Mr. Janosco: Westfield Financial, Inc., is a mutual holding company with approximately $815 million in assets. We are a mutual holding company that has sold 47% of its stock to the public and the other 53% is held by the mutual holding company.
TWST: Has the bank made any significant changes in the way it does
things in the last few years?
Mr. Janosco: We went public in December 2001 but since then, it has been
business as usual.
TWST: What is the general climate for banking in your sector of
Massachusetts?
Mr. Janosco: Western Massachusetts is a very competitive market with a
substantial number of fairly large community savings banks and community
mutual banks. Of course, we have large supraregionals such as Fleet and
Bank North and banks that are much larger but our competitors are mainly
the $500 to $700 million community bank.
Tickers included in this excerpt: WFD
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