Category: jbkeskdr

Electric Forest adds Lettuce, Raw Russ, The Unsheathed, and Releases Daily Schedule

first_imgElectric Forest has added Brooklyn-funk outfit Lettuce to its lineup, as well as Raw Russ, THE UNSHEATHED, Basscrooks, The Fungineers, and Cello Joe in the latest round of artist additions.  To coincide with the announcement, the daily performance schedule has also been released for your viewing pleasure.Elm and Oak will be TAKING OVER the Silent Disco on Thursday night with Very Special Guests and bringing a blow-out beach party to EF hosted by Raw Russ and Basscrooks! The festival is set to take place June 27th-30th in Rothbury, MI and features three performances by The String Cheese Incident, along with sets from Dispatch, Passion Pit, Pretty Lights, Holy Ghost!, Emancipator, Above & Beyond, Empire of the Sun, Yeasayer, Beats Antique, and a myriad of other artists.You can view the daily schedule here.Artist Additions:LettuceRaw RussTHE UNSHEATHEDThe FungineersBass CrooksCello JoeElectric Forest 2013 LineupThe String Cheese Incident (3 shows)Pretty LightsPassion PitEmpire of the SunKnife PartyAbove & BeyondDispatchLotusBenny BenassiYeasayerBeats AntiqueGrizMatik with Special GuestsMadeonTommy TrashMorgan PageA-TrakGrimesKrewellaHOLY GHOST!NERVOEOTORailroad EarthHeadhunterzTrombone Shorty & Orleans AvenueKill the NoiseBaauerEmancipatorFEMI KUTI & The Positive ForceNoisia3LAUFlosstradamusMichal MenertRL GrimeJust BlazeSuckerPunch ft. Marc and Aron of the Disco Biscuits, Jamie Shields of the New Deal, and Mike Greenfield of LotusDanny BrownGreensky BluegrassDigital Tape Machine ft. Joel Cummins & Kris Myers of Umphrey’s McGeeFuture RockThe Polish AmbassadorThe WerksTreasure FingersBoomBoxClockworkAna SiaCrazeLe Castle VaniaOLIVEROrchard LoungeJeff Austin & FriendsEskmoPigs on the Wing ft. Murphy of STS9Eliot LippCyril HahnReptarNick CatchdubsA Tribe Called RedNo Regular PlayThe Pimps of JoytimeRyan HemsworthLance HerbstrongDoldrumsKeys N KratesNigel HallNahko and Medicine for the PeopleQuixoticRobert DeLongLynxDelhi 2 DublinUp Until NowHelicopter ShowdownRuss LiquidMoon HoochDopapodShreddie MercuryLowRIDERzMilkmanThe Main SqueezeSamo Sound BoyThe FlooziesTwiddleMutrixTumbleweed WanderersDVBBSThe StepkidsBeard-o-BeesLuke the KnifeManic FocusThe Nth PowerParty SuppliesRosin CovenCosby Sweater ft. Joel Cummins of Umphrey’s McGeeChristian RichThriftworksVokab KompanyMotion PotionBestfriendsDustin ThomasDixon’s ViolinMunson MeeksMoonrise NationRobbie FitzsimmonsJessijem n’ the Infamous Crotch Kickers Instrumental Forester WinnerSam Klass Instrumental Forester Winnerlast_img read more

Jimmie Johnson to wear Blue Bunny Helmet of Hope at Kentucky

first_imgCHARLOTTE, N.C. — Seven-time NASCAR Cup Series Champion Jimmie Johnson will highlight the Jimmie Johnson Foundation this weekend during the Quaker State 400 NASCAR Cup Series race at Kentucky Speedway in Sparta. In addition to wearing the Blue Bunny Helmet of Hope, which honors five charities working to improve K-12 public education, a special Jimmie Johnson Foundation (JJF) paint scheme will be featured on his No. 48 Lowe’s Chevrolet. As a show of support for Johnson’s efforts to raise funds for K-12 public education, a number of his NASCAR Cup Series competitors will join him in displaying JJF-branded decals on the visors of their helmets.“I’m thrilled to be able to share and celebrate the work of the Foundation this weekend,” said Johnson. “Chandra (wife) and I are so grateful to Lowe’s for allowing us to run the Foundation paint scheme for the thirteenth time, Blue Bunny for sponsoring the Helmet of Hope program again this year, and all of the drivers participating in the visor campaign. Thanks to the overwhelming generosity of our partners and the NASCAR community, we are able to provide much needed financial support to some outstanding non-profits and schools through Foundation programs.”The Blue Bunny Helmet of Hope program allows fans and consumers across the country to nominate and vote on not-for-profit (501c3) organizations that support K-12 public education.  Each of the recipients was also awarded a $25,000 grant and a Blue Bunny Ice Cream party.The five grant recipients are:●  Hamilton Heights Educational Foundation in Arcadia, Indiana●  Life Pieces to Masterpieces in Washington, DC●  Read Better Be Better in Phoenix●  Siouxland Ag in the Classroom in Moville, Iowa●  The Pencil Box in Tulsa, Oklahoma“We are extremely proud to once again support the incredible work and commitment displayed by each of the organizations to assist K-12 public education,” Mike Wells, President & CEO, Wells Enterprises, Inc., maker of Blue Bunny ice cream said. “The passion around the mission of each of these organizations is evident through the rallying of their supporters to vote and ultimately secure additional needed funding. It never ceases to amaze me at how creative and driven all of the organizations are to securing the votes needed.”A number of competitors will sport a specially designed JJF strip on the visors of their respective helmets. At the conclusion of Saturday’s 400-mile race at Kentucky, participating drivers will sign the visors. The signed visors will be available in an online auction to raise funds to support K-12 public education. Participating drivers include: AJ Allmendinger, Aric Almirola, Alex Bowman, Clint Bowyer, Chris Buescher, Kurt Busch, Kyle Busch, William Byron, Matt DiBenedetto, Chase Elliott, Erik Jones, Kasey Kahne, Michael McDowell, David Ragan, Ricky Stenhouse Jr., Daniel Suarez and Martin Truex Jr. Drivers Austin Dillon, Kevin Harvick, Joey Logano, Paul Menard and Jamie McMurray will donate visors for the auction.In addition to the Blue Bunny Helmet of Hope program, the Foundation operates the Champions Grant program, which provides cash grants to schools in the Johnsons’ hometowns and where they currently live; and Team Up For Technology, a $48,000 technology makeover open to schools nationwide.  Each of these programs will be featured on the special JJF paint scheme.About the Jimmie Johnson FoundationChandra and Jimmie Johnson launched the Jimmie Johnson Foundation in February 2006. Johnson, the seven-time NASCAR Cup champion, drives the No. 48 Lowe’s Chevrolet Camaro ZL1 in NASCAR’s top series. The mission of the Foundation is to assist children, families, and communities in need throughout the United States. The Foundation has committed more than $11 million to various charities. The Foundation currently focuses on K-12 public education.  For additional information on the Jimmie Johnson Foundation, please visit www.jimmiejohnsonfoundation.org.last_img read more

