 as of March 31, 2013 – after only 44 months of operation and making it larger than 59 percent of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 161 Linden Square, in Wellesley, Mass.

Visit First Commons Bank on the Web at http://www.firstcommonsbank.com. Follow the bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

 

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Posted in Business |


Tuesday, March 19th, 2013

New Portable Spectroscout XRF Analyzer Enables Laboratory-Quality Analysis in Remote Locations

Mahwah, New Jersey — March 19, 2013 — SPECTRO Analytical Instruments announces the introduction of its new SPECTROSCOUT Portable Energy Dispersive X-ray Fluorescence (ED-XRF) analyzer that enables rapid, laboratory-class elemental analysis of environmental and geological samples even in remote locations.

The determination of elemental compositions onsite from far-flung mining and geological field operations to remote environmental locations presents substantial challenges. Real-time analytical results are essential for assessing progress. And, accuracy is a necessity at all detection levels.

“Weighing only 12 kilograms and carried with a shoulder strap, the new SPECTROSCOUT portable ED-XRF analyzer meets such challenges — in the field — with as much analytical power as top-grade laboratory benchtop analyzers,” explains Dirk Wissmann of SPECTRO.

“The new SPECTROSCOUT is a small instrument, but a major step forward for end users. Its precision and speed in the field allow for faster decisions and improved productivity. Many laboratory-based measurements now become unnecessary,” notes Wissmann.

The portable analyzer is ideal for onsite environmental and geological analysis. In the instance of shale gas boundary layer detection, it allows for fast data-based direction changes that maximize drilling productivity.

Overall, the SPECTROSCOUT portable ED-XRF analyzer delivers:

  • Practical and Rugged Portability: Designed for tough use, it is encased in a rugged housing, and its X-ray source protected. The new SPECTROSCOUT is both light weight (12 kg/26.46 lb) and small (270 x 306 x 306 mm/10.7 x 12.1 x 12.1 in). Its features include a large sample compartment, X-ray tube, onboard processor, and high-yield battery pack. An optional integrated video system allows precise spot testing, plus image storage.
  • Exceptional, Fast Accuracy at All Concentration Levels. SPECTROSCOUT provides highly precise measurements from trace to minor and major concentrations across a range of relevant elements from heavy elements, such as uranium, to light elements, such as sodium, with rapid (typically 10 to 15 minutes) turnaround. The analyzer also brings laboratory-class advantages, such as SPECTRO’s advanced TURBOQUANT unknown-sample analysis and optional customer-specific calibrations.
  • Easy Operation: Measurements start with the press of a button. Its touchscreen interface provides full access to all analysis results and measured spectra. Pre-installed software packages with methods for applications in mining/prospecting, precious metals and environmental elemental analysis are included. The instrument’s unique iCAL calibration takes just 1 sample and only 5 minutes for standardization.

The new SPECTROSCOUT is highly cost-effective, and, with the improvements in productivity it delivers, it yields an outstanding return on investment. The instrument is backed by AMECARE Performance Services, a global program of proactive maintenance programs, application solutions, access to relevant experts and instrument-specific training.

The new SPECTROSCOUT Portable Energy Dispersive X-ray Fluorescence ED-XRF Analyzer is immediately available. For more information, visit SPECTRO at http://www.spectro.com/scout.

About SPECTRO:

SPECTRO is one of the world’s leading suppliers of analytical instruments for optical emission and X-ray fluorescence spectrometry. As a unit of the AMETEK Materials Analysis Division, SPECTRO manufactures advanced instruments, develops the best solutions for strongly varying applications and provides exemplary customer service. SPECTRO’s products are exemplified by unique technical capabilities that deliver measureable benefits to the customer.  From its foundation in 1979 until today, more than 30,000 analytical instruments have been delivered to customers around the world.

AMETEK Materials Analysis Division is a division of AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical products with more than 13,000 employees at over 100 manufacturing locations and 100 sales and service centers across the United States and in more than 40 other countries around the world.

