February 6, 2018
Plimoth Investment Advisors - Keeping Recent Stock Market Declines in Perspective
Special Update: Keeping Recent Stock Market Declines in Perspective
Large declines like the market experienced yesterday, with the Dow dropping 1,600 points and closing the trading day off 1,175 points, can be attention grabbing given that markets have risen for two years without a substantial pullback. The decline may have caught some investors off guard, with no help from sensational headlines in the financial press. Keep in mind that the large point drop was a less than 5% decline, an occurrence that has taken place numerous times throughout history and is no reason for alarm. As noted in our recent quarterly letter, economic fundamentals and corporate earnings are the strongest they’ve been thus far in the nine years since the recession, creating a positive backdrop for long-term investors.
Click here to read the full update and learn more about Plimoth Investment Advisors
January 24, 2018
BayCoast Interactive Teller Machines Now Accepting City of New Bedford Tax Payments
NEW BEDFORD, and SWANSEA, MA – BayCoast Bank (http://baycoastbank.com) Effective immediately, New Bedford residents can now utilize two BayCoast Bank Interactive Teller Machine (ITM) locations for certain payments.
Residents who are unable to come to City Hall during regular business hours (Monday through Friday, 8 a.m. to 4 p.m.) can take advantage of this option to make payments at BayCoast’s ITM locations at 23 Elm Street in New Bedford, 714 Dartmouth Street in Dartmouth, or at any of its other ITM locations in Fall River, Seekonk, Attleboro, and Little Compton, RI.
The ITMs accept cash or checks; the ITMs combine the convenience of a traditional ATM with the personal service of banking for customers, allowing the customer to see and talk to a real person through a video monitor.
“We’re happy to help make tax payments easier for New Bedford residents, by accepting payments at our Interactive Teller Machines,” said Ann Ramos-Desrosiers, Chief Community Banking Officer at BayCoast. “Now residents can make their payments as early as 7 a.m. and as late as 7 p.m. on weekdays, and on Saturdays between 8 a.m. and 2 p.m. at our Elm Street branch – or any of our ITMs throughout the Southcoast.”
“BayCoast Bank has served as an alternate payment center for the residents of the City of New Bedford for many years,” said Renee Fernandes, Treasurer-Collector for the City. “The ability to utilize the new ITM technology for City payments, especially when city offices are closed, provides our customers with greater flexibility.”
January 18, 2018
BayCoast Bank’s “Get on the Bus” Campaign Takes 7th Grade Fall River Students to UMass-Dartmouth to Experience a Taste of College Life
Fall River Superintendent of Schools Matt Malone (kneeling) with BayCoast Bank President and CEO Nicholas Christ (ninth from left) and students and members of the school department staff.
FALL RIVER, and DARTMOUTH, MA – BayCoast Bank (http://baycoastbank.com) Earlier this academic year, all 7th grade students in the Fall River Public School system visited the University of Massachusetts – Dartmouth to enjoy a sense of what college is about, as part of BayCoast Bank’s “Get on the Bus” campaign.
Organized and funded through a collaboration between BayCoast Bank, the University of Massachusetts, Fall River Public Schools and the EdUp Committee of the Bristol County Chamber of Commerce, the “Get on the Bus” program is designed to provide 7th graders a chance to experience a sense of college and to receive the message that college can be anyone’s reality.
College students served as hosts during the program, providing tours of the campus and dormitories.
During the final tour, UMass-Dartmouth Chancellor Dr. Robert E. Johnson and Matt Malone, Superintendent of Fall River Public Schools, addressed students in the campus auditorium, underscoring the significance of a college education and the avenues students can travel to achieve their goals. Rob Mellion, President of the Bristol County Chamber of Commerce, was also in attendance.
The project was greatly assisted by Amaral Bus Company, which offered significantly reduced rates to transport the students to and from the university.
“BayCoast Bank is proud to anchor this outstanding project,” said Nicholas Christ, President and CEO of BayCoast Bank, noting that feedback from students participating in the “Get on the Bus” program has been positive. “It’s important that these young students recognize that college is not out of reach for anyone – we’re delighted to help deliver this message!”
January 15, 2018
BayCoast Bank to Open Little Compton Branch on January 16th
LITTLE COMPTON, RI AND SWANSEA, MA -- BayCoast Bank (http://baycoastbank.com) is pleased to announce the January 16th opening of its Little Compton branch.
Located at 2 Meetinghouse Lane, the branch is BayCoast Bank’s eighteenth location serving the South Coast region.
Andrea Pereira will serve as Branch Manager and Margaret “Peggy” Gill will serve as Assistant Branch Manager and they both look forward to working within the Little Compton community.