Erich Bergen Confirmed to Play Bob Gaudio in Clint Eastwood’s Jersey Boys Movie

first_img Star Files Erich Bergen, who played the role of Four Seasons mastermind Bob Gaudio in the national tour, Los Angeles and Las Vegas casts of Jersey Boys, will reprise the role in Clint Eastwood’s film adaptation of the Tony Award-winning musical. Bergen joins previously announced cast members Joey Russo, Jeremy Luke and Christopher Walken. Original star John Lloyd Young is rumored to reprise his Tony-winning role as Frankie Valli. View Comments Related Shows Jersey Boyscenter_img Jersey Boys tells the story of how the Four Seasons became one of the top singing groups of the 1960s before they turned 30. As in the show, the film will incorporate hits such as “Sherry,” “Oh What a Night,” Big Girls Don’t Cry” and “Can’t Take My Eyes Off You.” The Broadway production opened on October 4, 2005, and continues its run at the August Wilson Theatre. Bergen’s film and TV credits include How Sweet It Is, Gossip Girl, Person of Interest, Desperate Housewives and Franklin & Bash. His theater credits include Billy Crocker in the national tour of Roundabout Theatre Company’s Anything Goes, the title role in Hero at the Marriott Theatre in Lincolnshire, IL, and Rudi Gernreich in the Los Angeles premiere of The Temperamentals. from $59.00 John Lloyd Younglast_img read more

Take a First Look at Tony Winner Roger Bart & the Cast of Back to the Future the Musical in London

first_img Star Files View Comments Olly Dobson as Marty McFly and Courtney-Mae Briggs as Jennifer Parker The cast of Back to the Future Roger Bart The cast of Back to the Future Roger Bart and Olly Dobson(Photos: Sean Ebsworth Barnes) Back to the Future, a new musical based on Robert Zemeckis’ hit 1985 movie, is making its world premiere in London. As previously announced, the new musical will run from February 20 through May 17 at the Manchester Opera House in advance of a West End run. Directed by Tony winner John Rando, the musical follows the familiar story of Marty McFly, a teenager who’s accidentally transported back to 1955 in a time-traveling DeLorean invented by his friend, Dr. Emmett Brown. Tony winner Roger Bart stars as Doc Brown, and Olly Dobson plays Marty. Take a look at the cast on stage in England below.  Olly Dobson as Marty McFly and Roger Bart as Doc Brownlast_img read more

Watch Broadway Couple Audra McDonald & Will Swenson’s Heart-Warming Performance of ‘Smile’

first_img Star Files Audra McDonald & Will Swenson View Comments Audra McDonaldcenter_img Got the stuck inside scaries? You’re definitely not alone. Need something to calm you down and make you feel super cozy? Look no further than the heavenly vocals of Broadway power couple Audra McDonald and Will Swenson. The talented duo appeared on Broadway.com’s webstream of The Rosie O’Donnell Show in support of The Actors Fund on March 22, and performed the song “Smile.” The song, in an amusing coincidence, was also performed by Patti LuPone on the show, but we don’t mind the double reminder to find some joy in these uncertain times. Watch their incredible performance below, and donate to The Actors Fund here! Will Swensonlast_img read more

Berkshire Hills reports 43 cents Q3 2013 core EPS

first_imgBerkshire Bank,Berkshire Hills Bancorp, Inc (NYSE:’ BHLB), parent of Berkshire Bank, reported that, for the first nine months of the year, core income increased by 18% to’ $36.7 million’ from’ $31.0 million’ due to the benefit of organic and acquisition growth initiatives.’  Nine month core earnings per share increased by 3% to’ $1.47’ from’ $1.43.’  The benefit of business expansion has more than offset pricing pressures in the low interest rate environment.’ Third quarter core earnings totaled’ $10.7 million’ in 2013 compared to’ $11.4 million’ in 2012.’  The widely publicized reduction in residential mortgage refinancing demand led to a’ $0.10’ per share after-tax reduction in mortgage banking fees.’  As a result, third quarter core earnings per share decreased to’ $0.43’ in 2013, compared to’ $0.52’ in the third quarter of 2012.’  ‘ Results in the most recent quarter included 16% annualized loan growth and a 4% reduction in core non-interest expense, compared to the linked quarter, reflecting’ Berkshire’s’ recent initiatives in response to the mortgage changes.’ Nine month GAAP net income increased to’ $30.6 million’ in 2013 from’ $23.9 million’ in 2012.’ ‘  These amounts include net non-core charges primarily related to mergers, systems integration, and restructuring expenses.’  They also include a third quarter 2013 net non-core credit adjustment posted as an out-of-period correction to recognize prior period interest income on loans acquired in bank acquisitions, net of related taxes and a variable compensation adjustment.’  Nine month GAAP net income increased to’ $1.22’ per share in 2013 from’ $1.10’ in 2012.’  Third quarter GAAP net income was’ $8.1 million’ and’ $10.0 million’ in 2013 and 2012, while third quarter GAAP earnings per share were’ $0.33’ and’ $0.46’ per share, respectively.’ ‘  Non-core charges in the most recent quarter were primarily due to restructuring charges intended to reduce ongoing operating expenses and improve future profitability.THIRD QUARTER FINANCIAL HIGHLIGHTS16% annualized increase in commercial business loans and in total loans8% annualized increase in total commercial loans7% annualized increase in total deposits16% annualized increase in demand deposits3.93% net interest margin4% decrease in core non-interest expense compared to prior quarter0.58% non-performing assets/total assets0.32% net loan charge-offs/average loansCEO’ Michael Daly’ stated, “We had a good quarter and our business expansion initiatives have driven year-to-date earnings growth despite the headwinds resulting from the interest rate environment.’  At the beginning of the third quarter, we took action to further consolidate the benefits from our expansion.’  We renewed loan growth while trimming core expenses, achieving near-term core earnings and profitability targets.”Mr. Daly continued, “We expect to accomplish our long term objectives through market share growth in our New England andNew York’ footprint. We’ve attracted a strong team and assembled the infrastructure to enable us to be the preferred provider of financial solutions.’  Recently,’ George Bacigalupo’ was promoted to the position of EVP ‘ Commercial Banking.’  George is an accomplished regional commercial banking executive serving middle market businesses.’  Our commercial market managers produced strong loan growth in the quarter and business development prospects remain encouraging for the months ahead.”Mr. Daly concluded, “We are restructuring targeted operations to drive additional efficiencies arising from expansion and infrastructure investment.’  Non-core restructuring charges were recorded during the quarter, enabling us to lower ongoing operating expenses as demonstrated by our third quarter results.’  In addition, there has been good progress towards completing the purchase of 20 New York branches from Bank of America in January.’  We are targeting overall positive operating leverage in 2014 based on revenue growth and efficiency goals.”DIVIDEND DECLAREDThe Board of Directors voted to declare a cash dividend of’ $0.18’ per share to shareholders of record at the close of business onNovember 14, 2013, payable on’ November 27, 2013. This dividend equates to a 2.7% annualized yield based on the’ $26.21average closing price of’ Berkshire’s’ common stock during the third quarter of 2013.’ ‘ ‘ NOTE ON ACCOUNTING CORRECTIONDuring the most recent quarter, the Company recorded a correction to recognize’ $2.2 million’ of prior period revenue that was primarily related to interest income earned on loans acquired in bank acquisitions, together with an income tax adjustment.’  This included’ $0.9 million’ in additional revenue for the first half of 2013, with the remainder representing revenue which was not previously recorded in 2011 and 2012.’  After evaluating the quantitative and qualitative aspects of these adjustments, the Company concluded that prior period statements were not materially misstated, and therefore no restatement was required and no revision was necessary in the disclosure of the level and trend of earnings. The Company classified this revenue as non-core in its determination of core earnings.FINANCIAL CONDITIONBerkshire’ increased its earning assets by’ $227 million’ (5%) in the most recent quarter including growth of’ $153 million’ (16% annualized) in total loans, with growth registered in most major loan categories.’  