industry pr

Press release news from the public relations clients of Tiziani Whitmyre, Inc.

Posts Tagged ‘Massachusetts’


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.

 

Tags: , , , , , , , , ,
Posted in Business |


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.

 # # #

Tags: , , , , , , , ,
Posted in Business |


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.

# # #

Tags: , , , , , , ,
Posted in Business |


Friday, January 27th, 2012

First Commons Bank Assets Top $168 Million in Tenth Qtr., Net Loans Increase 25% vs. Last Qtr.

— New Mass. Bank Now In Top Half of All FDIC-Insured Banks Nationally After Only Ten Quarters —

NEWTON, MASS. — January 27, 2012 — First Commons Bank of Newton, Mass., today reported that its assets have grown to more than $168 million during its tenth quarter of operations ended December 31, 2011. This reflects a 52% increase or over $58 million versus the asset level of $110 million reported for the quarter ending December 31, 2010. The bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“With more than 7,300 FDIC-insured banks in the U.S. filing reports for the quarter ended September 30, 2011, First Commons Bank’s assets have now surpassed those of more than 3,800 other banks, or more than 52% percent, after just ten quarters of operations,” said Tony Nuzzo, Chairman, President, and CEO.

“While we are pleased with our asset growth, we remain focused on achieving sustained profitability,” Nuzzo said. “Our net loan growth of 25% for this quarter versus last quarter moves us considerably closer to reaching this goal.”

The Bank reported net loans have grown to $132 million, compared to $69 million as of year ago ended December 31, 2010, representing an increase of 92% or $63 million, and compared to $105 million as of last quarter ended September 30, 2011, representing an increase of 25% or $27 million. The Bank’s net interest margin increased to 3.57%, compared to 2.40% as of year ago ended December 31, 2010, representing an increase of 48%, and compared to 3.25% as of last quarter ended September 30, 2011, representing an increase of 10%.

First Commons Bank’s financial results are available on the FDIC’s Web site at http://goo.gl/gi13x.

Nuzzo also reported that Director Matt Miller resigned from the Board for personal reasons. “Matt has been with First Commons Bank since our earliest days in pre-formation and we thank him for his significant contributions to our success,” Nuzzo said. There are no plans to replace Mr. Miller as Director.

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 $168 million, making it larger than 52% 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.

Tags: , , , , , , , , ,
Posted in Business |


Friday, October 28th, 2011

First Commons Bank Assets Top $152 Million in Ninth Qtr., Net Loans Double vs. Year Ago

— New Mass. Bank Surpasses More Than 49% of All FDIC-Insured Banks Nationally After Only Nine Quarters —

NEWTON, MASS. — October 28, 2011 — First Commons Bank of Newton, Mass., today reported that its assets have grown to more than $152 million during its ninth quarter of operations ended September 30, 2011. This reflects a 44% increase or over $46 million versus the asset level of $105 million reported for the quarter ending September 30, 2010. The bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“With more than 7,400 FDIC-insured banks in the U.S. filing reports for the quarter ended June 30, 2011, First Commons Bank’s assets have now surpassed those of more than 3,700 other banks, or more than 49%, after just nine quarters of operations,” said Tony Nuzzo, Chairman, President, and CEO.

“While we are pleased with our asset growth over the first two years of operations, we remain focused on achieving sustained profitability,” Nuzzo said.

The Bank reported net loans have grown to $105 million, compared to $50 million as of September 30, 2010, representing an increase of 111% or $55 million. For the nine months ended September 30, 2011, the provision for loan losses increased by approximately $800,000 versus one year ago. For the same period, the Bank’s net interest margin increased by 58% to 3.10%, from 1.96%.

“We are also pleased that we expanded our bank to include a new site in Wellesley, Massachusetts, in August 2011, allowing us to increase our ability to fill the consumer and business voids created by the large banks,” Nuzzo said.

First Commons Bank’s financial results are available on the FDIC’s Web site at http://goo.gl/afM4N.

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 $152 million, making it larger than 49% 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.

# # #

Tags: , , , , , , ,
Posted in Business |


Friday, September 16th, 2011

First Commons Bank Sponsors 2nd Annual “Free Parking Day” in Newton Centre

First Commons Bank of Newton, Mass., celebrated its second anniversary of operations by sponsoring “First Commons Bank Free Parking Day” throughout Newton Centre.

On Sept. 14th, First Commons Bank shopping bags covered all of the city’s parking meters in Newton Centre as the bank picked up the tab on the meters to provide free parking for all residents, shoppers and visitors throughout the day.