For additional information, please contact Mark Grey, Tel: 201-642-3000, Fax: 201-642-3091 E-Mail: spectro.info@ametek.com

Note to Editors:

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Posted in Business |


Monday, February 25th, 2013

First Commons Bank Promotes Oscar Moreno to Vice President, Director of Branches and Business Banking

Press Release – For Immediate Release

 First Commons Bank Promotes Oscar Moreno to Vice President, Director of Branches and Business Banking

Newton, MASS. – February 25, 2013 – First Commons Bank, N.A., of Newton, Mass., has announced the promotion of Oscar Moreno to Vice President, Director of Branches and Business Banking.

“Since Mr. Moreno joined First Commons Bank in October, 2012, as Business Banking Officer, he has advanced both our business banking and consumer services development efforts which have, in turn, contributed to the continued strong growth of our bank,” said Tony Nuzzo, Chairman, President, and Chief Executive Officer.

In his new position, Mr. Moreno will head the bank’s branches in Newton Centre and in Wellesley, as well as lead its overall Business Banking programs.

Mr. Moreno has more than 11 years of banking experience. Prior to joining First Commons Bank, he was with East Boston Savings Bank as Business Development Officer, and previously with Eastern Bank as Manager, Banking Officer, and Team Leader.

Mr. Moreno earned a BS in Business Administration from the University of Arizona and completed the School of Commercial Lending program at Babson College.

About First Commons Bank

First Commons Bank, N.A., is a nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business on July 22, 2009, reported total assets of $210,421,000 as of December 31, 2012 — after only 41 months of operation and making it larger than 58 percent of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 161 Linden St., Linden Square, in Wellesley, Mass.

Visit First Commons Bank on the Web at http://www.firstcommonsbank.com. Follow the bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

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Posted in Business |


Friday, February 1st, 2013

First Commons Bank Grows to a $210 Million Institution in 41 Months; Net Loans Increased by 37% in 2012

 NEWTON, MASS. — January 31, 2013 — First Commons Bank of Newton, Mass., today reported that it achieved a Total Asset level of $210,421,000 as of December 31, 2012, after only 41 months of operation. Total assets grew by $40 million, or 24 percent, for the 12-month period ended December 31, 2012. Net loans increased by $49 million, or 37 percent, for the same 12-month period.

Net income for the 12-month period ended December 31, 2012, is $3.1 million, compared to a loss of $2.5 million for the 12 months ended December 31, 2011.

Tony Nuzzo, Chairman, President and CEO of First Commons Bank, said, “2012 Net Income was positively impacted by the recognition of a Deferred Tax Asset credit of $2,750,000, which was recorded in the six-month period ended June 30, 2012. However, we are pleased that, as a new bank, net operating income was positive every quarter in 2012.”

First Commons Bank’s assets have now surpassed the assets of more than 4,100 other banks — or more than 58 percent of the 7,100 FDIC-insured banks which filed FDIC call reports for the period ending September 30, 2012.

The Bank’s Net Interest Margin for the 12-month period ended December 31, 2012, was 3.48 percent compared to 3.16 percent for the 12-month period ended December 31, 2011.

Mr. Nuzzo also reported that Director Georgia Murray resigned from the Board. “Georgia has been with First Commons Bank since pre-formation and we thank her for her significant contributions to our success,” he said.

First Commons Bank’s financial results are available on the FDIC’s Web site.

 

First Commons Bank Selected Balance Sheet Items
 

December 2012

December 2011

Total Assets

$210,421,000

$169,594,000

Net Loans

$182,061,000

$132,780,000

Deposits

$185,420,000

$149,435,000

 

First Commons Bank Selected Performance Metrics

Twelve Months
Ended Dec. 31, 2012

Twelve Months
Ended Dec. 31, 2011

Net Income

$3,085,000

<$2,479,000>

Interest Rate Spread

3.34%

2.98%

Net Interest Margin

3.48%

3.16%

Non Interest Expenses
as a percent of Average Assets

3.15%

4.08%

Return on Average Assets

1.62%

<1.82%>

Return on Average Equity

14.97%

<13.66%>

Return on Average Assets
(Excluding Deferred Tax Asset)

0.35%

<1.82%>

Return on Average Equity
(Excluding Deferred Tax Asset)

3.27%

<13.66%>

 

About First Commons Bank

First Commons Bank, N.A., is a nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business on July 22, 2009, reported total assets of $210,421,000 as of December 31, 2012 — after only 41 months of operation and making it larger than 58 percent of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 161 Linden St., Linden Square, in Wellesley, Mass.

