News: Financial Digest

Brown promoted to senior vice president, chief financial officer at Essex Savings Bank

Debra Brown

Essex, CT According to Diane Arnold, president and CEO of Essex Savings Bank, Debra Brown has been promoted to senior vice president, chief financial officer in the wake of the current senior vice president chief financial officer Shawn Honan’s pending retirement. 

“Deb has held a key position in the accounting department as the assistant treasurer/controller for 23 years, and is well positioned to seamlessly step into the role of treasurer/chief financial officer,” said Arnold.

Brown began her career at Essex Savings Bank as the accounting department supervisor in March of 1995. In 1999 she became a bank officer followed by a promotion to controller in 2000 and assistant vice president shortly thereafter. In 2005, Brown was promoted to vice president/controller.

Brown is active in the community, and is currently serving as a team leader for the non-profit organization, Angel Ride Inc., since 2009 and served on their board as treasurer from 2010-2019. For her volunteerism, Brown received the Community Foundation of Middlesex County Unsung Hero award in 2018. 

Brown is a member of the National Financial Managers Society Inc. She is a graduate of the University of New Haven where she earned a bachelor of science in financial accounting. In 1999, she graduated from the Connecticut School of Finance and Management. She and her family currently reside in Killingworth, Conn.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary