Category: Personal Financial Services


The PrivateBank Announces $10 Million in Financing for Rehab, Purchase of …

July 30, 2014

Personal Financial Services

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The PrivateBank will also provide funding to administer the program, and will work with the CCLBA and nonprofit organizations to identify prospective buyers and provide required home buyer counseling. Under the program, rehab services will be provided by pre-qualified contractors, with an emphasis on supporting small businesses in the communities where the properties are located. Eligible properties are those owned by the CCLBA, which acquires the parcels through purchase or donation.

The PrivateBank will provide construction financing for the rehabilitation work, which will have the homes move-in ready upon completion. Additionally, borrowers will be eligible to apply for a SMART Affordable Mortgage from The PrivateBank for the home purchase. The SMART Affordable Mortgage offers low down-payment options, does not require Private Mortgage Insurance (PMI) and has attractive rates.

As the economic recovery has been slow to reach some of the areas with the most need and many of our neighborhoods continue to recover, The PrivateBank is proud to make this $10 million, multi-year commitment to support efforts that will create sustainable housing in our communities, said

Larry D. Richman, President and Chief Executive Officer, The PrivateBank. By providing responsible financing options, educational opportunities and community support, we have made an important commitment that will help improve the pace of the recovery with a particular emphasis on affordable housing and small business development. Vibrant neighborhoods contribute to economic sustainability through job growth and education. And strong neighborhoods make for a stronger Cook County for all of us.

To support its commitment to creating stronger neighborhoods, The PrivateBank has:

  • Provided over $1.5 billion toward community development lending since 2010. This financing supports affordable housing, community services, economic development and revitalization in the communities we serve.
  • Committed $1 million in grants in 2014 to strengthen low- and moderate-income communities, including $250,000 to support affordable housing efforts in Chicago, Detroit and St. Louis.
  • Created its Entrepreneurial Loan Fund, which provides up to $10,000 in financing to start-ups and up to $25,000 in financing to established small businesses participating in select entrepreneurial training programs in Chicago and St. Louis.
  • Created a $500,000 program that provides qualified borrowers with closing cost assistance, down payment assistance and other attractive terms.
  • Conducted homebuyer seminars in partnership with nonprofits in several communities to educate prospective homebuyers on the requirements of responsible home ownership.
  • Recorded over 45,000 volunteer service hours since 2007 in areas such as financial literacy and tax preparation as well as providing specific expertise to organizations devoted to underserved communities.

About The PrivateBank

PrivateBancorp, Inc., through its subsidiaries, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. As of June 30, 2014, the Company had 33 offices in 10 states and $14.6 billion in assets. Our website is www.theprivatebank.com.

Logo – http://photos.prnewswire.com/prnh/20140717/128451

SOURCE The PrivateBank


Aust Unity bids for Premium Wealth Management

July 30, 2014

Personal Financial Services

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Financial planning dealer group, Premium Wealth Management has confirmed that its shareholders are considering a bid from financial services group, Australian Unity.

The companies announced they had executed a non-binding indicative offer under which Australian Unity Personal Financial Services would acquire all the shares in Premium Wealth Management.

Money Management understands that the approach from Australian Unity has been under consideration by Premium Wealth Management for a number of weeks.

Money Management understands that Australian Unity has been looking to sustain growth in its wealth management business on the back of the positive contribution reported in the companys half-year result, lodged with the Australian Securities Exchange in February.

Premium Wealth Management describes itself as being wholly-owned by its members.

Commenting on the potential acquisition, Australian Unity Personal Financial Services chief executive, Steve Davis said the addition of Premium would increase Australian Unitys financial advice capability and its exposure in the accountants space.

Premium Wealth Management chairman and founder, Simon Wu, said his board was attracted to Australian Unity for many reasons, including their long term involvement in the accountants market and that they clearly see the value of Premium and recognise the quality of their practices.


Alert: EZCORP Confirms Fiscal 2014 Third Quarter Earnings Release and …

July 27, 2014

Personal Financial Services

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Alert: EZCORP Confirms Fiscal 2014 Third Quarter Earnings Release and Conference Call

July 24, 2014: 09:00 AM ET

AUSTIN, Texas, July 24, 2014 (GLOBE NEWSWIRE) — EZCORP confirmed today that it will release 2014 fiscal third quarter financial results on Tuesday, July 29, 2014 after the market closes.

