Financial Services - Banks - Regional - NASDAQ - US
$ 8.9
0 %
$ 187 M
Market Cap
17.12
P/E
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services.[ Read More ]
The intrinsic value of one WNEB stock under the base case scenario is HIDDEN Compared to the current market price of 8.9 USD, Western New England Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart WNEB
FINANCIALS
78.3 M
REVENUE
19.6 M
OPERATING INCOME
15.1 M
NET INCOME
14.8 M
OPERATING CASH FLOW
-13.7 M
INVESTING CASH FLOW
-2.57 M
FINANCING CASH FLOW
17.2 M
REVENUE
13.3 M
OPERATING INCOME
1.9 M
NET INCOME
2.98 M
OPERATING CASH FLOW
-30.3 M
INVESTING CASH FLOW
46.6 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Western New England Bancorp, Inc.
| Current Assets | 37.4 M |
| Cash & Short-Term Investments | 28.8 M |
| Receivables | 8.53 M |
| Other Current Assets | 0 |
| Non-Current Assets | 2.87 B |
| Long-Term Investments | 361 M |
| PP&E | 33.8 M |
| Other Non-Current Assets | 2.48 B |
| Current Liabilities | 0 |
| Accounts Payable | 140 K |
| Short-Term Debt | 16.1 M |
| Other Current Liabilities | -16.2 M |
| Non-Current Liabilities | 2.33 B |
| Long-Term Debt | 140 M |
| Other Non-Current Liabilities | 2.19 B |
EFFICIENCY
Earnings Waterfall
Western New England Bancorp, Inc.
| Revenue | 78.3 M |
| Cost Of Revenue | 0 |
| Gross Profit | 78.3 M |
| Operating Expenses | 78.8 M |
| Operating Income | 19.6 M |
| Other Expenses | 4.52 M |
| Net Income | 15.1 M |
RATIOS
100.00%
GROSS MARGIN
25.02%
OPERATING MARGIN
19.24%
NET MARGIN
6.35%
ROE
0.59%
ROA
3.83%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Western New England Bancorp, Inc.
| Net Income | 15.1 M |
| Depreciation & Amortization | 2.59 M |
| Capital Expenditures | -2.9 M |
| Stock-Based Compensation | 1.98 M |
| Change in Working Capital | -5.24 M |
| Others | -5.06 M |
| Free Cash Flow | 11.9 M |
Wall Street Analysts Price Targets
Western New England Bancorp, Inc.
WNEB has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.83%
DIVIDEND YIELD
0.07 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Western New England Bancorp, Inc.
Sold
0-3 MONTHS
51 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
25 K USD 2
3-6 MONTHS
6.79 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 months ago
Aug 16, 2024
|
Sell 12.7 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 1499
|
8.5 USD |
|
2 months ago
Aug 19, 2024
|
Sell 38.3 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 4501
|
8.5 USD |
|
5 months ago
Jun 05, 2024
|
Bought 3.32 K USD
|
Goncalves Filipe B
SVP & CCO |
+ 500
|
6.643 USD |
|
5 months ago
Jun 07, 2024
|
Bought 1.43 K USD
|
Goncalves Filipe B
SVP & CCO |
+ 220
|
6.52 USD |
|
5 months ago
May 31, 2024
|
Bought 10 K USD
|
Sajdak Guida R
EVP, CFO & Treasurer |
+ 1495
|
6.72 USD |
|
5 months ago
May 28, 2024
|
Bought 10.2 K USD
|
Sajdak Guida R
EVP, CFO & Treasurer |
+ 1481
|
6.88 USD |
|
6 months ago
Apr 30, 2024
|
Bought 3.01 K USD
|
Goncalves Filipe B
SVP & CCO |
+ 500
|
6.025 USD |
|
9 months ago
Feb 14, 2024
|
Bought 3.78 K USD
|
HAGAN JAMES C
President and CEO |
+ 461.83
|
8.18 USD |
|
1 year ago
May 12, 2023
|
Bought 12.5 K USD
|
Richter Steven G.
