Dividend 

to be paid

PUTNAM — Thomas A. Borner, president and CEO of PSB Holdings, Inc., announced that the Company’s Board of Directors has declared a cash dividend of $.03 per share of the Company’s common stock. 

The dividend will be payable to all stockholders of record as of Feb. 6, 2015, and will be paid on Feb. 24.

"We are extremely pleased to announce resumption of the payment of a dividend,” said Borner. “While the last several years have been challenging, we have emerged as a better financial institution in many ways. We will continue our brand of community banking made easy as we enter our 153rd year of service to all of eastern Connecticut”.

The Company is the majority-owned subsidiary of Putnam Bancorp, MHC, a federal mutual holding company, which owns 3,729,846 of the Company’s outstanding shares.

PSB Holdings, Inc., headquartered in Putnam, is the parent of Putnam Bank, a state-chartered stock savings bank founded in 1862. 

 

PUTNAM — Putnam and Thompson were awarded more than $500,000 total to help support the redevelopment of historically significant brownfield sites.

Last week Governor Dannel P. Malloy announced the Connecticut Department of Economic and Community Development (DECD) has awarded $300,000 to Putnam to support assessment and reuse planning for the Belding Mill on Providence Street and $218,000 was awarded to Thompson to support assessment and reuse planning for the River Mill on Riverside Drive

 In previous rounds of remediation funding, DECD’s Office of Brownfield Remediation and Development (OBRD) has received many applications to assess or remediate mill properties and other historically significant structures, but often there has been limited reuse planning done to consider innovative redevelopment strategies once remediation is complete. In many rural communities, historic mill villages represent the only high-density developments that provide an opportunity for context-sensitive revitalization that minimizes the impacts of economic development on open space, farmlands and other cultural and environmental resources.

 The Historic Brownfield Revitalization Program will provide grants to assess environmental and structural conditions, and conduct community-driven reuse visioning and planning exercises for historically significant brownfield sites.

 Other towns receiving grants include: Bridgeport, Enfield, Haddam, New Haven, Norwich, and Vernon.

“I appreciate the Governor’s continued confidence in the “quiet corner” as we try to assess what type of contamination we are dealing with in the mills left in our area,” said State Representative Danny Rovero (D-Killingly, Putnam, Thompson).   “We need to make an intelligent decision on remediating these mills and getting them to their preferred outcome which is reuse.” 

 

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Honored

Elaine Nelson and Barry Rider were honored at the recent 4-H annual meeting. Courtesy photo.

 

 

 

POMFRET — The Windham County 4-H Foundation President Jane Rider recounted many “Foundation  Firsts” at the foundation’s annual meeting.

“Firsts” included: The first year of enjoying the new front porch facing the lake in front of the lodge, the flagship of the completion of phase one of the lodge renovation project; the first year of the “Camper Scamper”  5K walk/run to benefit the newly created Jim Logee Campership fund;  The second “Camper Scamper” is already scheduled for April 15; the first year of funding from the Ossen Family Foundation to help Latino boys from the Windham area to come to camp as Latino girls do through the Women and Children’s Fund and the receipt of an additional $500,000 from the State Bonding Commission to support Phase 2 of the Lodge project which is currently underway. 

Youth Program Director Heather Logee reported that in  2014,  

campership fund donations  increased by 30 percent which resulted in 15 percent of all campers receiving  some campership support in 2014.  Overall there were 135 more campers in 2014 than in 2013, a trend that the Foundation hopes to continue in 2015.  New in 2015 is a family camp overnight, August 14 and 15.

Foundation members Barry Rider and Elaine Nelson were recognized for their voluntary professional contributions in support of the lodge project by being named co-recipients of the 2015 Founder’s Spirit Award.  Barry has contributed countless hours and expertise as Building Committee chair and has volunteered  his professional  services as  clerk of the works for the lodge project, while Nelson manages the bookkeeping end for the project.  

The current slate of officers was elected unanimously to continue in 2015; Jane Rider, president; J. Marlies Thomen, vice president; Eileen Fritz, secretary and Sandra Ahola, treasurer.    In addition, one new full foundation member and four new associate members were voted in to join the 38 current active full and associate members.  Aili Galasyn and Irene Hutchinson moved from full membership to Honorary membership status and were recognized for their many years of service (44 for Aili and 51 for Irene!!) to the Foundation.  Aili was a 4-H leader and Irene served as camp nurse for 15 years before they became Foundation members.  Their children attended camp and Aili’s grandson will be a counselor in 2015.  Many other Foundation members started out as campers and some are related to the original Foundation members who started the camp in 1954.