NUVO Bank announces promotions of Beaudry and Perkins

Date: 3/6/2014

SPRINGFIELD – NUVO Bank & Trust Company, a locally-owned, independent, small business bank located in downtown Springfield, announced the promotions of Elizabeth A. Beaudry and Denise W. Perkins. The two announcements were made internally in December 2013, and the appointments were effective Jan. 1.

“At NUVO Bank we are always focused on advancing local business, which in turn provides advanced career opportunities at NUVO and local businesses that we serve,” M. Dale Janes, chief executive officer of NUVO Bank & Trust Company, said. “Liz and Denise have been with NUVO Bank since we opened our doors in 2008, and we are grateful for their contributions to our local economy. It is our pleasure to announce these two well-deserved promotions.”

Beaudry, a resident of Holyoke, was formerly a senior commercial credit analyst and information technology administrator and now serves as NUVO Bank’s commercial credit officer and information technology officer. Prior to joining NUVO Bank in 2008, she gained experience while working for several local banks including Woronoco Savings Bank, Westbank, Florence Savings Bank and Berkshire Bank.

In her role, she will supervise and review the credit approval process, evaluate the financial condition of commercial loan applicants, conduct cash flow analysis, and assist with administration and maintenance of the Bank’s commercial lending portfolio.

Additionally, Beaudry will maintain administrative duties for NUVO Bank’s main network and manage day-to-day technology tasks including all hardware, software, network and computer-related issues. In 2013, Beaudry was honored among BusinessWest’s 40 Under 40 list of elite young professionals.

Beaudry is an alumnus of Bay Path College where she graduated magna cum laude with a Bachelor of Arts in business executive management.

Perkins, a resident of Palmer, was formerly NUVO Bank’s corporate secretary and now serves as the corporate administrative officer. She is in charge of human resources, payroll, shareholder relations, as well as the administration of the board and other corporate-related functions at the bank. She has been a member of NUVO Bank’s staff since its inception in 2008 and has held a diverse cross-section of positions with increasing responsibility during her over 30 years in the industry.

Her career began at the Farm Credit Banks of Springfield, Mass., in the legal department before moving to commercial loan operations in the Bank for Cooperatives. In 1987, she joined the Springfield Institution for Savings (SIS) where she developed and administered a community relations drop-out prevention program for at-risk youth, which received national attention and other educational collaborative partnerships for the bank.

In 1994, Perkins left SIS to join the Westbank corporate offices as the executive assistant to the president, reporting directly to the president and chief executive officer. Following her 13 year tenure at Westbank, she joined NUVO Bank’s ‘in organization’ team, known then as the Valley National Financial Group, where she participated in the raising of capital and start-up functions in anticipation of chartering the bank.

Perkins is an alumnus of Cambridge College where she completed a graduate studies preparation program.