In conjunction with the release, EZCORP has scheduled a conference call which will be broadcasted live over the internet that same day at 4:00 p.m. central time.

WHAT: EZCORP’s Q3 fiscal 2014 earnings conference call webcast

WHEN: Tuesday, July 29, 2014 at 4:00 p.m. CT

WHERE: http://www.media-server.com/m/p/8csz3vhe or http://investors.ezcorp.com/index.php

For those who cannot listen to the live call, an archive of the webcast will be available shortly after the call on the company’s website at http://investors.ezcorp.com/.

EZCORP, Inc. is a leader in delivering easy cash solutions to our customers across channels, products, services and markets. With approximately 7,500 team members and approximately 1,400 locations and branches, we give our customers multiple ways to access instant cash, including pawn loans and consumer loans in the United States, Mexico, Canada and the United Kingdom. We offer these products through four primary channels: in-store, online, at the worksite and through our mobile platform. At our pawn and buy/sell stores and online, we also sell merchandise, primarily collateral forfeited from pawn lending operations and used merchandise purchased from customers.

EZCORP owns controlling interests in Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. (doing business under the names “Crediamigo” and “Adex”), a leading provider of payroll deduction loans in Mexico; and in Renueva Commercial, S.A.P.I. de C.V., an operator of buy/sell stores in Mexico under the name “TUYO.” The company also has a significant investment in Cash Converters International Limited (CCV.ASX), which franchises and operates a worldwide network of over 700 stores that provide personal financial services and sell pre-owned merchandise.

CONTACT: Mark Trinske
EZCORP Investor Relations
(512) 314-2220

 


Malaysian consumers practise prudence in festive spending, reveals UOB survey

July 26, 2014

Personal Financial Services

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KUCHING: United Overseas Bank Bhd (UOB Malaysia) finds that many Malaysian consumers practice prudence in managing their festive spending due to the rising prices of consumer goods.

According to a press release, three out of 10 respondents in a survey said that they have less excess income every month after paying off their monthly bills and meeting other financial obligations.

Annie Tan, managing director and country head of personal financial services, UOB Malaysia said that as a result of rising costs, consumers are very conscious about spending for festive celebrations.

“Consumers are now taking proactive measures to prepare themselves financially and time their purchases to get the best deals during festive promotions.

“This is done so that they are able to derive greater value from each Ringgit spent, so as to manage their budgets better,” said Tan.

The survey respondents said that saving ahead of time is essential for managing festive season spending. Two-thirds of the survey respondents stated that they had been saving for the past 12 months.

While they may be saving ahead, they are also inclined to wait for festive promotions before they spend.

Ninety per cent of the respondents said that promotions and discounts are important for stretching festive season budgets.

During this time, they are drawn by attractive deals and the availability of a wider variety of goods.

To cater to the need for wise spending this festive season, UOB Malaysia has introduced a 20 per cent discount for online shopping with www.zalora.com.my for consumers looking to add to their wardrobe.

To keep in touch with loved ones during this festive season, the bank is also offering a one-month waiver on a 12-month flexible payment scheme for smart phone purchases for its credit cardholders.


Regulator plans new rules to shield investors

July 25, 2014

Personal Financial Services

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[SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday proposed a set of regulations to boost investor protection, with new rules for investments linked to land banks, gold and other physical assets – following several scams that have left retail investors high and dry.

Its latest move, laid out in a consultation paper, means investment schemes linked to land-banking and other physical assets such as most precious metals, will no longer be made available to retail investors.

MAS also wants all retail investment products to be rated on their complexity and risk – a decision that David Gerald, president of the Securities Investors Association (Singapore), said would provide needed guidance for retail investors. Its better late than never, he added.

The central bank plans to tweak its definition of collectively managed investment schemes (CIS) to include schemes that involve pooled profits and remove investors from the daily control of the investments. This will apply to land-banking, which would then be classified as a CIS.

All CIS must meet standards set out in the CIS Code, which ensures that the assets involved are liquid. Since land cannot be deemed liquid, unlike securities, it would no longer be offered to retail investors.