The date represents the official opening of the bank’s headquarters in Newton Centre and its start of operations in 2009. The serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

Pictured below: Mark G. Jurilla, Senior Vice President and Chief Retail Officer; Lena K. Chouljian, Vice President and Newton Centre Branch Manager; and Michael J. Tallo, Chief Financial Officer.

fcb-newton-35

Tags: , , , , ,
Posted in Business |


Friday, September 16th, 2011

First Commons Bank Celebrates Grand Opening of Wellesley Branch Office; Receives Official Citations from State Representative Alice Hanlon Peisch

Wellesley, Mass. — September 16, 2011 — The directors and management of First Commons Bank, along with officials from the Town of Wellesley, Mass., and the Wellesley Chamber of Commerce, joined to officially celebrate the opening of the bank’s second branch office at 161 Linden Street in Linden Square, Wellesley, Mass. on Wednesday. The Newton-based bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

State Representative Alice Hanlon Peisch presented official citations from the Massachusetts Senate and from the Massachusetts House of Representatives to Tony Nuzzo, Chairman, President and CEO, congratulating the bank on its second branch and wishing the bank continued success.

In addition to Peisch, those participating in the festivities included Wellesley Chamber President and CEO Maura M. O’Brien, Wellesley Selectmen Owen Dugan and Terri Tsagaris, Wellesley Fire Chief Rick Delorie, Deputy Fire Chief Jeff Peterson, and Wellesley Police Department Lieutenants Marie Cleary and Jack Pilecki.

“This week we are celebrating our second new branch and the bank’s second anniversary of operations,” said Nuzzo. “Here in Wellesley, as we have done in Newton, we will strive to become long-term financial partners with our clients while offering best-in-class customer service; easy access to funds; and fast, logical loan decisions.”

Nuzzo introduced Debby Chui, Vice President and Branch Manager in Wellesley, and Brian Mann, Assistant Branch Manager. “Together, the team has 33 years of banking experience and extensive knowledge of the local community that includes more than 20 years in the town of Wellesley,” he said.

Operating hours for the new office will be Monday-Wednesday, 8:30 to 5:00; Thursday and Friday, 8:30 to 6:00; and Saturday, 8:30 to 2:00. The bank’s phone number is 617-243-4400 and the Web address is http://www.firstcommonsbank.com.

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 $136 million, making it larger than 45% 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, 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 (http://www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

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

# # #

Press contact: Don Goncalves, Tiziani Whitmyre, Inc., 781-793-9380, dgoncalves@tizinc.com

Download high-resolution photos for publication from: http://goo.gl/Zr4Al

Company contact: Tony Nuzzo, First Commons Bank, 617-243-4410

Tags: , , , , ,
Posted in Business |


Friday, June 3rd, 2011

Debby Chui, Brian Mann Join First Commons Bank to Lead New Wellesley Branch

Newton, Massachusetts, USA – June 3, 2011 – First Commons Bank, N.A., of Newton, Mass., has announced the management team for its soon-to-open Wellesley branch office: Debby Chui will be Vice President and Branch Manager, and Brian Mann will be Assistant Branch Manager. The Wellesley branch is scheduled to open this summer at 161 Linden Street, in Linden Square. First Commons Bank opened for business on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“We are pleased that Debby and Brian joined our team. Together, they have 33 years of banking experience and, more importantly, they have over 20 years of Retail Banking experience in the town of Wellesley. Debby and Brian will provide our clients with solid banking expertise as well as extensive knowledge of the local community,” said Tony Nuzzo, Chairman, President, and Chief Executive Officer.

As Vice President and Branch Manager, Ms. Chui, of Newton, Mass., will be responsible for the daily sales and operations of the new Wellesley office; and she will be reporting to Mark Jurilla, Chief Retail Officer. Prior to joining First Commons Bank, Ms. Chui was Vice President and Branch Manager of two RBS Citizens Bank branches in Wellesley. She managed the Linden Street branch from 2006 until 2011, adding responsibility for the Central Street branch in 2007 until 2011. Prior to joining RBS Citizens, Ms. Chui was a Project Manager for Dataware Solutions in Burlington, Mass., where she managed the Putnam account. Previously, she was a Business Consultant for CGU in Foxboro, Mass. Ms. Chui is active in the Wellesley community. She is a member of WOW (World of Wellesley), a nonprofit organization supporting minority professionals in Wellesley. She is also a past board member of the Wellesley Chamber of Commerce. Ms. Chui is a graduate of Brandeis University.

Mr. Mann, of Newton, Mass. will be the Assistant Branch Manager in Wellesley and support the branch’s day-to-day sales and operations. Mr. Mann has 27 years of banking experience. Before joining First Commons Bank, Mr. Mann was a banking executive in the Wellesley community for 16 years. He was Assistant Branch Manager for Cambridgeport Bank in Wellesley for 8 years and remained Assistant Branch Manager with RBS Citizens when it acquired Cambridgeport in 2003. Previously, Mr. Mann was a Mortgage Consultant Manager with Cambridgeport in Cambridge, Mass. He was also a Branch Manager for The Provident Institution for Savings, in Boston. Mr. Mann is a graduate of Suffolk University.

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 July 2009, reports total assets of more than $119 million, making it larger than 41% 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 (http://firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Mass. Follow First Commons Bank on Facebook at http://facebook.com/firstcommonsbank, on Twitter at http://twitter.com/firstcommonsbnk, and on LinkedIn at http://www.linkedin.com/company/first-commons-bank-newton-centre-ma.