Loan growth was funded in part with a’ $67 million’ increase (7% annualized) in deposits, and’ Berkshire’ made progress towards its goal of completing the purchase of more than’ $600 million’ in deposits from Bank of America in January. ‘ ‘ Measures of asset quality, liquidity, and capital remained within targets and the Company continued to maintain an asset sensitive interest rate risk profile.’  Tangible book value per share increased to’ $16.08’ and total book value per share grew to’ $26.98.Earning asset growth included the benefit of ongoing business development as well as targeted asset purchases, primarily consisting of medium duration government agency mortgage backed securities.’  Run-off of commercial real estate related loans decreased and total commercial mortgage loans increased at a 4% annualized rate.’  Commercial business loans continued to grow strongly, increasing at a 16% annualized rate for the quarter and 15% year-to-date.’  As a result, total loan growth turned positive for the year-to-date.’  A significant portion of residential mortgage production was retained in the portfolio, benefiting from promotion of 10/1 adjustable rate mortgages as an alternative to higher cost 30-year fixed rate mortgages.’  Consumer loans advanced at a 21% annualized rate in the quarter, mostly due to higher originations of prime indirect automobile loans byBerkshire’s’ Syracuse based consumer lending team.’  Based on quarter-end lending pipelines, the Company expects to produce further net loan growth during the remainder of the year.Asset quality metrics remained favorable in the most recent quarter.’  Quarterly annualized net loan charge-offs measured 0.32% of average loans.’  Quarter-end non-performing assets were 0.58% of total assets, compared to 0.52% at the start of the year.’  Accruing delinquent loans were 0.71% of total loans after nine months, compared to 1.11% at the start of the year.’  The loan loss allowance measured 0.83% of total loans at both of the above dates.The 7% annualized third quarter increase in total deposits included 16% annualized growth in demand deposits and 19% annualized growth in money market balances.’  Due to short term promotions, the cost of deposits increased slightly to 0.55% from 0.52% in the prior quarter.’  Deposit growth included a’ $49 million’ increase in commercial deposits, including the benefit of ongoing commercial relationship expansion.’  Total borrowings increased by’ $149 million’ as short term funds were used to support earning asset growth pending the completion of the deposit acquisition.’ ‘ The loan/deposit ratio measured 104% at quarter-end.’ ‘ Berkshire’ improved the utilization of its capital to support higher earning assets, with the result that the ratio of tangible equity/assets stood at 7.7% at quarter-end, compared to 8.1% at the start of the quarter.’ ‘  The ratio of total equity/assets stood at 12.4% and 12.9% at these dates, respectively.’ RESULTS OF OPERATIONSBerkshire’ posted year-over-year growth in net revenue totaling 17% in the third quarter and 24% for the first nine months of the year due primarily to its organic and acquisition growth strategies.’  Most categories of income and expense increased year-over-year including the impact of acquisitions.’  Core earnings increased by 18% for the first nine months with the benefit of overall business expansion.’ ‘ Berkshire achieved these results while bearing the costs of maintaining its asset sensitive interest rate risk profile, absorbing charges related to its branch and team expansion, and investing in technology and other infrastructure.’  GAAP earnings include the impact of net non-core charges related to mergers, systems conversion, restructuring, and securities gains.’  The reconciliation of net income and core income, together with related financial measures, is shown on tables F-9 and F-10 of the financial tables.’  The core return on assets measured 0.81% in the most recent quarter while the GAAP return on assets measured 0.61% after the non-core items.’  The core return on tangible equity measured 11.2% during the quarter, while the GAAP return on equity measured 4.7%.Compared to the linked quarter,’ Berkshire’s’ third quarter net revenue increased by 2%.’ ‘ Core net revenue decreased by 1% due to lower mortgage banking fee revenue.’  Net interest income increased by 12% while non-interest income declined by 22%, including a decrease in realized equity securities gains.Average earning assets increased by 2% in the most recent quarter.’  Most of the growth came later in the quarter, resulting in a 5% increase in period-end balances.’  In addition to earning asset growth, net interest income benefited from an improvement in the net interest margin to 3.93%.’  Net interest income during the quarter included’ $8.5 million’ in purchased loan accounting accretion, including’ $4.8 million’ related to recoveries on acquired impaired loans and’ $2.2 million’ related to the out-of-period accounting adjustment.’  