Visit First Commons Bank on the Web. Follow the bank on Facebook and on Twitter.

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Posted in Business |


Thursday, November 8th, 2012

ASCO Numatics Announces Winners of 2012 Industrial Automation Engineering Scholarships

FLORHAM PARK, NEW JERSEY, USA, November 8, 2012 – ASCO Numatics, the world’s leading manufacturer of comprehensive fluid automation, flow control, and pneumatics solutions, has announced the recipients of the 2012 ASCO Numatics Industrial Automation Engineering Scholarship. Kelsey Johnson of Brownsburg, Indiana, and Nathan Koetsier of Marne, Michigan, will each receive $5,000 as part of the scholarship program. Additionally, ASCO Numatics will make $1,000 grants to the engineering departments of Purdue University and Michigan Technological University, the schools that Johnson and Koetsier respectively attend.

“This year, ASCO Numatics had the largest and most qualified field of applicants in our scholarship program’s history,” said Robert W. Kemple, Jr., executive vice president, sales and marketing – Americas, ASCO Numatics. “Kelsey and Nathan stood out from the other applicants for their potential to succeed in the industrial automation industry. We look forward to seeing great things from them in the future.”

Johnson will graduate with a bachelor of science in mechanical engineering from Purdue University in May 2013. Koetsier will also receive a bachelor of science degree in mechanical engineering in May 2013 from Michigan Technological University.

ASCO Numatics presented the awards as part of PMMI’s annual 2012 Amazing Packaging Race at PACK EXPO Chicago. The race sends teams of packaging students around the exhibition floor to earn points from exhibitors by completing packaging and processing related tasks. ASCO Numatics’ sponsorship of the race helped support the PMMI Education and Training Foundation, which provides scholarships to packaging students from PMMI partner schools.

The ASCO Numatics Engineering Scholarships are awarded annually based on the candidates’ potential for leadership and for making a significant contribution to the industrial automation engineering profession, particularly as it relates to the application of fluid control and fluid power technologies. A panel of ASCO Numatics and independent judges selected the finalists.

For information on the 2012/2013 ASCO Numatics Engineering Scholarship, visit http://www.asconumatics.com/scholarship.

 

About ASCO Numatics

ASCO Numatics, a company of Emerson, offers comprehensive fluid automation solutions, including fluid control and fluid power products, for a wide range of industry-focused applications. The ASCO Numatics product line in North America consists of more than 50,000 valves, an extensive selection of air preparation equipment, and a full line of actuation products. ASCO products include solenoid pilot valves, angle body piston valves, linear indicators, redundant control systems, and pressure sensors. The Numatics line covers valve manifolds, cylinders, grippers, filters, regulators, and lubricators. For more information about ASCO Numatics products, visit www.asconumatics.com

About Emerson
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and tools and storage businesses. Sales in fiscal 2011 were $24.2 billion. For more information, visit www.Emerson.com.

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Posted in Business, Manufacturing |


Wednesday, October 31st, 2012

First Commons Bank Grows to a $200 Million Institution in 38 Months

Press Release — For Immediate Release 

First Commons Bank Grows to a $200 Million Institution in 38 Months

 NEWTON, MASS. — October 31, 2012 — First Commons Bank of Newton, Mass., today reported that it achieved a Total Asset level of $200,435,000 as of September 30, 2012, after only 38 months of operation. Total assets have grown by $48 million, or 31%, for the 12 month period ended September 30, 2012. Net loans increased by $60 million, or 57%, for the same 12 month period.

Net income for the nine month period ended September 30, 2012 is $3.1 million, compared to a loss of $2.2 million for the nine months ended September 30, 2011.

Tony Nuzzo, Chairman, President and CEO of First Commons Bank said, “2012 Net Income has been positively impacted by the recognition of a Deferred Tax Asset credit of $2,750,000 which was recorded in the six month period ended June 30, 2012. However, we are pleased that, as a new bank, net operating income has been positive for every month since December 2011.”

First Commons Bank’s assets have now surpassed the assets of more than 4,100 other banks — or more than 57% of the 7,200 FDIC-insured banks which filed FDIC call reports for the period ending June 30, 2012.

The Bank’s Net Interest Margin for the nine month period ended September 30, 2012, was 3.50% compared to 3.00% for the nine month period ended September 30, 2011.

