Simsbury Bank is pleased to announce that the Bank and UConn School of Business jointly hosted the next in their series of Family Business programs.  This session in the series, held November 27th at the Delamar West Hartford, was focused on issues surrounding transitioning a closely held or family owned business to the next generation.  A panel of subject matter experts provided insightful discussion as well as tips and tactics for planning and executing a successful hand-off to the next generation.  Questions were taken from the audience which was comprised of owners and other stakeholders of family businesses.

Martin Geitz, President & CEO of Simsbury Bank, said, “Simsbury Bank’s strategic partnership with UConn’s School of Business’s Family Business Program to provide education and consulting for family owned businesses addresses one of the brightest spots in our economy. The panel at this session provided a highly informative discussion of the opportunities for and challenges facing family-owned businesses contemplating the generational transition, from the perspective of their own experience in their businesses or as working with clients. We appreciate their time and expertise.  I also want to thank Dean Elliot for his participation in the forum and for his continuing partnership with Simsbury Bank.” 

The experts on the panel were Sabrina Beck, Co-owner and Vice President, Altek Electronics; Don Bodell, Partner, Whitman Advisors, Coleman B. Levy, Consultant/Advisor, Founding Partner of Levy & Droney, PC and Philanthropist; and Meghan Summers West, President, CNC Software, Inc.  The moderator was John Elliot, Dean of UConn School of Business. 

Future sessions in this series, on a variety of topics relevant to family businesses, will be scheduled.  Anyone wishing to be on the mailing list to receive an invitation should contact Simsbury Bank at 860-651-2081 or visit the Contact Us page of SimsburyBank.com. 

Simsbury Bank is an independent community bank for consumers and businesses based in Connecticut.  Simsbury Bank Home Loans is a division of Simsbury Bank serving the home financing needs of consumers throughout Southern New England.  Simsbury Bank is wholly-owned by publicly traded SBT Bancorp, Inc., whose stock is traded on the OTC Pink marketplace under the ticker symbol of SBTB.  For more information, visit www.simsburybank.com.

 

 

 

 

 

 

 

 

 

Pictured: (left to right) Coleman B. Levy, Consultant/Advisor, Founding Partner of Levy & Droney, PC and Philanthropist; Robin Ann Bienemann, UConn School of Business Entrepreneur in Residence; John Elliot, Dean of UConn School of Business; Meghan Summers West, President, CNC Software, Inc.; Martin Geitz, President & CEO of Simsbury Bank; Sabrina Beck, Co-owner and VP, Altek Electronics; and Don Bodell, Partner, Whitman Advisors.

 

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