Excluding purchased loan accounting accretion, the net interest margin measured 3.21% during the quarter, compared to 3.34% in the prior quarter due to the ongoing impact of the low interest rate environment on earning asset yields and changes in the asset mix.’ Non-interest income decreased to’ $12.1 million’ in the third quarter of 2013, compared to’ $15.6 million’ in the linked quarter.’  This included a’ $1.7 million’ decrease in mortgage banking fees and a’ $1.3 million’ decrease in other loan fees related primarily to loan sales in the earlier quarter.’  The decrease in mortgage banking revenue resulted from lower refinancing demand, tighter margins on secondary market activity, and higher retention of adjustable rate mortgages in the mortgage portfolio.’ The third quarter provision for loan losses increased to’ $3.2 million’ in 2013 from’ $2.7 million’ in the linked quarter and from’ $2.5 million’ in the third quarter of 2012.’  Net loan charge-offs totaled’ $3.2 million,’ $2.7 million, and’ $2.3 million’ for these periods, respectively.’  There were no significant changes in the Company’s charge-off metrics, which remain low compared to long term industry standards.’  Following the loan loss provision, the loan loss allowance remained unchanged at’ $33.2 million’ during the most recent quarter and for the first nine months of the year.’ Third quarter core non-interest expense decreased by’ $1.4 million’ (4%) compared to the linked quarter due to cost saving initiatives that were undertaken in the third quarter.’  Most major categories of expense declined.’  Full time equivalent staff decreased by 7% to 948 from 1,014 during the quarter.’  Compensation expense did not fully reflect the declining run rate during the quarter, and this was offset by higher variable compensation related to increased business production and the increased prior period revenue recognition.Total GAAP non-interest expense increased to’ $42.8 million’ from’ $37.9 million’ in the linked quarter due to’ $6.5 million’ of non-recurring charges in the most recent quarter, including’ $1.0 million’ related to the upcoming acquisition of Bank of America branches,’ $2.4 million’ in severance costs, and’ $2.8 million’ related to facilities restructuring costs.’  The latter charge related to nine properties that are being closed or consolidated.’  Two branches are being consolidated in the fourth quarter, and for the year,’ Berkshire’ will have consolidated five branch offices (7% of the total) to achieve greater efficiency following its acquisitions.’  The Company continues to evaluate restructuring opportunities in order to improve efficiency.’  The efficiency ratio improved to 61.0% in the most recent quarter.’  The effective income tax rate was 32.6% in the most recent quarter, which was generally in line with the Company’s expectations.CONFERENCE CALLBerkshire’ will conduct a conference call/webcast’ at’ 10:00 a.m. eastern time’ on’ Tuesday, October 29, 2013’ to discuss the results for the quarter and provide guidance about expected future results.’  Participants should dial-in to the call a few minutes before it begins.’  Information about the conference call follows:Dial-in:’ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ 888-317-6003Elite Entry Number:’ ‘ ‘ ‘ ‘ ‘ ‘ 8416293Webcast:’ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ berkshirebank.com’ (investor relations link)‘ ‘ A telephone replay of the call will be available through’ Wednesday, November 6, 2013’ by calling’ 877-344-7529’ and entering conference number:’ 10034938.’  The webcast and a podcast will be available at’ Berkshire’s website above for an extended period.’  A PDF version of this release is available at’ Berkshire’s’ Investor Relations web site.BACKGROUNDBerkshire Hills Bancorp is the parent of Berkshire Bank ‘’ America’s Most Exciting Bank’®’ . The Company has approximately$5.5 billion’ in assets and 74 full service branch offices in’ Massachusetts,’ New York,’ Connecticut, and’ Vermont’ providing personal and business banking, insurance, and wealth management services.’ FORWARD LOOKING STATEMENTSThis document contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.’  There are several factors that could cause actual results to differ significantly from expectations described in the forward-looking statements.’ For a discussion of such factors, please see’ Berkshire’s’ most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SEC’s website at’ www.sec.gov(link is external).’ ‘ Berkshire’ does not undertake any obligation to update forward-looking statements.NON-GAAP FINANCIAL MEASURESThis document contains certain non-GAAP financial measures in addition to results presented in accordance with Generally Accepted Accounting Principles (“GAAP”).’  These non-GAAP measures provide supplemental perspectives on operating results, performance trends, and financial condition.’  They are not a substitute for GAAP measures; they should be read and used in conjunction with the Company’s GAAP financial information.’  A reconciliation of non-GAAP financial measures to GAAP measures is included in the accompanying financial tables.’  In all cases, it should be understood that non-GAAP per share measures do not depict amounts that accrue directly to the benefit of shareholders.’  The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including components for core revenue and expense.’  