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August 30, 2011

Business News in Brief

New branch manager at Provident Bank

Leanne Corning has been appointed branch manager/retail officer of The Provident Bank's Storey Avenue branch. Corning returns to Newburyport where she has spent most of her 13-year career in banking. She had served as assistant branch manager at The Provident Bank's Hampton, N.H., branch since 2010. Corning has a bachelor's degree in business administration with a human resources concentration from Salem State College. She is a Seabrook resident.

Newburyport 5 Cents ranks in top five

Newburyport Five Cents Savings Bank continues to rank near the top in overall performance, according to the 2011 Massachusetts Bank Performance Report Mid-Year 2011 published by Financial Management Consulting Group, a Kentucky-based bank consulting firm. The mid-year report lists Newburyport Five Cents Savings Bank as the fifth-best bank in overall performance in Massachusetts out of 139 banks. The report analyzes banks on various financial factors such as total assets, net interest income, equity plus reserves, efficiency and asset quality. The Newburyport Five Cents Bank, with assets of $630 million, outranks many other Massachusetts banks, in overall performance, including State Street Bank ($185 billion), Eastern Bank ($7 billion) and Salem Five ($2.8 billion).

Sales seminar at Clean Tech Center

A free seminar titled Succeeding in the Global Economy: Resources to Help You Expand Your Business Internationally will be presented Tuesday, Sept. 20, from 8:30 to 10:30 a.m. at the Clean Tech Center at 10 Mulliken Way in the Newburyport Industrial Park.

The seminar for local business leaders and entrepreneurs will explain state and federal programs available to help businesses with international sales efforts. Presenters will include Maria Hladikova, trade services manager at the Massachusetts Export Center; Ken Brown, director of the Massachusetts Office of International Trade and Investment; Michelle Ouellette, senior international trade specialist with the U.S. Department of Commerce; John Joyce, international trade and finance manager with the U.S. Small Business Administration; Alvaro Alamillo, vice president of Sovereign Bank's International Banking; and Roger Foster of Newburyport, president of Cenostar Corporation.

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