Community bank takes new name and new focus.FRAMINGHAM, Mass.--(BUSINESS WIRE)--April 30, 1996--The board of directors and stockholders of Framingham 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. recently voted to change the name of the bank to MetroWest Bank, effective June 12, 1996. But for the bank, it's more than just a name change. It's a change in focus and in business strategy. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ted Valpey Jr., chairman of the board of the bank, "The MetroWest area has grown considerably over the past few years and a lot of exciting new businesses have emerged in MetroWest. But with all those recent big banks mergers, it's left a big gap for businesses in our area." "Those big banks have certain rigid criteria to be met before they'll make a loan to a business. As a local community bank, we're much more flexible and we can review each business on a personal basis." "MetroWest Bank is a community bank working to help the people and businesses in our communities. We can lend a more sympathetic ear to businesses," says Valpey. "We can approve loans locally and we're much more responsive than those giant banks." Valpey cited MetroWest as a booming area for new and growing businesses. "Some of the most exciting and fastest growing businesses in America are located here, including Bose Corp., Staples staples U-shaped stainless steel or vitallium units with sharp points used for surgical fixation. epiphyseal staples used to staple epiphysis to metaphysis; have metal bracing at the corners. , TJX Cos., EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp. and Boston Scientific The Boston Scientific Corporation (NYSE: BSX) (abbreviated BSC), is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, . And new businesses are springing up every day." MetroWest Bank will have a lending area of 62 towns in the greater MetroWest area and in the surrounding communities. "The big banks have left a gap in this area and as the community bank of MetroWest, we intend to fill that gap," said Valpey. CONTACT: Framingham Savings Bank Colleen col·leen n. An Irish girl. [Irish Gaelic cailín, diminutive of caile, girl, from Old Irish. Hughes, 508/620-0300 Ext. 381 |
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