First Commons Bank’s financial results are available on the FDIC’s Web site at: https://cdr.ffiec.gov/Public/ViewFacsimileDirect.aspx?ds=call&idType=fdiccert&id=58923&date=09302012.

First Commons Bank Selected Balance Sheet Items
 

September 2012

September 2011
Total Assets

$200,435,000

$152,272,000
Net Loans

$166,496,000

$105,614,000
Deposits

$176,905,000

$132,965,000

 

First Commons Bank Selected Performance Metrics
 

Nine Months Ended September 30, 2012

Nine Months Ended September 30, 2011
Net Income

$3,100,000

<$2,200,000>
Interest Rate Spread

3.36%

2.82%
Net Interest Margin

3.50%

3.00%

 

ABOUT FIRST COMMONS BANK

First Commons Bank, N.A., is a nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business on July 22, 2009, reported total assets of $200,435,000 as of September 30, 2012 — after only 38 months of operation and making it larger than 57% of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 161 Linden St., Linden Square, in Wellesley, Mass.

Visit First Commons Bank on the Web at http://www.firstcommonsbank.com. Follow the bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

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Posted in Business |


Friday, July 27th, 2012

First Commons Bank Recognizes Deferred Tax Asset to Deliver More Than $2.8 Million in Profitability, While Growing to $194 Million in its 12th Qtr

For Immediate Release

First Commons Bank Recognizes Deferred Tax Asset to Deliver More Than $2.8 Million in Profitability, While Growing to $194 Million in its 12th Qtr

— After 12 Quarters of Operations, Mass. Bank is Now Larger than 56% of All FDIC-Insured Banks Nationally —

NEWTON, MASS. — July 27, 2012 — First Commons Bank of Newton, Mass., today reported Net Income of $2,879,000 for the quarter ended June 30, 2012, reflecting the recognition of a Deferred Tax Asset in the amount of $2,750,000 after the bank experienced seven (7) consecutive months of sustained operating profitability. Assets grew to more than $194 million during the 12th quarter of operations ended June 30, 2012. This reflects a 45% increase, or an increase of more than $57 million, versus the asset level of $136 million reported last year for the quarter ended June 30, 2011.

“I am delighted to report that we achieved net operating income in every month since December 2011 — allowing us to recognize a Deferred Tax Asset of $2,750,000 this quarter,” said Tony Nuzzo, Chairman, President, and CEO of First Commons Bank.

“Although it has been only three years since we received our national bank charter from the Office of the Comptroller of the Currency on July 22, 2009, we have already grown to be a $194 million bank while delivering sustained profitability,” he said.

“With more than 7,200 FDIC-insured banks in the U.S. filing reports for the quarter ended March 31, 2012, First Commons Bank’s assets have now surpassed the assets of more than 4,000 other banks — or more than 56% of all FDIC-insured banks nationally in just three years,” Nuzzo noted.

The bank reported net loans grew to $160 million, compared to $94 million as of June 30, 2011, representing an increase of 70% or $66 million. The bank’s net interest margin increased to 3.45%, compared to 3.01% as of June 30, 2011.

First Commons Bank’s financial results are available on the FDIC’s Web site at http://goo.gl/7tIUX.

About First Commons Bank

First Commons Bank, N.A., is a nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business on July 22, 2009, reports total assets of more than $194 million, making it larger than 56% of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 61 Linden St., Linden Square, in Wellesley, Mass.

Visit First Commons Bank on the Web at http://www.firstcommonsbank.com. Follow the bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

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Posted in Business, Uncategorized |


Thursday, April 26th, 2012

First Commons Bank Delivers Operating Profitability, Investment Gains, and $182 million of Assets in 11th Qtr.

— New Mass. Bank Now Larger than 55% of All FDIC-Insured Banks Nationally After Only 11 Quarters —

NEWTON, MASS. — April 26, 2012 — First Commons Bank of Newton, Mass., today reported Net Income of $121,000 for the quarter ended March 31, 2012, representing net operating profitability of $15,000 and one time investment gains from the sale of mortgage-backed securities of another $106,000. Assets have grown to more than $182 million during its eleven quarters of operations ending March 31, 2012. This reflects an increase of 51% or $62 million versus the asset level of $120 million reported for the quarter ending March 31, 2011. The bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“I am delighted to report that we achieved our first quarterly net operating income after only eleven quarters of operations. I am also pleased that we were able to demonstrate again our attention to detail and capitalize upon market conditions in order to take a one-time investment gain. Further, our Loan Portfolio grew 95% versus year ago and our Loan to Deposit Ratio is now 91%,” said Tony Nuzzo, Chairman, President, and CEO.

