NewburyportNews.com, Newburyport, MA

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.

The seminar is part of a series being offered by the Clean Tech Center. Reservations are requested by emailing info@newburyportcleantechcenter.com or calling 978-358-5802 by Sept. 9.

iMarc named to the Inc. 5000 list

iMarc, LLC has once again been named to the Inc. 5000 list of the most entrepreneurial and fastest-growing private companies in America. Based in Newburyport, iMarc is a leading provider of mobile and web application development services. This is iMarc's third year appearing on the list. Companies on the Inc. 5000 list are ranked according to the percentage of revenue growth from 2007 to 2010. Qualified companies must be privately held, for profit and independent.

Jaffarian launches GAME ON

As part of its ongoing commitment to support children and teen sports in the local communities, Jaffarian Automotive Group, a family-owned, full-service dealership, has launched GAME ON, the first program of its kind in the region to donate a portion of its profits to local high school athletic programs. There is no cost for the selected schools or towns to participate.

In the GAME ON program, Jaffarian Automotive Group is working closely with athletic directors to support high school sports in eight school communities serving the towns of: Amesbury, Andover, Boxford, Groveland, Haverhill, Merrimac, Middleton, Newbury, Newburyport, North Andover, Rowley, Salisbury, West Newbury and Topsfield. For every new or pre-owned vehicle bought or leased by a resident of a participating town, Jaffarian Automotive Group will donate $50 to the school's athletics program. Friends and relatives who are outside of participating towns may indicate that they would like a donation to be sent to one of the schools participating in the program.

Breakfast series honors local businesses

Join the Amesbury Chamber of Commerce & Industrial Foundation at the Chamber Breakfast Series as they honor three local businesses: Amesbury Educational Foundation, Amesbury Glass & Mirror and Shaheen Bros. The meeting will be held at Flatbread Company, 5 Market Square, on Sept. 21 at 7:30 a.m. The keynote speakers are Jay Gould, Dan Healy and Cathy Toomey. Tickets are $15 for members and $20 for nonmembers. To make a reservation, call 978-388-3178 or fax 978-388-4952 or email chamber@amesburychamber.com.

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