Home About Archives RSS Feed

Legacy Acquiring Renaissance Investment

Staff Reports

Legacy Banks is entering into a "strategic affiliation" with Renaissance Investment Group LLC of Pittsfield.

The bank, one of the largest in the county, said it plans to purchase 10-year-old Renaissance, making it a wholly-owned subsidiary. According to a statement, Renaissance will continue as an independent investment adviser and will operate separately and distinctly from Legacy Portfolio Management.

Legacy Chairman J. Williar Dunleavy said the investment is a win-win, since both companies will be able offer clients alternatives in financial counseling and investment management.

Renaissance President and Managing Director H. Ashley Smith Jr. said the company's investment philosophy won't change and that clients will continue to see their same investment managers. "We will maintain our name as well as our South Street offices."
 
Renaissance's track record and financial strength attracted Legacy, said Smith.

Both men said a "seamless transition" is expected and that clients should notice no change. The transaction is expected to be completed by April 30.

Legacy Banks is headquartered in Pittsfield and employs 186 people in 19 offices throughout Western Massachusetts and eastern New York. Renaissance lists seven officers and counselors and manages a $95 million portfolio.

Tags: Legacy, Renaissance      

Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
MassWildlife: Avoid Decorating With Invasive Plants
NTIA Approves $14.1M to Boost Statewide Digital Equity
North Adams Holds First Veterans' Christmas Breakfast
Big Lots to Close Pittsfield Store
McCann and Taconic Awarded CTI Grants
Guest Column: An Honor to Serve
Puppeteer To Present 'Little Red Riding Hood' At Ventfort Hall
MSBA Greenlights Pittsfield's Crosby/Conte Proposal
Tri-Town Health Department Relocation
Clark Art Airs Live Production of 'The Magic Flute'

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Qualprint Jobs Tricks Of The Trade Nbt Bank Winstanley Store Opening North Adams Merger Breakfast Unemployment Baldwin Expansion Auction Statistics State Bj's Crane & Co. Small Business Pittsfield Excelsior Talkberkshires Unemployment Statistics Walmart Williamstown Wall Street Sales Tax Berkshire Enterprises Adams Great Barrington Wmeco Social Media Berkshire Chamber Of Commerce Currency Sabic
Popular Entries:
Chamber Drive Nets Donation for Shelter
Pittsfield Jobless Rate at 7 Percent
State Added 12,700 Jobs in July
State Jobless Holds Steady at 7.6%
Excelsior Brings Greeting Card Co. To North Adams
Cranwell Voted Best For Meetings
Super Duper Wally World
Baldwin Brings Berkshire-style Talk to Florida
Chamber Sets Free Workshop on QR Codes
Quality Printing Buys Marketing Franchise
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move