These measures exclude amounts which the Company views as unrelated to its normalized operations, including merger costs, restructuring costs, and systems conversion costs.’  Similarly, the efficiency ratio is also adjusted for these non-core items and for tax preference items.’  The Company also adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community.’  Non-GAAP expense adjustments are primarily related to charges related to merger and acquisition activity.’  These charges consist primarily of severance/benefit related expenses, contract termination costs, and professional fees.’  There are additionally non-GAAP adjustments related to non-recurring securities gains, discontinued operations, the disposition of excess properties, and core systems conversion costs.’  In the most recent period, non-core restructuring charges are related to severance costs as a result of management and staffing changes, along with facilities costs related to excess facilities where the bank is exiting its occupancy and investment.’  As discussed previously, non-core items recorded in the third quarter of 2013 also included the after-tax impact of the out-of-period accounting adjustment, along with an adjustment of variable compensation based on the additional revenue recognition.CONTACTSInvestor Relations ContactAllison O’Rourke; Vice President – Investor Relations; 413-236-3149Media ContactRay Smith, Assistant Vice President ‘ Marketing; 413-236-3756BERKSHIRE HILLS BANCORP, INC.CONSOLIDATED BALANCE SHEETS – UNAUDITED – (F-1)‘ ‘ ‘ September 30,June 30,December 31,‘ (In thousands)201320132012‘ Assets‘ ‘ ‘ ‘ Cash and due from banks$ ‘  ‘  ‘  ‘  ‘  ‘  ‘ 61,149$ ‘  ‘  ‘  ‘  ‘  ‘  ‘ 56,623$ ‘  ‘  ‘  ‘  ‘  ‘  ‘ 63,382‘ Short-term investments15,71023,48234,862‘ Total cash and short-term investments76,85980,10598,244‘ ‘ ‘ ‘ ‘ ‘ Trading security15,33015,56616,893‘ Securities available for sale, at fair value684,716568,268466,169‘ Securities held to maturity, at amortized cost46,92549,60451,024‘ Federal Home Loan Bank stock and other restricted securities42,34237,66739,785‘ Total securities789,313671,105573,871‘ ‘ ‘ ‘ ‘ ‘ Loans held for sale27,06464,10185,368‘ ‘ ‘ ‘ ‘ ‘ Residential mortgages1,313,6091,232,4881,324,251‘ Commercial mortgages1,366,1041,352,9131,413,544‘ Commercial business loans668,983643,924600,126‘ Consumer loans675,147641,350650,733‘ Total loans4,023,8433,870,6753,988,654‘ Less: Allowance for loan losses(33,248)(33,248)(33,208)‘ Net loans3,990,5953,837,4273,955,446‘ ‘ ‘ ‘ ‘ ‘ Premises and equipment, net83,13688,64486,461‘ Other real estate owned3,5612,7131,929‘ Goodwill’ 256,871256,118255,199‘ Other intangible assets15,03016,33719,059‘ Cash surrender value of bank-owned life insurance100,29989,59288,198‘ Deferred tax asset61,61760,41057,729‘ Other assets45,91157,57975,305‘ Total assets$ ‘  ‘  ‘  ‘  5,450,256$ ‘  ‘  ‘  ‘  5,224,131$ ‘  ‘  ‘  ‘  5,296,809‘ ‘ ‘ ‘ ‘ ‘ Liabilities and stockholders’ equity‘ ‘ ‘ ‘ Demand deposits$ ‘  ‘  ‘  ‘  ‘  ‘ 669,878$ ‘  ‘  ‘  ‘  ‘  ‘ 644,059$ ‘  ‘  ‘  ‘  ‘  ‘ 673,921‘ NOW deposits352,762356,695379,880‘ Money market deposits1,357,2011,295,7711,439,632‘ Savings deposits438,135444,586436,387‘ Total non-maturity deposits2,817,9762,741,1112,929,820‘ Time deposits1,064,0491,074,1121,170,589‘ Total deposits3,882,0253,815,2234,100,409‘ ‘ ‘ ‘ ‘ ‘ Senior borrowings740,022590,826358,471‘ Subordinated notes89,66389,64789,617‘ Total borrowings829,685680,473448,088‘ ‘ ‘ ‘ ‘ ‘ Other liabilities’ 65,35155,46581,047‘ Total liabilities4,777,0614,551,1614,629,544‘ ‘ ‘ ‘ ‘ ‘ Total stockholders’ equity673,195672,970667,265‘ ‘ ‘ ‘ ‘ ‘ Total liabilities and stockholders’ equity$ ‘  ‘  ‘  ‘  5,450,256$ ‘  ‘  ‘  ‘  5,224,131$ ‘  ‘  ‘  ‘  5,296,809‘ ‘ ‘ ‘ ‘ ‘ (1) Certain reclassifications have been made to prior year balances to conform to the current year presentation.‘ BERKSHIRE HILLS BANCORP, INC.CONSOLIDATED LOAN & DEPOSIT ANALYSIS – UNAUDITED – (F-2)‘ LOAN ANALYSIS‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Annualized growth %(Dollars in millions)‘ Sept. 30, 2013 Balance‘ June 30, 2013 Balance‘ Dec. 31, 2012 Balance‘ Quarter ended’  September 30, 2013Year to date‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Total residential mortgages‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  1,314‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  1,233‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  1,324‘ 26%(1)%‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Commercial mortgages:‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Construction‘ 105‘ 128‘ 168‘ (74)‘ (50)‘ Single and multi-family‘ 132‘ 129‘ 124‘ 9‘ 8‘ Commercial real estate‘ 1,129‘ 1,096‘ 1,122‘ 12‘ 1‘ Total commercial mortgages‘ 1,366‘ 1,353‘ 1,414‘ 4‘ (4)‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Total commercial business loans669‘ 644‘ 600‘ 16‘ 15‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Total commercial loans‘ 2,035‘ 1,997‘ 2,014‘ 8‘ 1‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Consumer loans:‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Home equity’ ‘ 304‘ 310‘ 325‘ (9)‘ (9)‘ Other‘ 371‘ 331‘ 326‘ 48‘ 18‘ Total consumer loans‘ 675‘ 641‘ 651‘ 21‘ 5‘ Total loans‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  4,024‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  