The move comes amid rising concerns over land-banking investments. Last month, two of three directors of land-banking firm Profitable Plots were jailed for conspiring to cheat investors in a bond scam that came with claims of a 12.5 per cent yield in returns within six months.

The regulator plans to make an exception for investment schemes linked to gold, silver and platinum, by creating specific rules for such products for retail participation. The MAS had earlier done so for real estate investment trusts (Reits) to allow investors to invest in income-generating properties.

The exception comes as these precious metals are regarded as comparable to financial assets in liquidity and tradability terms.

Also, buyback arrangements involving gold, silver or platinum will be regulated by MAS as debentures, and must meet prospectus disclosure requirements. MAS sees close similarities between these buybacks and collateralised debt obligations.

While it does not seek to judge the merits of investment schemes, MAS said that consumers should enjoy the regulatory safeguards for products that are similar to existing capital markets products. BT understands these products have fallen out of MASs regulatory scope due to their unique structures.

As one industry source put it, if it looks and smells like a capital market product, it is a capital market product.

Indeed, investigations are still ongoing at certain gold trading companies, where there have been fears of fraud. In these gold buyback schemes, investors buy gold at a premium to the market price, and receive monthly payouts. The firms then pledge to re-purchase the gold a few months later at an even higher premium.

The MAS has also proposed that all investment products sold to retail investors should be rated based on the complexity of the products structure, and the risk of loss of the principal invested. This is meant to raise the level of disclosures. BT understands that banks issuing such products can include a few lines of explanation to guide investors on the rating, but these are meant to be short and easy to understand.

The proposed measures will help to strengthen Singapores reputation as a global wealth management hub. We welcome these measures as they will help investors make more informed decisions, said Dennis Khoo, managing director and head of personal financial services at United Overseas Bank (UOB).

OCBC Bank has a product suitability committee that assesses the suitability of investment products for retail investors, said Lee Ee Ling, head of risk amp; prevention, consumer financial services, at the bank.

In another shift, the MAS has proposed to allow all non-institutional investors to opt for accredited investor status.

Currently, accredited investors are automatically categorised as such, based on their income or wealth. The change allows flexibility for investors to decide on the level of regulatory protection they want to be entitled to.

This comes as the income or wealth threshold – at S$2 million net personal assets or S$300,000 annual income – used to define an accredited investor, is seen as too blunt a tool. An investor who gets a sudden windfall may not be savvy with his money just yet. Sophistication doesnt change overnight, said the source.

If the industry feedback is positive, implementation of these proposals should take about a year, said an MAS spokeswoman.


EZCORP Announces Appointment of CFO Mark Kuchenrither as Interim CEO …

July 24, 2014

Personal Financial Services

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AUSTIN, Texas, July 21, 2014 /PRNewswire/ –EZCORP, Inc. (NASDAQ: EZPW), a leading provider of easy cash solutions for consumers, today announced that effective immediately, Mark Kuchenrither, Chief Financial Officer of EZCORP, has been appointed interim Chief Executive Officer and President by MS Pawn Limited Partnership, which is the Voting Shareholder and the beneficial owner of 100% of EZCORPs outstanding Class B Voting Common Stock. Mr. Kuchenrither will remain Chief Financial Officer.

Lachlan P. Given, Chairman of the EZCORP Board of Directors, said, We are fortunate to have someone with Marks extensive operational, financial and leadership experience ready to assume the role of interim CEO at this important juncture for the Company. Mark recently took on leadership of EZCORPs Financial Services business and he is the right person to lead EZCORP while we search for a permanent replacement to fill the CEO role.

Mark Kuchenrither said, We have many opportunities ahead and I look forward to engaging with the Companys customers, employees, shareholders and other stakeholders in the coming weeks. Most importantly, I am confident in our teams ability to execute and provide our customers with the great service that they have come to expect from us.

The Company also today announced that Charles A. Bauer, who joined the EZCORP Board of Directors in May, has resigned.

EZCORP is carefully reviewing a number of highly qualified candidates to add to its current Board of Directors, including qualified independents to serve on its Audit Committee.

About Mark Kuchenrither

Mr. Kuchenrither joined EZCORP as Senior Vice President, Strategic Development in March 2010. In May 2012, Mark was promoted to Executive Vice President and in October of the same year, he assumed the additional role of Chief Financial Officer. He recently assumed operational responsibility for EZCORPs Financial Services business.

