Marantz Promoted Assistant VP

Steven Marantz has been promoted to assistant vice president, financial advisor at Rockville Bank.

Marantz joined Rockville Bank in 2008 as a financial advisor and has been in the financial services industry for 28 years, 19 years of those at brokerage houses and 9 years in banking.

Marantz lives with his wife, Michele, in Longmeadow, Mass., where he served on the Town’s Finance Committee for 7 years, and was its chair from 2004 to 2007.

Rockville Bank serves Tolland, Hartford and New London counties in Connecticut.

Wagner Elected To Bankers' Bank Northeast Board

William Wagner, president and CEO of Chicopee Savings Bank, Chicopee, Mass., has been elected to the Bankers’ Bank Northeast board of directors.

“I remember Bill’s comment at our annual meeting several years ago, when he challenged attending shareholder banks to follow his bank’s lead by using all the pertinent services we offer,” said Peter Sposito, president and CEO of Bankers’ Bank Northeast. “He made a great impression on us then, and I know Bill’s commercial loan experience will enhance our Board’s expertise in that important segment of our activities.”

Wagner, a resident of Longmeadow, Mass., has been president of Chicopee Savings Bank since 1984. Previously, he spent 18 years with Park West Bank, West Springfield, Mass.

Bankers’ Bank Northeast, based in Glastonbury, Conn., serves more than 200 community banks throughout New England and New York state. Nationally, there are 20 bankers’ banks that work with more than 6,000 community banks in all 50 states.

Essex Savings Bank opens new Madison office

Essex Savings Bank (ESB) cut the ribbon to open a new financial service center at 99 Durham Road in Madison.

Gregory Shook, president and chief executive officer, said the new financial center will include an adviser from its Essex Financial Services subsidiary as well as a senior vice president from its trust department.

ESB offers a broad range of financial services, including banking, financial, estate, insurance and retirement planning. Branches are located in Essex, Old Lyme and Old Saybrook.

The grand opening and ribbon-cutting ceremonies were attended by town officials, chamber representatives and members of the local business community.

Essex Savings Bank is a state-chartered mutual, or depositor owned, savings bank serving the shoreline and Connecticut River Valley.

CEO: People You Should Know

Guggenheim Partners (GP) has appointed Alan Schwartz as executive chairman, to "help develop the firm’s banking and trading businesses while building its established investment management unit."

Schwartz will also supervise around $100 billion in asset management and advisory accounts at GP, which is a global, independent, privately held, diversified financial services firm with more than $100 billion in assets under supervision.

He was previously the CEO of Bear Stearns.