3,871‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  3,989‘ 16%1%‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ DEPOSIT ANALYSIS‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Annualized growth %(Dollars in millions)‘ Sept. 30, 2013 Balance‘ June 30, 2013 Balance‘ Dec. 31, 2012 Balance‘ Quarter ended’  September 30, 2013Year to date‘ Demand‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  ‘  ‘ 670‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  ‘  ‘ 644‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  ‘  ‘ 674‘ 16%(1)%NOW‘ 353‘ 357‘ 380‘ (4)‘ (9)‘ Money market‘ 1,357‘ 1,296‘ 1,440‘ 19‘ (8)‘ Savings‘ 438‘ 444‘ 436‘ (5)‘ 1‘ Total non-maturity deposits‘ 2,818‘ 2,741‘ 2,930‘ 11‘ (5)‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Total time deposits‘ 1,064‘ 1,074‘ 1,170‘ (4)‘ (12)‘ Total deposits‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  3,882‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  3,815‘ $ ‘  ‘  ‘  ‘  ‘  ‘  ‘  4,100‘ 7%(7)%‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ (1)’  Quarterly data may not sum to annualized data due to rounding.‘ ‘ ‘ ‘ ‘ ‘ BERKSHIRE HILLS BANCORP, INC.CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED – (F-3)‘ ‘ ‘ ‘ ‘ ‘ Three Months Ended‘ Nine Months Ended‘ September 30,‘ September 30,(In thousands, except per share data)2013‘ 2012‘ 2013‘ 2012Interest and dividend income’ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Loans$ ‘  ‘  ‘  ‘ 50,025‘ $ ‘  ‘  ‘  ‘ 39,497‘ $ ‘  ‘  ‘ 142,549‘ $ ‘  ‘  ‘ 113,335Securities and other’ ‘ ‘ ‘ 4,479‘ 3,626‘ 12,533‘ 11,116Total interest and dividend income’ ‘ ‘ ‘ 54,504‘ 43,123‘ 155,082‘ 124,451Interest expense‘ ‘ ‘ ‘ ‘ ‘ ‘ Deposits5,278‘ 5,628‘ 15,693‘ 16,612Borrowings and subordinated debentures3,357‘ 2,270‘ 10,479‘ 6,416Total interest expense’ ‘ ‘ ‘ 8,635‘ 7,898‘ 26,172‘ 23,028Net interest income45,869‘ 35,225‘ 128,910‘ 101,423Non-interest income‘ ‘ ‘ ‘ ‘ ‘ ‘ Loan related fees1,308‘ 1,340‘ 6,669‘ 3,990Mortgage banking fees444‘ 4,306‘ 4,790‘ 6,553Deposit related fees4,559‘ 3,775‘ 13,623‘ 11,238Insurance commissions and fees’ ‘ ‘ ‘ 2,473‘ 2,742‘ 7,877‘ 8,256Wealth management fees’ ‘ ‘ ‘ 2,137‘ 1,774‘ 6,471‘ 5,431Total fee income’ ‘ ‘ ‘ 10,921‘ 13,937‘ 39,430‘ 35,468Other832‘ 375‘ 1,722‘ 885Gain on sale of securities, net’ ‘ ‘ ‘ 361‘ -‘ 1,366‘ 7Non-recurring gain-‘ 1‘ -‘ 43Total non-interest income’ ‘ ‘ ‘ ‘ ‘ 12,114‘ 14,313‘ 42,518‘ 36,403Total net revenue57,983‘ 49,538‘ 171,428‘ 137,826Provision for loan losses’ ‘ ‘ 3,178‘ 2,500‘ 8,278‘ 6,750Non-interest expense‘ ‘ ‘ ‘ ‘ ‘ ‘ Compensation and benefits18,506‘ 15,992‘ 54,398‘ 45,219Occupancy and equipment’ ‘ ‘ ‘ ‘ 5,614‘ 4,599‘ 17,119‘ 13,484Technology and communications3,304‘ 2,302‘ 9,775‘ 6,518Marketing and promotion’ ‘ ‘ ‘ ‘ 590‘ 419‘ 1,831‘ 1,548Professional services1,757‘ 1,327‘ 5,011‘ 4,185FDIC premiums and assessments856‘ 907‘ 2,574‘ 2,458Other real estate owned and foreclosures138‘ 42‘ 445‘ 215Amortization of intangible assets’ ‘ ‘ ‘ ‘ 1,307‘ 1,314‘ 4,029‘ 3,982Non-recurring and merger related expenses’ ‘ ‘ ‘ ‘ 6,516‘ 2,214‘ 12,355‘ 10,522Other4,196‘ 3,046‘ 12,665‘ 8,409Total non-interest expense’ ‘ ‘ ‘ ‘ 42,784‘ 32,162‘ 120,202‘ 96,540‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Income from continuing operations before income taxes’ ‘ ‘ ‘ ‘ ‘ ‘ 12,021‘ 14,876‘ 42,948‘ 34,536Income tax expense3,917‘ 4,847‘ 12,342‘ 10,040Net income from continuing operations8,104‘ 10,029‘ 30,606‘ 24,496Loss from discontinued operations before income taxes’ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘  (including gain on disposals of $63)-‘ -‘ -‘ (261)Income tax expense-‘ -‘ -‘ 376Net loss from discontinued operations-‘ -‘ -‘ (637)Net income’ $ ‘  ‘  ‘  ‘  ‘ 8,104‘ $ ‘  ‘  ‘  ‘ 10,029‘ $ ‘  ‘  ‘  ‘ 30,606‘ $ ‘  ‘  ‘  ‘ 23,859‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Basic earnings per share:‘ ‘ ‘ ‘ ‘ ‘ ‘ Continuing operations$ ‘  ‘  ‘  ‘  ‘  ‘ 0.33‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 0.46‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.23‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.14Discontinued operations-‘ -‘ -‘ (0.03)Total basic earnings per share$ ‘  ‘  ‘  ‘  ‘  ‘ 0.33‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 0.46‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.23‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.11‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Diluted earnings per share:‘ ‘ ‘ ‘ ‘ ‘ ‘ Continuing operations$ ‘  ‘  ‘  ‘  ‘  ‘ 0.33‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 0.46‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.22‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.13Discontinued operations-‘ -‘ -‘ (0.03)Total diluted earnings per share$ ‘  ‘  ‘  ‘  ‘  ‘ 0.33‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 0.46‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.22‘ $ ‘  ‘  ‘  ‘  ‘  ‘ 1.10‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Weighted average shares outstanding:’ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ Basic24,748‘ 21,921‘ 24,835‘ 21,541Diluted24,873‘ 22,031‘ 25,001‘ 21,635‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘ PITTSFIELD, Mass.,’ Oct. 28, 2013’ /PRNewswire/ –’ Berkshire Hills Bancorp, Inclast_img read more