Prior to joining EZCORP, Mark served as Vice President of Operations for private equity firm Sun Capital Partners where he was responsible for overseeing 10 portfolio companies with an emphasis on profit improvement. Mark has also held executive leadership positions at Arch Aluminum amp; Glass Co. and Peavey Electronics Corporation.

Mark earned his MBA from Quincy University and received bachelors degrees from Franklin University and The Ohio State University.

About EZCORP

EZCORP, Inc. is a leader in delivering easy cash solutions to its customers across channels, products, services and markets. With approximately 7,500 team members and approximately 1,400 locations and branches, EZCORP provides its customers multiple ways to access instant cash, including pawn loans and consumer loans in the United States, Mexico, Canada and the United Kingdom. The Company offers these products through four primary channels: in-store, online, at the worksite and through mobile platforms. At its pawn and buy/sell stores and online, EZCORP also sells merchandise, primarily collateral forfeited from pawn lending operations and used merchandise purchased from customers.

EZCORP owns controlling interests in Prestaciones Finmart, SAPI de CV, SOFOM, ENR. (doing business under the names Crediamigo and Adex), a leading provider of payroll deduction loans in Mexico; and in Renueva Commercial, SAPI de CV, an operator of buy/sell stores in Mexico under the name TUYO. The Company also has a significant investment in Cash Converters, which franchises and operates a worldwide network of over 700 stores that provide personal financial services and sell pre-owned merchandise.

For the latest information on EZCORP, please visit the Companys website at: http://investors.ezcorp.com/.

Forward-Looking Statements

This announcement contains certain forward-looking statements regarding the Companys expected operating and financial performance for future periods. These statements are based on the Companys current expectations. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of uncertainties and other factors, including fluctuations in gold prices or the desire of EZCORPs customers to pawn or sell their gold items, changes in the regulatory environment, changing market conditions in the overall economy and the industry, and consumer demand for the Companys services and merchandise. For a discussion of these and other factors affecting the Companys business and prospects, see the Companys annual, quarterly and other reports filed with the Securities and Exchange Commission.

Contact:
Mark Trinske
Vice President, Investor Relations and Communications
EZCORP, Inc.
(512) 314-2220
Investor_Relations@ezcorp.com
http://investors.ezcorp.com/

Joele Frank / Tim Lynch / Joe Snodgrass
Joele Frank, Wilkinson Brimmer Katcher
(212) 355 4449

SOURCE EZCORP, Inc.

RELATED LINKS
http://investors.ezcorp.com


In Nebraska, First National Bank of Omaha Proves Bigger is Better

July 23, 2014

Personal Financial Services

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Ranked No. 6 on GOBankingRates list of the top 10 states for affordable banking, Nebraska has a lot to offer its residents, including higher average interest rates and lower fees. But with so many financial institutions to choose from, it can be hard to narrow down which Nebraska bank is the right one.

Its possible that what Nebraska residents want most in a financial institution is offered by a big bank. Despite the negative stereotype, big banks stock is rising; a recent Nielsen poll found that public approval of big banks has doubled in the last two years. GOBankingRates investigated the biggest bank headquartered in every state and the District of Columbia to see what kind of positive impacts big banks are having on their states.

In Nebraska, First National Bank of Omaha provides jobs, accessibility and more throughout its many in-state branches.

gt;gt;Click here to read the entire study.

The Biggest Bank in Nebraska: First National Bank of Omaha

The data for Nebraska includes:

  • Employees: 2,145
  • Taxes paid annually: $2.65 million
  • National ATMs: 300
  • In-state branches: 60
  • United States branches: 104
  • Areas served: Nebraska, with other service areas in Colorado, Illinois, Iowa, Kansas, South Dakota and Texas
  • Hours of operation: Monday through Friday from 9 am to 6 pm, and some locations hold Saturday hours from 10 am to 1 pm
  • Banking technology: Online banking and mobile banking app

First National Bank of Omaha serves not just Nebraska, but also Colorado, Iowa, Illinois, Kansas, South Dakota and Texas. With 60 branches and 174 ATM locations nationwide, First National Bank of Omahas slogan, One with you, is all the more accurate. Additionally, the bank offers a wide selection of personal financial services, including a health savings plans, educational savings, wealth management services, checking and savings accounts, money market accounts, IRAs, and home equity loans. First National Bank of Omaha is also on the cutting edge of banking technology with its mobile banking and online banking and investing services.

