SalemNews.com, Salem, MA

Business

April 28, 2007

Business Briefcase

Keep Lapels Clothing Drive, which benefits the Big Brothers Big Sisters Foundation, will begin May 5 and go through May 13. You can take your gently worn clothing and extra households linens to your local Lapels store during regular business hours and place them in the receptacles designated for Big Brothers Big Sisters donations.

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The Beverly Airport's North Atlantic Air received national recognition when it was named AVweb's "FBO of the Week." An FBO-fixed operator provides fuel, maintenance services and support facilities for locally based and transient aircraft, flight crews, and passengers. AVweb is a popular, nationwide Web site for pilots and aircraft owners appearing online twice a week. North Atlantic Air was nominated by Beverly-based pilot Steven Swartz for its dedication and service during the mid-February ice storm.

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George M. Bowen, Francis P. (Mike) Garvan, CFP, and John J. Gregorio, CFS, have recently joined the office of Capital Management Partners LLC, a financial services firm headquartered in Peabody.

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The U.S. Department of Health and Human Services is pleased to announce the appointment of Brian P. Golden as regional director for Region I-New England, based in Boston. A lifelong Massachusetts resident, Golden most recently served as a commissioner of the Massachusetts Department of Telecommunications and Energy.

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Beverly Cooperative Bank, a business partner with Salem's Saltonstall School, recently donated $1,500 to the grammar school. The money will be used to support math and literacy skills programs for selected Saltonstall students. The goal of the programs is to improve the students' math and language skills as well as to help prepare the students for MCAS.

The bank sponsored a similar program last year that helped Saltonstall School's MCAS literacy scores improve significantly, according to Saltonstall School Principal Margaret Howard.

Beverly Cooperative Bank is continuing to work with Howard to determine additional ways in which the bank and its employees could help make a positive difference with the schoolchildren.



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James Femia has been awarded the Certified Senior Advisor designation from the Society of Certified Senior Advisors.

The CSA designation signifies training in understanding the financial, health and social issues that seniors face. The society is an international organization that has trained more than 20,000 professionals to meet the changing needs of a growing senior population.

Femia, a resident of Marblehead, is a senior investment consultant with Sentinel Benefits in Wakefield. Femia specializes in providing independent, fee-based investment and retirement planning advice and services to his clients.

As a CSA, Femia will participate in continuing education that emphasizes ethical selling and business practices and volunteer services specific to seniors. He also is a certified accredited asset management specialist, chartered retirement planning counselor and an accredited investment fiduciary.

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Converge, a Peabody-based independent distributor of electronic components, technology products and supply chain services, recently announced that Electronic Business ranked the company as the top independent distributor of electronic components and supply chain services in its annual "Top 25 North American Electronic Component Distributors" rankings.

Converge was also the only independent distributor to rank in the top 10 of overall electronic components distributors in North America.

Over the course of the last year, Converge significantly broadened its worldwide presence to support increasing market demand for its distribution services. In January, the company opened a new office in Tokyo, which followed the company's expansion into Dusseldorf, Germany and Herzlia, Israel, in December 2006.

The Electronic Business rankings were based on revenue figures and other growth metrics supplied by each company for 2006. Rounding out the top 10 were nine franchised distributors of electronic components and Converge, which was the only independent distributor to place within the top 10.

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