Director |
+ 2100
|
5.96 USD |
|
1 year ago
May 12, 2023
|
Bought 14.9 K USD
|
Miles Allen J III
EVP & Senior Lender |
+ 2493.65
|
5.99 USD |
|
1 year ago
May 08, 2023
|
Bought 788 USD
|
Goncalves Filipe B
SVP & CCO |
+ 130
|
6.06 USD |
|
1 year ago
May 08, 2023
|
Bought 3.75 K USD
|
Goncalves Filipe B
SVP & CCO |
+ 620
|
6.05 USD |
|
1 year ago
May 05, 2023
|
Bought 5.86 K USD
|
Benoit Laura
Director |
+ 975
|
6.01 USD |
|
1 year ago
May 04, 2023
|
Bought 10.6 K USD
|
Bonini John E
SVP, General Counsel |
+ 1700
|
6.25 USD |
|
1 year ago
May 03, 2023
|
Bought 5.83 K USD
|
O'Connor Kevin C
EVP & Chief Banking Officer |
+ 945
|
6.17 USD |
|
1 year ago
May 03, 2023
|
Bought 3.93 K USD
|
Sajdak Guida R
EVP, CFO & Treasurer |
+ 633
|
6.21 USD |
|
1 year ago
May 03, 2023
|
Bought 1.22 K USD
|
Sajdak Guida R
EVP, CFO & Treasurer |
+ 200
|
6.12 USD |
|
1 year ago
May 02, 2023
|
Bought 1.52 K USD
|
Goncalves Filipe B
SVP & CCO |
+ 250
|
6.08 USD |
|
1 year ago
May 02, 2023
|
Bought 6.82 K USD
|
HAGAN JAMES C
President and CEO |
+ 1123
|
6.07 USD |
|
1 year ago
Nov 28, 2022
|
Sell 29.1 K USD
|
Gorman Louis O III
SVP & Chief Credit Officer |
- 2994
|
9.73 USD |
|
1 year ago
Nov 28, 2022
|
Sell 3.95 K USD
|
Gorman Louis O III
SVP & Chief Credit Officer |
- 406
|
9.74 USD |
|
1 year ago
Nov 28, 2022
|
Sell 59.7 K USD
|
Gorman Louis O III
SVP & Chief Credit Officer |
- 6146
|
9.72 USD |
|
2 years ago
Nov 09, 2022
|
Sell 24.3 K USD
|
Smith Philip R
Director |
- 2716
|
8.93 USD |
|
2 years ago
Jun 14, 2022
|
Bought 4.21 K USD
|
HAGAN JAMES C
President and CEO |
+ 534
|
7.89 USD |
|
2 years ago
Jun 10, 2022
|
Bought 4.04 K USD
|
Benoit Laura
director: |
+ 500
|
8.07 USD |
|
2 years ago
Jun 03, 2022
|
Sell 74 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 8795
|
8.41 USD |
|
2 years ago
Feb 09, 2022
|
Sell 120 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 13068
|
9.2 USD |
|
2 years ago
Feb 07, 2022
|
Sell 49.9 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 5420
|
9.2 USD |
|
2 years ago
Feb 03, 2022
|
Sell 39.4 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 4281
|
9.2 USD |
|
2 years ago
Dec 07, 2021
|
Sell 47.5 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 5275
|
9 USD |
|
2 years ago
Dec 06, 2021
|
Bought 1.55 K USD
|
Benoit Laura
Director |
+ 175
|
8.86 USD |
|
2 years ago
Nov 24, 2021
|
Sell 57.2 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 6000
|
9.53 USD |
|
2 years ago
Nov 18, 2021
|
Bought 18.7 K USD
|
Miles Allen J III
EVP & Senior Lender |
+ 1934
|
9.67 USD |
|
3 years ago
Nov 01, 2021
|
Sell 13.2 K USD
|
WAGNER WILLIAM J
See Remarks |
- 1350
|
9.75 USD |
|
3 years ago
Aug 27, 2021
|
Bought 3.07 K USD
|
Benoit Laura
Director |
+ 350
|