Whats not to love about a big bank with a big heart? First in the community, the bank has given back to many local and national charities and organizations, including the American Heart Association, Make-A-Wish Foundation and Salvation Army

“At First National, we have a nearly 160-year history of doing what’s right for our customers, employees and the communities we serve.  This includes significant community outreach, charitable giving, and sponsorships of major university and community programs and events throughout more than 100 locations within a seven-state region.  A key part of our community support efforts is the personal involvement in these activities by many of our nearly 5,000 employees, said Kevin C. Langin, director of public relations and communications.

About This Study

GOBankingRates determined the size of banks in the study based on consolidated asset size. Once determined, GOBankingRates collected information on the number of nationwide employees; hours of operation; state, national and international branches; number of ATMs available; banking technology; charitable involvement; taxes paid; and services offered for each institution.

Photo Credit: JonClee86


Wyoming’s Biggest Bank, Pinnacle Bank of Wyoming, Gives Back Locally

July 22, 2014

Personal Financial Services

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Picking the right bank for your financial needs can be tricky, especially when there are so many banking institutions to choose from. For some individuals, the bigger the bank the better. Thats why GOBankingRates researched the biggest bank in every state and the District of Columbia, surveying them on their positive impacts on local communities and the many benefits they provide customers.

While there are several banks to choose from in Wyoming, Pinnacle Bank Wyoming is the largest headquartered in the state, based on Federal Reserve data of total consolidated assets.

gt;gt;Click here to see the complete findings.

The Biggest Bank in Wyoming

  • Employees: 137
  • National ATMs: 15
  • In-state branches: 14
  • United States branches: 15
  • International branches: 0
  • Areas served: Eight US states
  • Hours of operation: Monday through Friday from 8 am to 5 pm
  • Banking technology: Online banking and mobile banking app
  • Charitable giving: Pinnacle Bank Wyoming employees volunteer over 5,000 hours annually in their local communities.
  • Services offered: Checking and savings accounts, debit cards, credit cards, auto loans, home equity loans and lines of credit, mortgages, CDs, HSAs, and IRAs

Pinnacle Bank Wyoming boasts 132 branches throughout Wyoming, Colorado, Nebraska, Texas, Kansas, New Mexico, Missouri and Iowa. The institution offers a wide variety of personal financial services, including:

  • Checking and savings accounts
  • Credit and debit cards
  • Auto loans
  • Home equity loans
  • HSAs
  • IRAs

Pinnacle Bank Wyoming also provides online banking with several useful financial tools, including educational videos, articles and calculators. Customers also benefit from long branch hours, from 8 am to 5 pm Monday through Friday.

The bank also places a huge focus on community, as its employees volunteer over 5,000 hours annually.

As a community bank, there’s one simple philosophy that has guided us throughout our 70 plus years in the business: ‘Hire good people, to run good banks, in good towns.’ Even today, each market has its own president and team to manage their community bank. This autonomy gives each market a bank that’s responsive to the needs of the community. A focus on what the community wants. Not on what we want to give them. That’s our heritage. That’s our path to the future. And that’s the way banking should be, said a representative from Pinnacle Bank Wyoming.

About This Study

GOBankingRates determined the size of banks in the study based on consolidated asset size. Once determined, GOBankingRates collected information on the number of nationwide employees; hours of operation; state, national and international branches; number of ATMs available; banking technology; charitable involvement; taxes paid; and services offered for each institution.

Photo credit: ljguitar


The PrivateBank Names Joe Nevins Senior Mortgage Banker

July 21, 2014

Personal Financial Services

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CHICAGO, July 9, 2014 The PrivateBank today announced that Joe Nevins has been named Senior Mortgage Banker within the Community Banking Group and will serve the St. Louis area. Nevins joins The PrivateBank after serving 12 years as an independent mortgage broker and has extensive experience in the industry.

About The PrivateBank

The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of March 31, 2014, the company had 33 offices in 10 states and $14.3 billion in assets.

