Source: Vermont DOE. Sept 15, 2009 Craig Divis, a high school social studies teacher at Bellows Falls Union High School in Bellows Falls, was named by the State Board of Education as the 2010 Vermont Teacher of the Year at a ceremony held today at the school.Also honored were:Alternate Stacey Endres, a middle school social studies and English teacher at Milton Middle School in Milton.Finalist Terry Frey, a K-12 music teacher at Windsor Junior Senior High School and State Street School in Windsor.As the 2010 Teacher of the Year, Divis will travel statewide visiting schools and working with teachers. In addition, he is Vermont’s candidate for the National Teacher of the Year award, sponsored by the Council of Chief State School Officers. He will also travel to Washington, D.C. this spring for a reception at the White House. The Vermont Teacher of the Year Program is sponsored by Hannaford Bros. Co.State Board members visited Divis’ classroom this morning prior to a school-wide assembly. The lunchtime ceremony included remarks by Divis, 2009 Vermont Teacher of the Year Diane Leddy, Education Commissioner Armando Vilaseca and State Board Chair Tom James. The student body was present as well. Divis was presented with SMART Board ™ equipment and software for his classroom by Brian Scofield of SMART Technologies, with software and materials going to each of the other two finalists. In addition, the Department of Education donated $2,500 towards classroom-related supplies and activities.Divis, a resident of Grafton, has been an educator at Bellows Falls for five years, the past two as Social Studies Department Coordinator. He has been a classroom teacher for six years. He received a B.S. in Education from Miami University in 2003, and spent one year as an alternative program teacher in Akron, Ohio prior to coming to Vermont. Divis has worked with the University of Vermont’s Asian Studies Outreach Program since 2005 and traveled extensively during the summer.“The rewards that I find in teaching are when students become passionate about learning and understanding the world, and want to experience it firsthand,” he wrote in his nomination packet. “My rewards don’t come from grades students get on a test, but from students coming back years after graduation to visit me and tell me about their experiences traveling the world and becoming passionate about learning.”In addition to serving as an advisor to student teachers, he has served as a member of the Windham Northeast Supervisory Union Social Studies Curriculum Committee, is the chair of the Bellows Falls Union High School Social Studies Department, serves as assistant chair to the school’s Literacy Action Plan Committee, and is a member of the faculty council.Principal Chris Hodsden wrote, “Mr. Divis will not only represent our state well as Teacher of the Year, he will represent the field of education well to the general public and the nation.”In his presentation, Commissioner Vilaseca said, “We are fortunate to have someone of Mr. Divis’ caliber working here in this state.”During his remarks, Mr. Divis made a point of acknowledging his colleagues and parents. However, he saved his greatest praise for his students, telling them, “I am inspired by you every single day. I am in awe of the accomplishments of those of you in the audience and those who came before. It is to you who I say thank you for without you this would not be possible.”The Vermont Teacher of the Year program is sponsored by Hannaford Bros.
Berkshire Bank,Berkshire Hills Bancorp, Inc (Nasdaq: BHLB), and Rome Bancorp, Inc (Nasdaq: ROME) announced today that they have signed a definitive merger agreement under which Berkshire will acquire Rome and its subsidiary, The Rome Savings Bank, in a transaction valued at approximately $74 million.Rome’s assets totaled $330 million at June 30, 2010, and it operates five banking offices serving Rome, Lee, and New Hartford, New York. The Rome Savings Bank will be merged into Berkshire Bank, the principal operating subsidiary of Berkshire. After the merger is completed, Berkshire Bank will serve customers in Massachusetts, New York, and Vermont through a network of 46 full-service bank branches. Berkshire is expected to have total assets exceeding $3.0 billion and a total market capitalization for its common stock in excess of $300 million upon consummation of the transaction. Pro forma tangible equity to tangible assets is expected to improve to 8.4%.Under the terms of the merger agreement, 70% of the outstanding Rome shares will be exchanged for Berkshire shares at a fixed exchange ratio of 0.5658 Berkshire shares for each share of Rome. The remaining 30% of Rome shares will be exchanged for cash in the amount of $11.25 per share. Based on Berkshire’s closing stock price of $18.78 on October 11, 2010, the combined consideration for Rome’s shares is calculated at $10.81 per share. This represents 120% of Rome’s tangible book value per share, 19.3x Rome’s trailing twelve month earnings, and a 6.0% premium to core deposits based on financial information for the period ended June 30, 2010.Michael P. Daly, Berkshire’s President and Chief Executive Officer, stated, “This is an attractive combination for both of our companies, and we expect it to produce solid investment returns to stockholders. We expect $0.09 core earnings per share accretion in 2011 before transactions costs and up to $0.10 earnings per share accretion in 2012 after cost saves and deal costs are fully absorbed in 2011. The merger is a desirable extension of our New York franchise and is expected to accelerate our long