Read the 2014 Hometown Bank Annual Report Online

The 2014 annual report of Hometown Bank is now available to read online. Just click on this link and you will be redirected to a PDF version of the report.

The report includes a message from our President and CEO, Mike Hewitt, a summary of our activities during 2014, our 125th anniversary year, and end-of-year financial statements reflecting the strong performance of Hometown Bank.

Printed copies of the report are available at your local branch upon request.

Pappas Elected Chairman of Hometown Bank Board

Hometown Bank’s Board of Directors has elected Sam S. Pappas as its new chairman, succeeding former chair, Jeanne L. Katrenak, effective immediately. Steven H. Duvarney, II was elected vice-chairman.

Pappas was first elected to the Board of Directors of the Bank in 1996, when it was still known as Webster Cooperative Bank and had just one office in downtown Webster, Massachusetts. He was instrumental in rebranding the bank as Hometown Bank, and in the acquisition of the Oxford property where it now has its headquarters and operations center. He has served as chairmen of the Mortgage and Security Committee for the past 14 years and Vice Chairman of the board of directors for the past year.

A U.S. Army veteran who served with distinction during the Vietnam conflict, and a graduate of Nichols College, where he earned a Bachelor of Science degree in accounting and finance, he established his accounting and tax practice, Sam S. Pappas, C.P.A., in 1982. Active in the Webster business community, he is a current member and past president of the Webster Lions Club; current director and past president of the United Way of Webster, Dudley and Oxford; current director of the Webster, Dudley, Oxford Chamber of Commerce, and past treasurer of both St. Constantine and Helen Greek Orthodox Church and Hubbard Regional Hospital and Hubbard Health Systems. He is a member of the AHEPAH Society, the Massachusetts Society of CPA’s, the American Institute of Certified Public Accountants, the American Institute of Tax Studies and the National Association of Tax Practitioners.

An avid soccer player for most of his life, and a certified FIFA referee, Pappas is also well known in Webster sports circles as a long-time coach and supporter of the Webster Youth Soccer League and the Bartlett High School varsity soccer team. “I am excited and eager to work together with the Board to continue the success and growth of the bank,” Pappas said.

Duvarney started his banking career as a director at Athol-Clinton Co-operative Bank in April, 2007 and was chairman of that bank’s Board of Directors at the time of its merger with Hometown in 2011. He currently serves on Hometown Bank’s Mortgage and Security and Asset/Liability (ALCO) committees and has previously served on the CRA/Marketing committee.

He holds a Bachelor of Science degree in Management from the University of Massachusetts, Amherst. He is a third generation participant in his family’s business, Duvarney Jewelers of Clinton and Fitchburg. Active in the jewelry trade, he is currently president of the New England Guild of the American Gem Society and a director of the New England Jewelers Association. He has served on several boards in the local community as well. “I look forward to Hometown Bank’s continued success as one of the strongest community banks in the region,” Duvarney said.

In other business, the Board elected Michael D. Hewitt, Kevin J. Mack, Sam S. Pappas and Edward L. Woodcome to three-year terms as director. Officers of the Bank are President and CEO Michael D. Hewitt, Chief Financial Officer Jonathan Oglebay, Senior Vice President of Lending Michael P. Mahlert and Clerk Henry J. LaMountain, Sr.

Hometown Bank is a $400 million mutual bank with offices in Athol, Auburn, Leominster, Oxford, South Lancaster, Sturbridge and Webster, Massachusetts.

Photo Cut Line #1: Sam S. Pappas, Chairman, Hometown Bank

Photo Cut Line #2: Steven H. Duvarney, Vice-Chairman, Hometown Bank

Hometown Bank Community Bancorp, MHC Conducts Annual Meeting

The annual meeting of Hometown Community Bancorp, MHC was held on Thursday, May 28 at Nuovo Restaurant in Worcester.

Chairman of the Board Jeanne L. Katrenak presided over the meeting, welcomed attendees and delivered opening remarks. Clerk Henry J. LaMountain, Sr. presented the report of the nominating committee and Louis J. Perrin, Jr. was elected as Corporator.

Corporators elected Trustees Michael D. Hewitt, Kevin J. Mack, Sam S. Pappas and Edward L. Woodcome for three-year terms and Henry J. LaMountain, Sr. for a one-year term as Clerk of the Corporation.

Hometown Bank President and CEO Michael D. Hewitt reported on the Bank’s activities during the prior year, its strong financial performance and its favorable standing among its peer group of other Massachusetts banks. “At year-end, Hometown Bank had total assets of $400 million, an increase of $36 million, or 9.7% over the previous year,” Hewitt reported, “with strong growth in both deposits and loans, $25 million in net commercial growth, or 17% compared with 2013. Deposits grew by 10.4% with $343 million on deposit at year end.”

Hewitt went on to describe the Bank’s many accomplishments during 2014, including celebrating the Bank’s 125th Anniversary, recognizing a dozen “Everyday Hometown Heroes,” distributing $17,500 to “Neighbors Helping Neighbors” food pantries and more than $60,000 in overall donations, completing its corporate reorganization, opening its new Leominster branch office, revamping the Bank’s website and introducing online account opening.

Ms. Katrenak concluded the meeting with a presentation to retiring director, James Lake, who joined the Hometown Bank board of directors during the 2011 merger with Athol Clinton Co-Operative Bank, having served a combined total of 11 years.

“Jim has been a valuable member of the Hometown Bank Board. His strong knowledge of management and governance acquired over his career has made him a valuable member of the Board and Governance Committee,” said Ms. Katrenak. “Jim joined our board four years ago as part of the merger ACCB.   During his time with ACCB, he had served as Chairman of the Board for over 10 years. Please join me in congratulating Jim on his retirement.”  Mr. Lake will remain a Corporator and continue to be involved with the Bank, she said.

At a subsequent annual meeting of the Trustees of Hometown Community Bancorp, MHC, the following individuals were appointed as officers for 2015: Michael D. Hewitt, President and Chief Executive Officer, Jonathan Oglebay, Chief Financial Officer and Treasurer and Henry J. LaMountain, Sr., Clerk.

Photo Cut Line: Board Chairman Jeanne L. Katrenak thanks retiring Director James L. Lake for his service to Hometown Bank.

Hometown Bank Announces Recent Promotions

Hometown Bank has announced two promotions according to Norma Collins, Vice President of Human Resources and Operations:

Jennifer Mancini, of Webster has been promoted to compliance assistant. In her new position, Ms. Mancini will assist the Bank’s compliance officer in assuring bank-wide regulatory compliance; preparing and implementing compliance policies and procedures; compiling data for internal audits and state and federal regulatory examinations, and preparation and management of various risk assessment tools. Ms. Mancini joined Hometown Bank in August 2013 as a mortgage processor.

She graduated magna cum laude with a bachelor’s degree in business administration from Nichols College, Dudley where she was a member of Alpha Zeta Phi, the Nichol’s College honor society. She is also a member of Delta Mu Delta, the international honor society in business administration.

Raymond Nutter, of Putnam, CT has been promoted to senior loan processor. In his new position, Nutter will be responsible for reviewing, processing and monitoring residential and equity loan applications and insuring loan quality compliance and adherence to loan policy. He joined the Bank in 2011 as a mortgage processor and most recently served as a credit analyst. In 2012, he was cited as employee of the year in the Bank’s annual Customer Care program which encourages superior customer service. In his spare time, Nutter enjoys running and participates in numerous 5k and 10k road races each year.

Please join us in congratulating Jennifer and Ray on their promotions!