Media Contact:Amy Yuhn, 312-564-1378, ayuhn@theprivatebank.com


Movers & Shakers — People and Positions for July, Part II

July 21, 2014

Personal Financial Services

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Legacy Healthcare Expands Team

Legacy Healthcare, which owns and operates 17 skilled nursing centers in Illinois, has hired Kristin Scott as regional director of business development and Erik Iverson as director of business development for Warren Barr North Shore.  

Scott brings to the position experience in physician relations and business development, most recently working with Lexington Health Network. 

Iverson will be responsible for coordinating patient transitions from hospital to post-acute rehabilitation care at Warren Barr, acting as the main liaison between the medical community and the facility. Most recently, Iverson worked with Lexington Healthcare, spending a significant portion of his career in the post-hospital nursing and rehab health care segment. 

Ecumen Names Directors to Head Alzheimerâ??s Care Program

Ecumen, a nonprofit provider of senior housing and aging services, has named Maria Reyes and Janelle Meyers as directors for the Ecumen Awakenings program, which emphasizes managing dementia without sedating drugs. 

Reyes, a registered nurse who worked in the development of the program, has been promoted to Awakenings project director, in charge of clinical quality and training as Awakenings expands from nursing homes to assisted living sites and home care. Reyes has previously served as a director of nursing at Ecumen. 

Meyers, the housing manager at Ecumen Prairie Lodge in Brooklyn Park, Minn., has been promoted to the new position of Ecumen Programming Director. Meyers will be responsible for handling the business side of Awakenings and other company initiatives. 

FortàGroup Names Account Executive

Fortà Group, Inc., a marketing, digital and public relations agency serving the senior living industry, has appointed Madison Edgar as account executive. 

Edgar will be responsible for handling media relations for several Fortà clients and will manage the companyâ??s social media accounts. 

Previously, Edgar served as the public relations coordinator for KMFA Classical 89.5, a nonprofit classical radio station in Central Texas. She also previously worked for National Instruments, The University of Texas at Austin, a boutique public relations agency in Austin, Texas, and as a freelance social media consultant. 

First Midwest Bank Hires New Health Care Lender

First Midwest Bank announced that Kimberly A. McMahon has joined the bank as a senior vice president in its health care lending group. First Midwestâ??s health care group focuses on lending to owners and operators of all levels of senior living facilities, as well as hospitals, home health care agencies and more. 

McMahon will be responsible for expanding First Midwestâ??s acute care and nonprofit senior living business. 

Prior to joining First Midwest, she held senior level health care lending positions at PNC and RBS Charter Bank. She brings to the position 25 years of banking and personal financial services experience. 

Blueprint Healthcare Announces Vice Presidents

Blueprint Healthcare Real Estate Advisors, a boutique advisory firm specializing in senior housing and health care real estate, announced it has promoted Michael Segal and Ryan Chase to vice president. 

Segal will be responsible for overseeing the firmâ??s entire marketing process and escrow management operations. He has played a part in Blueprintâ??s $250 million in senior housing transaction volume year-to-date in 2014. 

Chase will serve as chief underwriter for the firmâ??s analysis of senior housing and health care-related real estate assets. Chase will also be responsible for implementing Blueprintâ??s technology resources and systems integration. 

Prior to their promotion, both Segal and Chase held positions at a national commercial real estate brokerage firm in the senior housing division. 

The Congress Companies Announces New Director of Business Development

The Congress Companies, a construction management and development company specializing in senior living, health care and multi-family market sectors throughout New England, has announced Bobbi Ciarfella as director of business development. 

She brings more than 25 years of experience in the sales and marketing of construction management, architecture and environmental engineering services as a business development professional. 

A Massachusetts real estate broker, Ciarfella served as sales director at The Green Company, a developer of multi-unit housing communities. She also served as sales and marketing director at Fox Hill Village, a Massachusetts continuing care retirement community. 

Riderwood Appoints Director of General Services

Erickson Living continuing care retirement community Riderwood has hired Wendy Ferris as the director of general services. 

In this position, Ferris will oversee daily operations of the General Services Department that includes more than 200 employees. She will coordinate long-range master planning infrastructure projects, such as Riderwood Connect, the implementation of wifi services throughout the 120-acre campus. 

Previously, Ferris served as an administrator at Ginger Grove, a retirement community in Annapolis, Md., for 11 years. 

Written by Emily Study