Booth Elected To Mechanics Savings Bank Board.HARTFORD, Conn.--(BUSINESS WIRE)--Sept. 16, 1997--Edgar C. Gerwig, Chairman and President of Mechanics Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , announced that Richard H. Booth has been elected a Director of the Bank. Mr. Booth is Executive Vice President of Phoenix Home Life Mutual Insurance Company. He is responsible for the strategic development activities of the company's domestic and international operations. In addition, he oversees the company's Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. operation, Information Systems division, and Phoenix Charter Oak Trust, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. that provides trust and administration services. Mr. Booth is a director of Phoenix Duff & Phelps, Aberdeen Trust PLC, and Hartford Steam Boiler Inspection and Insurance Company of Hartford, Connecticut. Mr. Booth joined Phoenix in October, 1994. Prior to that, he was president, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and a director of The Travelers Corporation. Before that, he held positions at Connecticut General Life Insurance Company and Coopers & Lybrand. Mr. Booth is a member of the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Wadsworth Atheneum, the World Affairs Council World Affairs Council may refer to:
All 50 states have governing bodies that oversee the administration of public education. of the University of Hartford. Mr. Booth is a Chartered Financial Consultant, a member of the American Institute of CPAs, the Connecticut Society of CPAs, the Hartford Society of Financial Analysts, the Hartford Chapter of the American Society of Chartered Life Underwriters, and the Financial Analysts Federation. Mr. Booth received bachelor's and master's degrees from the University of Hartford. Mechanics Savings Bank is a $825 million stock savings bank serving the needs of consumers and small to mid-size business customers with 14 convenient Central Connecticut locations. CONTACT: Mechanics Savings Bank Teresa Knox, 860/692-4129 |
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