SalemNews.com, Salem, MA

Business

March 19, 2014

Business Briefcase

(Continued)

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Marvin Design Gallery by North Shore Window Solutions has appointed Eric Salmi as a sales representative and product specialist. Salmi most recently worked at Concord Littleton Lumber and National Lumber. The store, located in Middleton, deals in all facets of the millwork industry.

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Cathryn Kent has joined Beverly Bank as vice president, commercial credit officer. Most recently, Kent was vice president/portfolio manager at Eastern Bank in Lynn. She has a bachelor’s degree in business management from Westfield State College and a master’s in personal financial planning from Bentley University. She is working toward a master’s in finance.

Milestones

Eastern Bank Corp. has signed an agreement to acquire Centrix Bank & Trust in an all-cash transaction valued at approximately $134 million. The transaction is subject to the approval of regulators and Centrix shareholders and is slated to be completed this fall. Following the merger, Centrix President and CEO Joseph Reilly will remain with Eastern Bank, serving as regional president for New Hampshire. Based in Bedford, N.H., Centrix is a full-service commercial bank. Eastern Bank has branches in Beverly, Danvers, Marblehead, Peabody, Salem and Swampscott.

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The Massachusetts Department of Housing and Community Development has awarded Salem-based North Shore Community Development Coalition with $80,000 in 2014 tax credits as part of the Community Investment Tax Credit Program. North Shore CDC will use the tax credits to incentivize $160,000 of donations to support the agency’s target communities, which include Salem’s Point Neighborhood, Beverly’s Gloucester Crossing Neighborhood and Peabody’s downtown. Funds will specifically support the expansion of the youth workforce development program, development of affordable housing and leadership development programs for North Shore residents.

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C.R. Lyons & Sons is one of 153 firms to receive the 2013 Pursuit of Excellence Award from the National Funeral Directors Association. To earn the award, a funeral home must meet or exceed business standards set by the program and demonstrate proficiency in key areas of funeral service. C.R. Lyons & Sons is a family-owned and operated funeral home in Danvers that has served local communities for more than 80 years.

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Lahey Hospital & Medical Center in Burlington, the flagship hospital of Lahey Health, was named one of the nation’s 100 Top Hospitals by Truven Health Analytics. Lahey Health is a physician-led, nonprofit hospital and group practice organization with locations in Beverly, Danvers, Ipswich, Peabody and South Hamilton.

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