8.77 USD |
|
3 years ago
Aug 24, 2021
|
Sell 23.8 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 2722
|
8.75 USD |
|
3 years ago
Jun 17, 2021
|
Sell 17 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 2000
|
8.5 USD |
|
3 years ago
Mar 12, 2021
|
Sell 95.6 K USD
|
WAGNER WILLIAM J
Employee Advisor to Exec Comm |
- 10600
|
9.02 USD |
|
3 years ago
Mar 05, 2021
|
Sell 110 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 12917
|
8.5 USD |
|
3 years ago
Feb 09, 2021
|
Bought 50.7 K USD
|
Miles Allen J III
SVP & Senior Lender |
+ 6558
|
7.73 USD |
|
3 years ago
Feb 01, 2021
|
Bought 1.64 K USD
|
Benoit Laura
Director |
+ 250
|
6.55 USD |
|
3 years ago
Dec 24, 2020
|
Sell 44.9 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 6656
|
6.75 USD |
|
3 years ago
Dec 09, 2020
|
Sell 4.08 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 583
|
7 USD |
|
4 years ago
Sep 16, 2020
|
Bought 5.6 K USD
|
Richter Steven G.
Director |
+ 1000
|
5.6 USD |
|
4 years ago
Aug 13, 2020
|
Bought 3.58 K USD
|
Richter Steven G.
Director |
+ 700
|
5.12 USD |
|
4 years ago
Jun 16, 2020
|
Bought 1.24 K USD
|
Benoit Laura
Director |
+ 215
|
5.77 USD |
|
4 years ago
Jun 02, 2020
|
Bought 2.04 K USD
|
HAGAN JAMES C
President and CEO |
+ 377
|
5.41 USD |
|
4 years ago
May 13, 2020
|
Bought 992 USD
|
Szlosek Theresa C
Assistant VP & Corp Secretary |
+ 208
|
4.77 USD |
|
4 years ago
May 11, 2020
|
Bought 3.34 K USD
|
HAGAN JAMES C
President and CEO |
+ 632
|
5.29 USD |
|
4 years ago
May 06, 2020
|
Bought 47.8 K USD
|
Richter Steven G.
Director |
+ 9483
|
5.04 USD |
|
4 years ago
Mar 19, 2020
|
Bought 96.5 K USD
|
Damon Donna J.
Director |
+ 13000
|
7.42 USD |
|
4 years ago
Mar 19, 2020
|
Bought 21.6 K USD
|
Smith Philip R
Director |
+ 3000
|
7.21 USD |
|
4 years ago
Mar 13, 2020
|
Bought 27.1 K USD
|
Miles Allen J III
SVP & Senior Lender |
+ 4167
|
6.5 USD |
|
4 years ago
Mar 13, 2020
|
Bought 1.78 K USD
|
Benoit Laura
Director |
+ 275
|
6.47 USD |
|
4 years ago
Mar 13, 2020
|
Bought 30.7 K USD
|
McMahon Lisa G
Director |
+ 4788
|
6.42 USD |
|
4 years ago
Mar 02, 2020
|
Bought 4.48 K USD
|
Tapases Christos A
Director |
+ 500
|
8.95 USD |
|
4 years ago
Feb 28, 2020
|
Bought 1.02 K USD
|
Benoit Laura
Director |
+ 115
|
8.9 USD |
|
4 years ago
Feb 05, 2020
|
Bought 9.3 K USD
|
Smith Philip R
Director |
+ 1000
|
9.3 USD |
|
4 years ago
Dec 19, 2019
|
Bought 4.94 K USD
|
Richter Steven G.
Director |
+ 500
|
9.87 USD |
|
4 years ago
Dec 05, 2019
|
Sell 28.4 K USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 2911
|
9.75 USD |
|
4 years ago
Nov 20, 2019
|
Sell 360 USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 36
|
10 USD |
|
5 years ago
Oct 31, 2019
|
Bought 4.77 K USD
|
Richter Steven G.