term earnings growth. Rome is a successful and well respected company with solid asset quality and strong market share in an attractive market. It provides access to the Utica market and proximity to the Syracuse market, which was recently listed by the Brookings Institution along with Albany as among the strongest of the top hundred metro areas in the country. The Syracuse and Utica-Rome markets have a combined population of nearly one million persons. We have been successful in growing low cost deposits in markets similar to Rome and in developing strong new commercial business in adjacent markets like Syracuse and Utica. We believe that the scope of our regional bank product selection and our energetic brand initiatives will be well received in these markets. Berkshire is well positioned to be a partner to Rome and other institutions in and around our markets who recognize the benefits that can be delivered to all of our constituencies through a well-structured business combination such as this.”Charles M. Sprock, Rome’s Chairman of The Board, President, and Chief Executive Officer stated, “We are very pleased to join Berkshire Hills Bancorp and Berkshire Bank. Berkshire has successfully partnered and expanded into new markets, and its experienced New York leadership is knowledgeable of our markets in and around Rome. Berkshire Bank will continue to uphold our tradition of service excellence while introducing new products, including insurance and wealth management. With a 14% premium to the recent price of our stock, the transaction pricing is attractive to our shareholders, especially when taking into account the significant upside potential for core earnings growth and stock appreciation of Berkshire stock.”Each Rome shareholder will have the right to elect the form of consideration, subject to proration procedures to maintain the overall 70%/30% mix of stock and cash consideration. The transaction is intended to qualify as a reorganization for federal income tax purposes, and as a result, the shares of Rome common stock exchanged for shares of Berkshire common stock are expected to be transferred on a tax-free basis. The definitive agreement has been unanimously approved by the Boards of Directors of both Berkshire and Rome. Consummation of the agreement is subject to the approval of Rome’s shareholders, as well as state and federal regulatory agencies. Berkshire does not anticipate that the transaction will require approval of its shareholders. The merger is expected to be completed in the first quarter of 2011. Berkshire and Rome have created foundations for community charitable support which will continue to provide charitable contributions to the local communities.Stifel Nicolaus & Company, Incorporated served as the financial advisor to Berkshire, and Sandler O’Neill & Partners, L.P. served as the financial advisor for Rome. Luse Gorman Pomerenk & Schick, P.C. served as outside legal counsel to Berkshire, while SNR Denton US LLP served as outside legal counsel to Rome.BERKSHIRE UPDATEAn information presentation with additional information about the merger will be posted promptly in the Investor Relations section of Berkshire’s website at www.berkshirebank.com(link is external). Berkshire has a previously announced conference call to discuss third quarter earnings and earnings guidance on Thursday, October 21, 2010, and management will also plan to discuss this merger announcement on that call.Berkshire CEO Mike Daly added, “We are pleased that our third quarter earnings per share are anticipated to meet or exceed current consensus expectations of $0.24 per share. We also anticipate that our net interest margin will meet or exceed our expectations, with continuing solid loan growth and favorable asset quality metrics. We look forward to providing more information about our improving results and expectations in our forthcoming earnings release after the close of business on October 20, and in the conference call on October 21.”BACKGROUNDBerkshire Hills Bancorp is the parent of Berkshire Bank ‘ America’s Most Exciting Bank(SM). The Company has $2.7 billion in assets and 46 financial centers in Massachusetts, New York, and Vermont. Berkshire Bank provides 100% deposit insurance protection for all deposit accounts, regardless of amount, based on a combination of FDIC insurance and the Depositors Insurance Fund (DIF). For more information, visit www.berkshirebank.com(link is external) or call 800-773-5601.Rome Bancorp, Inc. is a publicly held, one-bank holding company whose wholly-owned subsidiary, The Rome Savings Bank, maintains its corporate offices in Rome, New York. Rome Bancorp, Inc. is incorporated in the state of Delaware. The Rome Savings Bank, regulated by the Office of Thrift Supervision, operates five full-service community banking offices in Rome, Lee, and New Hartford, New York. Rome’s primary lines of business include residential real estate lending, small business loan and deposit services, as well as a variety of consumer loan and deposit services.FORWARD LOOKING STATEMENTSThis news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the proposed merger of Berkshire and Rome. These statements include statements regarding the anticipated closing date of the transaction and anticipated future results. