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Westfield Financial Inc. (WFD)On Jul 14: 9.07  Down 0.09 (0.98%)  
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Westfield Financial Inc.
141 ELM Street
Westfield, MA 01086
United States - Map
Phone: 413-568-1911
Fax: 413-562-7939
Web Site: http://www.westfieldbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Northeast Banks
Full Time Employees:140

BUSINESS SUMMARY 
Westfield Financial, Inc. operates as the holding company for Westfield Bank that provides various banking products and services to businesses and individuals in Massachusetts. The company offers regular savings deposits, such as passbook and statement savings accounts, negotiable order of withdrawal accounts, noninterest-bearing demand accounts, money market accounts, certificates of deposit, and time deposits. Its loan portfolio primarily includes commercial and industrial, commercial and residential real estate, construction, home equity, and consumer loans, as well as real estate mortgages, installment, vehicle and equipment financing, lines of credit, equipment leasing, and other commercial loans. The company originates commercial real estate loans to finance the purchase of real property, which include apartment buildings, business properties, and multi-family investment properties; and construction loans to developers of commercial and residential properties. Westfield also provides online banking services. In addition, it provides various services, including commercial deposit accounts, cash management services, Internet banking, sweep accounts, automated teller machine network, and night deposit services. As of April 29, 2009, the company operated 11 banking offices in Agawam, east Longmeadow, Holyoke, Southwick, Springfield, west Springfield, and Westfield, Massachusetts. It also had six ATM locations in Agawam, Feeding Hills, Springfield, west Springfield, and Westfield, Massachusetts. The company was founded in 1853 and is headquartered in Westfield, Massachusetts.
Key Statistics

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    CORPORATE GOVERNANCE 
    Westfield Financial Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Jul-09 is better than 13.3% of Russell 3000 companies and 25.3% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. James C. Hagan , 47
    Chief Exec. Officer, Pres, Chief Operating Officer, Chief Exec. Officer of Westfield Bank, Pres of Westfield Bank and Chief Operating Officer of Westfield Bank
    $ 246.00K $ 0
    Mr. Leo R. Sagan Jr., 46
    Chief Financial Officer, Principal Accounting Officer, VP, Treasurer, Controller, Chief Financial Officer of Westfield Bank, VP of Westfield Bank, Treasurer of Westfield Bank and Controller of Westfield Bank
    $ 128.00K $ 0
    Mr. Gerald P. Ciejka , 48
    VP, Director of HR, Gen. Counsel, VP of Westfield Bank, Director of HR of Westfield Bank and Gen. Counsel of Westfield Bank
    $ 148.00K $ 0
    Mr. Allen J. Miles III, 46
    Chief Lending Officer, Sr. VP, Chief Lending Officer of Westfield Bank and Sr. VP of Westfield Bank
    $ 174.00K $ 0
    Ms. Deborah J. McCarthy , 49
    VP, Mang. of Operations & Information Systems Departments and VP of Westfield Bank
    $ 128.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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