Western New England Bancorp, Inc. Announces Net Charge-Offs for the Three Months Ended December 31, 2021
January 25, 2022 at 09:05 pm
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Western New England Bancorp, Inc. announced net charge-offs for the three months ended December 31, 2021. The company recorded net charge-offs of $350,000 for the three months ended December 31, 2021, as compared to net recoveries of $67,000 for the three months ended September 30, 2021.
Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company. The Company is the parent company of Westfield Bank (the Bank), CSB Colts, Inc. (CSB Colts), Elm Street Securities Corporation (Elm), WFD Securities, Inc. (WFD) and WB Real Estate Holdings, LLC (WB). The Bank is a full-service, community oriented financial institution offering a full range of commercial and retail products and services as well as wealth management financial products. The Bank also provides a variety of banking services, including telephone and online banking, remote deposit capture, cash management services, overdraft facilities, night deposit services, and safe deposit facilities. CSB Colts, Elm, and WFD are engaged in holding qualified securities. WB is engaged in holding other real estate owned (OREO). The Bank operates about 25 banking offices in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, and others.
WESTERN NEW ENGLAND BANCORP, INC. 