Director |
+ 500
|
9.54 USD |
|
5 years ago
Sep 13, 2019
|
Bought 994 USD
|
Benoit Laura
Director |
+ 100
|
9.94 USD |
|
5 years ago
Aug 27, 2019
|
Bought 4.32 K USD
|
Tapases Christos A
Director |
+ 500
|
8.65 USD |
|
5 years ago
Mar 19, 2019
|
Sell 4.84 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 500
|
9.69 USD |
|
5 years ago
Mar 15, 2019
|
Sell 24.9 K USD
|
WAGNER WILLIAM J
SVP/Chief Business Dev Officer |
- 2500
|
9.95 USD |
|
5 years ago
Mar 19, 2019
|
Sell 526 K USD
|
WAGNER WILLIAM J
SVP/Chief Business Dev Officer |
- 53100
|
9.9 USD |
|
5 years ago
Mar 19, 2019
|
Sell 17.6 K USD
|
WAGNER WILLIAM J
SVP/Chief Business Dev Officer |
- 1772
|
9.94 USD |
|
5 years ago
Mar 15, 2019
|
Sell 32.5 K USD
|
Libiszewski Darlene M
SVP, Chief Information Officer |
- 3275
|
9.93 USD |
|
5 years ago
Mar 14, 2019
|
Sell 5.99 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 600
|
9.98 USD |
|
5 years ago
Mar 15, 2019
|
Sell 3.98 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 400
|
9.94 USD |
|
5 years ago
Mar 12, 2019
|
Sell 39.7 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 3974
|
10 USD |
|
6 years ago
Jun 19, 2018
|
Sell 6.02 K USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 566
|
10.63 USD |
|
6 years ago
Jun 19, 2018
|
Sell 4.65 K USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 437
|
10.63 USD |
|
6 years ago
Jun 19, 2018
|
Sell 128 USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 12
|
10.63 USD |
|
6 years ago
Nov 13, 2018
|
Sell 9.73 K USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 889
|
10.95 USD |
|
5 years ago
Mar 06, 2019
|
Sell 1.21 K USD
|
Sajdak Guida R
EVP & Chief Financial Officer |
- 121
|
10 USD |
|
5 years ago
Feb 25, 2019
|
Bought 9.85 K USD
|
McMahon Lisa G
Director |
+ 1000
|
9.85 USD |
|
6 years ago
Nov 07, 2018
|
Sell 1.14 K USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 114
|
10 USD |
|
6 years ago
Nov 06, 2018
|
Bought 4.92 K USD
|
Tapases Christos A
Director |
+ 500
|
9.8499 USD |
|
6 years ago
Oct 29, 2018
|
Bought 41.2 K USD
|
Smith Philip R
Director |
+ 4000
|
10.2916 USD |
|
6 years ago
Mar 09, 2018
|
Sell 130 K USD
|
Inacio Cidalia
SVP, Retail Banking/Operations |
- 12125
|
10.69 USD |
|
6 years ago
Mar 02, 2018
|
Sell 25.6 K USD
|
Miles Allen J III
EVP & Chief Lending Officer |
- 2500
|
10.25 USD |
7. News
Western New England Bancorp (WNEB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 weeks ago
Western New England Bancorp (WNEB) Q3 Earnings Miss Estimates
Western New England Bancorp (WNEB) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.21 per share a year ago.
zacks.com
- 3 weeks ago
Western New England Bancorp, Inc. Reports Results for Three and Nine Months Ended September 30, 2024 and Declares Quarterly Cash Dividend
WESTFIELD, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and nine months ended September 30, 2024. For the three months ended September 30, 2024, the Company reported net income of $1.9 million, or $0.09 per diluted share, compared to net income of $4.5 million, or $0.21 per diluted share, for the three months ended September 30, 2023. On a linked quarter basis, net income was $1.9 million, or $0.09 per diluted share, as compared to net income of $3.5 million, or $0.17 per diluted share, for the three months ended June 30, 2024. For the nine months ended September 30, 2024, net income was $8.4 million, or $0.40 per diluted share, compared to net income of $12.6 million, or $0.58 per diluted share, for the nine months ended September 30, 2023.
