Putnam Savings Bank recently promoted 11 employees. Seated from left: Linda Bellavance, Jessica Reed and Shauna Baxter. Second row: Sandra Lisee and Elizabeth Shalvey. Back row: Katie Kovacik, Patricia Chaput, Nicholas Mainville, Bridget Joiner and Kimberly Bettencourt. Missing from the photo is Jennifer Hudock.
Putnam Savings Bank recently announced 11 staff promotions and a number of new hires.
Bridget Joiner has been promoted to the position of IRA coordinator. Joiner has been with the bank since 2004 as a customer service representative, and is taking classes through the Center for Financial Training.
Sandra Lisee has been promoted to staff accountant. Lisee has been in banking for over 14 years and has been with Putnam Savings Bank since 1997. She holds a general financial services diploma and customer service certificate through the Center for Financial Training.
Jessica Reed was promoted to Internet banking specialist. Reed began her career with Putnam Savings Bank in 2000. Since then she has held positions including customer service representative and training/IT assistant.
Elizabeth Shalvey has been promoted to the position of customer service representative at the main office. Shalvey has been with the bank since 2005. She attended the Boston Business School.
Linda Bellavance was promoted to senior teller at the main office. Bellevance has more than 15 years of banking experience and has been with Putnam Savings Bank since 2003. She has completed several courses toward a professional teller certificate through the Center for Financial Training.
Shauna Baxter has been promoted to the position of human resources assistant. Baxter began her career with the bank in 2003 and has held various positions, most recently serving as personnel clerk.
Patricia Chaput has been promoted to electronic banking specialist II. Chaput began her career with Putnam Savings Bank in 1992 and has worked in its Operations Department for the past 12 years.
Nicholas Mainville was promoted to customer service representative in the Griswold office. Mainville began his career with the bank in 2005 as a teller at the main office.
Kimberley Bettencourt has been promoted to head teller at the Putnam Price Chopper office. Bettencourt began her career with the bank in 2005 as a teller.
Jennifer Hudock has been promoted to the position of head teller at the Griswold branch. Hudock has been with the bank since 2002.
Katie Kovacik has been promoted to operations clerk II. Kovacik began her career with Putnam Savings Bank in 2000.
Putnam Savings Bank also welcomed the following new members to its team: Jennifer White, commercial loan officer; Phyllis Durand, loan clerk; Amanda Bottone, accounting clerk; Elizabeth Farnum, operations clerk; Briana Welch, loan processor; Richard Young, courier; and Lindsay Moser, summer operations clerk. Also joining the main office in Putnam are: Michelle DeMarco, senior teller; Mandy Orlowski, teller; Megan Shockley, teller; Jessica Smith, floating teller; and James Gladue, teller.
The Griswold office hired teller Jennifer Chester. Tellers Samantha Safford, Sandra Pellecchia, Jenna Laflamme are new to the Plainfield office, while Jessica Collette and Beth Girard have joined the Danielson office.
SBT Announces Income
SBT Bancorp, the holding company for The Simsbury Bank & Trust Co., recently announced net income of $199,000 in the second quarter compared to $426,000 a year ago. Net income per diluted share was 23 cents, compared to 50 cents a year ago. Total assets on June 30, 2006, were $216 million, an increase of $12 million over the prior year.
Officials said net income for the quarter was affected by the opening of the bank’s fifth full-service branch in Bloomfield – the second full-service branch opening in seven months – and the effects of a challenging interest-rate environment on the bank’s net-interest income growth.
On June 30, 2006, loans outstanding were $155 million, an increase of $10 million, or 7 percent, over a year ago, and total deposits were $196 million, an increase of $9 million, or 5 percent, over a year ago.
Total revenues, consisting of net interest and dividend income plus total non-interest income, were $2.16 million in the second quarter compared to $2.14 million a year ago. Officials said the bank’s total revenues increased despite operating in a difficult interest-rate environment, with the spread between long-term and short-term interest rates remaining very narrow.