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Certain factors that could cause actual results to differ materially from expected results include delays in completing the merger, difficulties in achieving cost savings from the merger or in achieving such cost savings within the expected time frame, difficulties in integrating Berkshire and Rome, increased competitive pressures, changes in the interest rate environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the business in which Berkshire and Rome are engaged, changes in the securities markets and other risks and uncertainties disclosed from time to time in documents that Berkshire files with the Securities and Exchange Commission.ADDITIONAL INFORMATION FOR STOCKHOLDERSThe proposed transaction will be submitted to Rome stockholders for their consideration. Berkshire will file with the SEC a Registration Statement on Form S-4 that will include a Proxy Statement of Rome and a Prospectus of Berkshire, as well as other relevant documents concerning the proposed transaction with the SEC. Stockholders of Rome are urged to read the Registration Statement and the Proxy Statement/Prospectus when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. You will be able to obtain a free copy of the Registration Statement, Proxy Statement/Prospectus, as well as other filings containing information about Berkshire and Rome at the SEC’s Internet site (http://www.sec.gov(link is external)).Berkshire and Rome and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Rome in connection with the proposed merger. Information about the directors and executive officers of Berkshire is set forth in the proxy statement, dated March 26, 2010, for Berkshire’s 2010 annual meeting of stockholders, as filed with the SEC on Schedule 14A. Information about the directors and executive officers of Rome is set forth in the proxy statement, dated April 1, 2010, for Rome’s 2010 annual meeting of stockholders, as filed with the SEC on Schedule 14A. Additional information regarding the interests of such participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus when it becomes available. Free copies of this document may be obtained as described in the above paragraph.NON-GAAP FINANCIAL MEASURESThis news release references non-GAAP financial measures incorporating tangible equity and related measures, as well as core deposits. These measures are commonly used by investors in evaluating business combinations and financial condition. Tangible equity/tangible assets excludes intangible assets from the numerator and denominator. Tangible book value per share excludes intangible assets. Core deposits are total deposits less time deposits over $100 thousand.SOURCE Berkshire Hills Bancorp, Inc. 10.12.2010. PITTSFIELD, Mass. and ROME, N.Y.,/PRNewswire-FirstCall/ —
Joseph “Joey” Lawrence Walden, age 38 of Indianapolis, suddenly passed away on May 12, 2020. Joey was born November 14, 1981, in Cincinnati, Ohio the son of Mary Ann Moore and Michael Feagan. Joey cherished his childhood growing up in Augusta, Kentucky and Portland, Tennesse where he was introduced to Bill Monroe and many other country music legends. Joey always looked forward to the time spent with his cousins during the summer months and especially the family gatherings.Joey enlisted in the National Guard after Franklin County High School and proudly served at the Indiana National Guard in Connersville, Indiana. Joey worked in construction for many years and was known for having a big heart and he was always willing to help anyone in need. Joey loved to write songs, play his guitar, and spend time on the Laughery Creek banks in southeastern Indiana fishing with his life-long friend Jennie.Joey is survived by his mother, Mary Ann (Ronnie) Moore, father, Mike (Diane) Feagan; brothers, Dakotah James Moore and Keith (Kala) Moore; step-grandparents, Ronnie and Mary Moore Sr.; nephew of Larry (Maria) Walden, Shirley (Rick) Baker, David (Rhonda) Walden, Kathy (Randy) Puckett, Earnest Phillip (Kathy) Walden, Donna (Steve) Schuman, Terry (Tammy) Moore, and numerous cousins.Joey is preceded in death by his grandparents Lawrence and Lucille (Crider) Walden, Leaming “Slim” and Ruth Feagan, aunt Anita Gail Byrd, uncle Winfred Earl Walden, and cousin Michael David Byrd.Graveside services will be Monday, May 18, 2020 at Glen Haven Cemetery in Harrison, Ohio at 2:00 pm with his uncle, Larry Walden officiating.Memorials may be given to the family and sent or dropped off to Meyers Funeral Home, P.O. Box 202, 1150 St. Rd. 46 E., Batesville, IN 47006.We also encourage you to leave a message at www.meyersfuneralhomes.com on Joey’s obituary page for the family in the online guestbook or send a card to using the link on the page.
Swansea defender Kyle Naughton has been ruled out for the rest of the season with ankle ligament damage Swansea defender Kyle Naughton has been ruled out for the rest of the season with ankle ligament damage, the club has announced.Naughton was hurt Swansea’s 3-1 home win over Hull on Saturday in a challenge which saw Tigers midfielder David Meyler shown a straight red card.A statement on the official Swansea website said a second scan confirmed ligament damage that will keep the January signing from Spurs out for around six weeks.“An initial scan ruled out a fracture but a follow-up scan confirmed ligament damage,” said the club statement.Naughton was taken to hospital after the game for x-rays but Swansea had to wait for the swelling on the ankle to go down to discover the full extent of the injury.Swans manager Garry Monk said after the game his initial view was that Meyler’s challenge was a redcard offence.“It was a genuine 50-50 ball for both players to have and my initial reaction was that it was bad challenge,” he said.“I don’t think there was any malice from the player but you always run that risk when your foot goes over the ball.” 1