48 academic institutions earn Bicycle Friendly University certification

first_img Related Each autumn/fall, as colleges and universities in the US welcome new students to their campuses, the League of American Bicyclists is evaluating applicants for its Bicycle Friendly University awards. The awards recognise the best campuses for people who bike offer well-connected infrastructure, bike maintenance and storage options, theft prevention programs, biking skills classes and social biking events, and the staffing to support better biking.208 colleges and universities currently hold the Bicycle Friendly University status certified by the League of American Bicyclists.The autumn/fall 2019 cohort in the Bicycle Friendly University program includes 16 universities and colleges earning the award for the first time, 12 that earned upgraded awards, and 20 renewing institutions, plus four earning honourable mentions.Among those upgrading are three universities certified as Platinum for the first time: the University of California Irvine, the University of California Santa Barbara, and the University of Wisconsin Madison.“Campuses are incubators of the next generation,” said Bill Nesper, Executive Director of the League of American Bicyclists. “To build safer streets, to encourage healthier communities, to empower more people to bike – colleges and universities can cultivate wider culture change by making biking a preferred option for people to get around campus.“Renewing Platinum-level Bicycle Friendly Universities like Stanford and Colorado State University are leading by example, from offering bike tours to prospective students to hosting free bike valets at football games.”As any candidate for higher education discovers, the ‘application process itself is a learning experience that guides decisions and produces self-reflection and evaluation.’ The League’s Bicycle Friendly University application sets achievement standards for colleges and universities to reach at the honourable mention, bronze, silver, gold, and platinum levels.Every four years, institutions must reapply to the program, hopefully upgrading their award by investing resources into making their campuses more welcoming to people who bike.“At universities earning our highest awards, we’re seeing a few trends in places that are having success creating environments where more people are choosing to bike,” said Amelia Neptune, Bicycle Friendly America Program Director with the League.She continued, “Bike ambassador programs are showing people that biking is a great option, campuses are offering bike education in multiple languages for incoming students and staff, and colleges are filling the gap in commuter benefits for bicycle commuters. These are best practices that any campus — or business or community — could consider implementing on the path towards becoming a Bicycle Friendly University.”The League of American Bicyclists notes that it is leading the movement to build a more Bicycle Friendly America for everyone, where everyone recognizes and enjoys the benefits of bicycling. Its Bicycle Friendly America program certifies communities, businesses and universities that are taking steps to be more accessible by people biking. The League has certified more than 475 communities and 1,400 businesses.www.bikeleague.org/universitylast_img read more

A big sloppy Valentine’s Day kiss for shawneemissionpost.com’s February sponsors

first_imgValentine’s Day is a time for sharing love. And there’s no getting around the fact that we love our sponsors. Not in a romantic way, of course. Rather a deep, platonic affection rooted in a respect for their commitment to the concept of “local.”We hope you’ll remember the following businesses next time you’re in the market for…anything they offer! And, let’s not forget our weekly Sponsored Columnists, ReTouch Design Build Renovate, The Taylor Made Team, Shawnee Mission Health and Zaarly.last_img read more

Benny James “Ben” Wattelet, 79

first_imgBenny James “Ben” Wattelet, 79, of Shawnee Mission, KS died at 5:55 pm Saturday, September 12, at Shawnee Mission Medical Center in Merriam, KS following a long and brave battle against Alzheimer’s disease.  He was born May 27, 1936 in Stonington, IL, the eldest son of Benny and Velma Campbell Wattelet.Throughout his life, Ben always thought of those less fortunate. He supported numerous charities, including St. Jude’s Children’s Research Hospital, The Alzheimer’s Association, The Salvation Army and The Mayo Clinic, following their care of his beloved wife, Dorothy.  He loved fishing with his father, meals with his mother, evenings with his wife, driving around and talking with his son, and “closing a restaurant down” with his daughters. A lifelong supporter of the arts, Ben played the clarinet as a teen and enjoyed classical music his whole life. He always ensured his family was exposed to theatrical and musical performances.An inspiring example of hard work, from newspaper boy to dishwasher at The Blue Mill to beloved member of the Taylor Pharmaceuticals leadership team, he never forgot the value of spending time with and caring for family. On August 27, 1971 he married the love of his life, Dorothy Burnett, in Decatur, IL. Together, they were members of the People’s Church of God in Decatur, IL; Clark’s River Baptist Church in Symsonia, KY; and Joy Assembly Church in Stonington, IL.Ben was a proud alumnus of Millikin University and avid follower of the stock market. His favorite movie was “A Christmas Story,” not only because of his childhood similarities to “Ralphie,” but because he also went on to see himself in “The Old Man.” He had a laugh and smile that people remembered, even in his final days.  His genuine, lovable spirit was infectious, even to “granddog” Leo, who would shake with excitement whenever he saw him.We were blessed to learn many memorable lessons from Ben during his 79 years, including: Step lively. Don’t let anyone know you love animals (but secretly shower them with affection when no one is looking). Give to every charity that asks. Don’t quit a job until you already have another one.  When playing restaurant with your kids, skip the plastic peas and order a Manhattan. Be adventurous with food but never eat at a buffet. Stay up for Carson. Dress to impress. Save everything, and file it well.  And take on life’s challenges with grace and dignity.Ben’s spirit is carried on by his brother David Wattelet of Clinton, MO; son Kris Wattelet and wife Kathleen of Minneapolis, MN; daughters Maureen Wattelet of San Diego, CA and Andrea Weinfurt of Kansas City, MO; and sister-in-law Eloise (Charles) Crowell. He is also survived by three granddaughters:  Jessica (Justin) Evans, Jolene Wattelet and Gabrielle (Jesse) Snyder, and two great-grandchildren:  Toby and Savannah Evans. His parents, youngest brother Ronald, and wife Dorothy preceded him in death.last_img read more