globenewswire.com
- 3 weeks ago
Western New England Bancorp (WNEB) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Western New England Bancorp (WNEB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 months ago
Western New England Bancorp (WNEB) Q2 Earnings and Revenues Surpass Estimates
Western New England Bancorp (WNEB) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.13 per share a year ago.
zacks.com
- 3 months ago
Western New England Bancorp, Inc. Reports Results for Three and Six Months Ended June 30, 2024 and Declares Quarterly Cash Dividend
WESTFIELD, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and six months ended June 30, 2024. For the three months ended June 30, 2024, the Company reported net income of $3.5 million, or $0.17 per diluted share, compared to net income of $2.8 million, or $0.13 per diluted share, for the three months ended June 30, 2023. On a linked quarter basis, net income was $3.5 million, or $0.17 per diluted share, as compared to net income of $3.0 million, or $0.14 per diluted share, for the three months ended March 31, 2024. For the six months ended June 30, 2024, net income was $6.5 million, or $0.31 per diluted share, compared to net income of $8.1 million, or $0.37 per diluted share, for the six months ended June 30, 2023.
globenewswire.com
- 3 months ago
Western New England Bancorp (WNEB) Soars 9.0%: Is Further Upside Left in the Stock?
Western New England Bancorp (WNEB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
zacks.com
- 4 months ago
Western New England Bancorp, Inc. Announces Completion of 2022 Repurchase Plan
WESTFIELD, Mass., June 10, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on June 6, 2024, the Company completed all repurchases under its existing stock repurchase plan (“2022 Repurchase Plan”) at an average price per share of $7.34. The Board of Directors of the Company authorized the 2022 Repurchase Plan on July 26, 2022.
globenewswire.com
- 5 months ago
Western New England Bancorp, Inc. Announces Authorization of Repurchase Plan
WESTFIELD, Mass., May 22, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on May 21, 2024, the Board of Directors authorized a new stock repurchase plan (“2024 Plan”), pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.6%, of the Company's outstanding shares of common stock, upon the completion of the 2022 Plan.
globenewswire.com
- 5 months ago
Western New England Bancorp (WNEB) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Western New England Bancorp (WNEB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 6 months ago
Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2024 and Declares Quarterly Cash Dividend
WESTFIELD, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three months ended March 31, 2024. The Company reported net income of $3.0 million, or $0.14 per diluted share, for the three months ended March 31, 2024, compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023. On a linked quarter basis, net income was $3.0 million, or $0.14 per diluted share, as compared to net income of $2.5 million, or $0.12 per diluted share, for the three months ended December 31, 2023.
globenewswire.com
- 6 months ago
Western New England Bancorp (WNEB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 9 months ago
8. Profile Summary
Western New England Bancorp, Inc. WNEB
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 187 M
Dividend Yield
0.83%
Description
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. As of December 31, 2021, it operated through a network of 25 banking offices, 23 free-standing ATMs, and 35 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.
Contact
141 Elm Street, Westfield, MA, 01085
https://www.westfieldbank.com
IPO Date
May 2, 2002
Employees
294
Officers
Mr. Leo R. Sagan Jr.
Senior Vice President & Chief Risk Officer
Ms. Nadia M. Baral
Vice President & Director of Compliance
Ms. Darlene M. Libiszewski
Senior Vice President & Chief Information Officer
Mr. Daniel Marini
Senior Vice President of Retail Banking & Marketing
Mr. Allen J. Miles III
Executive Vice President & Senior Lender
Mr. James C. Hagan
President, Chief Executive Officer & Director
Ms. Guida R. Sajdak
Chief Financial Officer, Executive Vice President & Treasurer
Ms. Christine Phillips
Senior Vice President & Human Resources Director
Carole Hinkley
Assistant Vice President & Investment Officer
Ms. Meghan Hibner
Vice President, Controller & Investor Relations Officer