The new branch will offer a walk-up ITM (Interactive Teller Machines)/ATM, which combines the convenience of an ATM with the personal service of a branch. ITMs allow customers to see and speak with a bank employee remotely through a video monitor during expanded hours and work as an ATM when the ITM staff is not available. Withdrawals, deposits, loan payments, transfers between accounts and cash exchanges are some of the features offered at a BayCoast ITM, all with the convenience of talking with a teller. ITM services are available Monday through Friday 7am to 7pm and Saturday 8am to 2pm.
“We’re excited to announce the opening of our Little Compton branch and delighted that Andrea and Peggy will take a lead in servicing our Little Compton customers,” said Nicholas Christ, President and CEO of BayCoast Bank. “Expanding our presence into the Little Compton area has been a priority for BayCoast Bank; we look forward to a long relationship in this outstanding community.”
January 15, 2018
BayCoast Bank Opens Attleboro Commercial Loan Office on Washington Street
ATTLEBORO AND SWANSEA, MA -- BayCoast Bank (http://baycoastbank.com) today announced the opening of its Attleboro Commercial Loan Office, at 228 Washington Street, Suite B220.
The office is overseen by designated Commercial Loan Officers Paul Leveillee and Matthew Flanagan, who are presently accepting appointments.
Mr. Leveillee, a Senior Vice President, works with business owners and commercial real estate investors and looks forward to providing clients with comprehensive lending and banking solutions. Mr. Flanagan, a Vice President, is pleased to bring his expertise in developing new commercial loan and deposit business to the Attleboro region.
Conveniently located on Route 1, the Attleboro Commercial Loan Office offers walk-up ITMs (Interactive Teller Machines)/ATMs, which combine the convenience of an ATM with the personal service of a branch. ITMs allow customers to see and speak with a bank employee remotely through a video monitor during expanded hours and work as an ATM when the ITM Staff is not available. Withdrawals, deposits, loan payments, transfers between accounts and cash exchanges are some of the features offered at a BayCoast ITM, all with the convenience of talking with a teller. ITM services are available Monday through Friday 7am to 7pm and Saturday 8am to 2pm.
“We are excited to announce the opening of our new Attleboro Commercial Loan Office, led by Paul Leveillee and Matt Flanagan,” said Nicholas Christ, President and CEO of BayCoast Bank. “We look forward to serving the Attleboro community further with this important, and now more easily accessible, professional guidance.”
September 7, 2017
BayCoast Bank grants $130,000 to Argosy Collegiate’s “Building the Bridge to College” Capital Campaign
SWANSEA, MA -- BayCoast Bank (http://baycoastbank.com) today announced that the bank has made a leadership grant in the amount of $130,000 in support of Argosy Collegiate’s Building the Bridge to College Capital Campaign.
The Bank’s initial contribution of $80,000 is being used to construct a state-of-the-art STEM Lab in the new Argosy Collegiate High School, with the remaining $50,000 donation to be directed to the construction of a gymnasium.
Argosy Collegiate’s mission is to prepare scholars with the academic foundation and character skills necessary for success in college, career, and life. The tuition-free public charter school was established for Fall River students and opened its middle school in 2014. Following three successful years, the nonprofit school is preparing to open a college preparatory high school to ensure a seamless transition for its advancing middle school students. Argosy Collegiate is conducting a $2.3 million capital campaign to fund the BayCoast Bank STEM Lab as well as a Robotics Lab and Culinary Arts lab, and a new gymnasium for the high school.
Argosy Collegiate High School will deliver a structured college preparatory academic program and a pioneering four-year dual enrollment program with Bristol Community College that will provide one full year of college credits upon graduation.
“We are honored to receive this leadership grant from BayCoast Bank,” stated Kristen Pavao, Founder and Executive Director of Argosy Collegiate. “Year after year hundreds of scholars will benefit from the BayCoast Bank STEM Lab, a state-of-the-art learning facility that will help prepare them for academic success.”
“The impact that Argosy Collegiate has had within the Fall River community is outstanding,” said Nicholas Christ, President and CEO of BayCoast Bank. “The school is creating amazing opportunities for its students, and we are proud to contribute to these efforts through its Building the Bridge to College campaign.”
About Argosy Collegiate
Argosy Collegiate Charter School is a Fall River nonprofit public school serving 300 thriving middle school scholars in grades 6-8. 100 high school scholars are enrolled in our inaugural high school program, which will expand by one grade each year until it enrolls 350 scholars in 2021. Our mission is to prepare scholars with the academic foundation and character skills necessary for success in college, career, and life. Argosy Collegiate believes all scholars, with hard work and support, can excel academically, prepare for, and graduate from college. The $2.3 million campaign to build the new Argosy Collegiate High School will provide scholars with seven new technology-based classrooms to include a STEM Lab, Robotics Lab, Culinary Arts Lab, and Creative Arts Lab. For more information, please visit www.argosycollegiate.org.