NewburyportNews.com, Newburyport, MA

Local News

November 6, 2012

Business briefs

BauerFinancial gives Haverhill Bank

top rating

BauerFinancial has awarded Haverhill Bank its top, five-star rating. The “superior” five-star rating is based on industry standard, annual financial data as of June 30. Five-star institutions appear on BauerFinancial’s “recommended report.” The ratings classify each institution based on a variety of factors, including capital level, profitability, historical trends, reserves, regulatory compliance and asset quality.

“The five-star rating is a testament to the standards we put into place and the core practices that have been at the foundation of the bank for 135 years,” Haverhill Bank President and Chief Executive Officer Thomas L. Mortimer said,

In addition to its Haverhill locations, Haverhill Bank, a depositor-owned institution, has a branch at 6 West Main St. in Merrimac.

Amesbury Sealing Products achieves OSHA award

Amesbury Sealing Products’ Amesbury manufacturing facility has been granted a Safety and Health Achievement Recognition Program award from the Occupational Safety and Health Administration in recognition of operating an exemplary injury and illness prevention program at its work site.

Officials from the Massachusetts Department of Labor Standards and OSHA presented the award to the 55 employees at the Amesbury facility at 57 South Hunt Road on Oct. 22 and celebrated the facility’s effort and commitment to safety in the workplace.

The plant became the fifth Amesbury Sealing Products unit to achieve the SHARP award, the others being located in North Carolina and South Dakota. Fewer than 1,600 worksites in the country and only 11 in Massachusetts currently have the SHARP recognition.

The Amesbury facility is a producer of the Foam-Tite product line of weather seals, foam gaskets used by major U.S. window manufacturers to prevent air and water infiltration in their products. The company, also known as Amesbury Group and Amesbury Industries, originated in 1978 when the Bailey Company spun off its commercial department at 21 Water St. to create an independent corporation.

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