# # #

Tags: , , , , , , ,
Posted in Business, Public Safety |


Friday, April 29th, 2011

First Commons Bank Raises $7.4 Million in Private Placement — Assets Grow to $119 Million in 7th Quarter of Operations

fcb-square1Newton Centre, Massachusetts — April 29, 2011 — First Commons Bank of Newton, Mass., today announced it had raised approximately $7.4 million of new capital in a private placement that ended April 20, 2011. Approximately $5.9 million was raised in the quarter ending March 31, 2011, contributing to an 8.5% increase in total assets to $119 million versus the previous quarter ending December 31, 2010. First Commons Bank opened for business on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“We are pleased with our continued ability to raise capital in these difficult economic times. Since the bank’s deposit growth has exceeded initial expectations, the net proceeds from the sale of common stock in our recent offering will provide us with new Tier 1 regulatory capital that provides additional room for growth. The new $5.9 million in capital raised by March 31, 2011, brought our total capital raised to almost $25 million since pre-formation and our March 31, 2011, Tier 1 capital ratio to 15.81%,” said Tony Nuzzo, Chairman, President, and Chief Executive Officer. “Additionally, our loans grew by approximately 10% and our net interest margin grew by approximately 20%, reflecting our focused pursuit of sustained profitability.”

“It is also interesting to note that with more than 7,500 FDIC-insured banks in the U.S. filing quarterly reports for the quarter ended December 31, 2010, First Commons Bank assets have now surpassed those of more than 3,100 other banks, or more than 41 percent, after just 7 quarters of operations,” Nuzzo said.

First Commons Bank financial results are available on the FDIC Website at http://www.fdic.gov or directly through this link: http://goo.gl/dchRM.

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 $119 million, making it larger than 41% 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 (http://firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts. Follow First Commons Bank on Facebook at http://facebook.com/firstcommonsbank, on Twitter at http://twitter.com/firstcommonsbnk and on LinkedIn at http://www.linkedin.com/company/first-commons-bank-newton-centre-ma.

# # #

Press contact: Don Goncalves, Tiziani Whitmyre, Inc., 781-793-9380, dgoncalves@tizinc.com

Company contact: Tony Nuzzo, First Commons Bank, 617-243-4410

Tags: , , , , , , ,
Posted in Business |


Wednesday, April 6th, 2011

Seminar to Help Manufacturers Accelerate the Process of Bringing Reusable Medical Devices to Market

AGAWAM, Mass. – Medical product manufacturers can learn how to accelerate the process of bringing their reusable devices to market in a day-long seminar on May 3, 2011, in Dedham, Massachusetts.

Titled “Bringing Your Reusable Device To Market: Just Because Your Device Lasts Forever Doesn’t Mean The Process of Bringing It To Market Has To,” the seminar will provide an extensive look at the process of introducing such products and help manufacturers answer critical questions such as: “What is required?”; “How much will it cost?”; and “How long will it take?”

The seminar will cover the product introduction process from manufacture of the sterilization tray to the testing that’s required for regulator submittal. Presentations will include:

  • Flushing It Out: New Analytical Methods of Testing on Protein, Hemoglobin, and Carbohydrate
  • Don’t Get Stuck in a Groove: Cleaning Validations Using Microbial Methods
  • What is the Good in Good Laboratory Practices (GLP): Understanding the Process
  • Packaging Your Idea Into Reality: A Look at the Process of Tray Manufacturing
  • One Cycle, Two Cycle, Three Cycle, More?: Sterilization of Your Reusable Devices

The event will run from 8:30 a.m. to 3:30 p.m., with registration and a complimentary continental breakfast starting at 8 a.m. The seminar will be held on Tuesday, May 3, 2011, at the MIT Endicott House, 80 Haven Street, Dedham, Massachusetts. The cost is $149 per person and it includes breakfast, lunch, and workshop handouts.

The seminar is sponsored by Microtest Laboratories, a leader in testing services and contract manufacturing for the medical device, pharmaceutical, and biotechnology industries.

To register, contact Julie Adamski at 413-786-1680, toll-free at 800-631-1680, or at jadamski@microtestlabs.com.

About Microtest Laboratories

Microtest Laboratories is a leader in testing services and contract manufacturing for the medical device, pharmaceutical, and biotechnology industries. Based in Agawam, Massachusetts, USA, the company provides expertise and flexible processes that enhance product safety and security, accelerate time to market, and minimize supply chain disruption. For more information, visit http://www.microtestlabs.com or call 1-413-786-1680 or toll-free 1-800-631-1680. Follow Microtest Laboratories on Twitter @MicrotestLabs at http://twitter.com/MicrotestLabs.

# # #

Press contact: Don Goncalves, 1-781-793-9380, dgoncalves@tizinc.com

Tags: , , , , , ,
Posted in Biosciences, Health/Medical, Life Sciences, Manufacturing, Technology |

« Older Entries

Industry PR is proudly powered by WordPress.
WordPress