“With more than 7,300 FDIC-insured banks in the U.S. filing reports for the quarter ended December 31, 2011, First Commons Bank’s assets have now surpassed those of more than 3,900 other banks, or more than 55% percent, after just eleven quarters of operations,” Nuzzo added.

The Bank reported net loans have grown to $148 million, compared to $76 million as of a year ago ending March 31, 2011, representing an increase of 95% or $72 million; and compared to $133 million as of last quarter ended December 31, 2011, representing an increase of 11% or $15 million. The Bank’s net interest margin increased to 3.46% for the quarter ending March 31, 2012, compared to 3.32% for the quarter ending December 31, 2011 and 2.85% for the Quarter ending March 31, 2011.

First Commons Bank’s financial results are available on the FDIC’s Web site at http://goo.gl/rLJtA.

About First Commons Bank

First Commons Bank, N.A., is a new, nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business in 2009, reports total assets of more than $182 million, making it larger than 55% of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest-quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 61 Linden St., Linden Square, in Wellesley, Mass.

Visit First Commons Bank on the Web at http://www.firstcommonsbank.com. Follow the Bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

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Posted in Business |


Tuesday, April 3rd, 2012

ASCO Numatics Announces 2012 Industrial Automation Engineering Scholarships

Streamlined application process simplifies participation

FLORHAM PARK, NEW JERSEY, USA, April 3, 2012 – ASCO Numatics, the world’s leading manufacturer of comprehensive fluid automation, flow control, and pneumatics solutions, today announced the 2012/2013 ASCO Numatics Industrial Automation Engineering Scholarship program.  The program awards two $5,000 scholarships to U.S. engineering students pursuing careers in industrial automation-related disciplines. ASCO Numatics will also make $1,000 grants to the engineering departments of the colleges in which the winners are enrolled. The application deadline is May 25, 2012.

“The industrial automation industry is constantly evolving and it is imperative that we evolve with it. Today’s engineering students will lead companies into the next-generation of industrial automation and we are proud to support their efforts,” said Robert W. Kemple, Jr., executive vice president, sales and marketing – Americas, ASCO Numatics. “As we enter the fourth year of offering this scholarship, it is gratifying to see our past scholarship winners beginning to graduate and advance in their respective careers.”

The scholarships are merit-based and will be awarded on the candidate’s potential for leadership and for making a significant contribution to the industrial automation engineering profession, particularly as it relates to the application of fluid control and fluid power technologies. A panel of ASCO Numatics executives and independent judges will select the finalists.

Applicants must be enrolled full-time in an undergraduate or graduate program in an instrumentation, systems, electrical, mechanical, or automation engineering discipline at an accredited U.S. educational institution for the 2012/2013 academic year. Candidates must also maintain at least a 3.2 cumulative GPA on a 4.0 scale, and be a U.S. citizen or legal U.S. resident. Several changes to this year’s application process will make it easier for engineering students to participate. Complete application details and forms are available at: http://www.asconumatics.com/scholarship.

The application deadline for the scholarship is May 25, 2012. ASCO Numatics will present the scholarship awards as part of the Amazing Packaging Race at PACK EXPO International 2012, October 28 – 31, 2012, at McCormick Place in Chicago.

About ASCO Numatics

ASCO Numatics, a division of Emerson, offers comprehensive fluid automation solutions, including fluid control and fluid power products, for a wide range of industry-focused applications. The ASCO Numatics product line in North America consists of more than 50,000 valves, an extensive selection of air preparation equipment, and a full line of actuation products. ASCO products include solenoid pilot valves, angle body piston valves, linear indicators, redundant control systems, and pressure sensors. The Numatics line covers valve manifolds, cylinders, grippers, filters, regulators, and lubricators. For more information about ASCO Numatics products, visit http://www.asconumatics.com.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2011 were $24.2 billion. For more information, visit www.Emerson.com.

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