South Shore Bank President Retiring July 1

South Shore Bank president and CEO John C. Boucher will retire effective July 1, 2015, after nearly 42 years with the Bank.  He will be succeeded by James M. Dunphy, who joined the Bank as Executive Vice President in January 2014.

John Boucher

John Boucher

Boucher has served as President and CEO of South Shore Bank since January 2007.  He joined South Weymouth Savings Bank in 1973, which was merged with Weymouth Savings Bank in 1997 to create South Shore Savings Bank.  He served as Vice President of Administration and as Executive Vice President and Chief Operating Officer prior to his promotion to President and Chief Operating Officer in 2000, and to President and CEO in 2007.

A 1973 graduate of the University of Massachusetts Boston, Boucher completed post-graduate programs at the Massachusetts School of Financial Studies, the Graduate School of Banking at Fairfield University and the Executive Development Program at Fairfield University.  He is a member of the boards of directors of South Shore Hospital, the Massachusetts Bankers Association, Cardinal Cushing Centers and Infinex Financial Group, Inc.

James Dunphy

James Dunphy

Prior to joining South Shore Bank, Dunphy served as President and CEO of Hampshire First Bank from 2006 to 2012.  A Certified Public Accountant and Certified Management Accountant, Dunphy began his career in 1987 as a Tax Preparer at Kennedy and Lehan CPAs in Quincy and became a Manager at Grant Thornton LLP in 1989.  In 1997 he joined Granite Bank as Administrative Vice President and Controller, and was promoted to Senior Vice President in 2000.

Dunphy received his BS in Accounting from Bridgewater State University and earned an MBA at Franklin Pierce College.

Share Button

AAA Projects Record Holiday Travel

AAA is projecting that nationwide, 98.6 million Americans will journey 50 or miles from home during the December 23-January 4 holiday travel period, an increase of four percent from the 94.8 million who traveled last year. This is the highest travel for the holiday period on record (AAA data dates back to 2001).

Highlights from 2014/2015 Year-End Holiday Travel Forecast:

  • Holiday travel is expected to total 98.6 million, an increase of four percent from the 94.8 million who traveled last year.
  • Travel volume for the year-end holidays will reach the highest peak recorded by AAA (since 2001).
  • Nearly 91 percent of all travelers (89.5 million) will celebrate the holidays with a road trip, an increase of 4.2 percent from 2013.
  • Air travel is forecast to grow one percent from 2013, with 5.7 million travelers taking to the skies.
  • Low gas prices continue to help boost disposable income this holiday season, with today’s national average price of gas well below $3.00 per gallon.

“’Tis the season for holiday travel, and this year more Americans will join with friends and family to celebrate the holidays and ring in the New Year than ever before,” said Lloyd P. Albert, AAA Southern New England Senior Vice President of Public and Government Affairs.. “While the economy continues to improve at an uneven pace, it seems more Americans are looking forward with increasing consumer confidence, rather than looking back at the recession. This is helping to drive expected travel volumes to the highest level we have seen for the year-end holidays.

“Lower gas prices are filling stockings with a little more cash to spend on travel this year as travelers are expected to pay the lowest prices since 2009,” continued Mr. Albert. “Lower prices are increasing disposable income and enabling families to set aside money for travel this year.”

Close to 4.2 million New Englanders will be among those traveling, with similar increases (3.9 % increase in total travel, 4.2% increase in travel by car) to those projected nationally. Massachusetts alone will account for more than two million travelers.

The calendar is having a positive effect on the number of travelers expected this year. This year the holidays land on a Thursday, creating a holiday travel season that is one day longer than last year’s and the longest since 2008, offering travelers more options for departures and return trips. This flexibility makes it possible for more people to fit holiday travel into their schedules.

With more than 90 percent of holiday travelers driving to their destinations, AAA urges everyone on the road to be extra diligent about the dangers of impaired driving. According to the latest data from the AAA Foundation for Traffic Safety’s annual Traffic Safety Culture Index, one in eight of all licensed drivers who drink at least occasionally reported having driven when they thought their alcohol level might have been close to, or possibly over, the legal limit in the past year.

The survey also reveals 91 percent of drivers consider impaired driving to be unacceptable, with 42 percent reporting that drunk drivers are a bigger problem today versus three years ago.  “Despite the ubiquitous warnings about drinking and driving, especially during the holiday season, an average of one alcohol-impaired driving death occurs every 45 minutes,” said Mr. Albert.

AAA works year-round to educate motorists about driving practices that will help keep them safe and reduce traffic-related crashes and injuries.  PreventDUI.AAA.com is an online resource offering impaired driving facts, transportation alternatives and expert advice.

AAA Southern New England is a not-for-profit auto club with 51 offices in Rhode Island, Massachusetts, Connecticut, New Hampshire and New Jersey, providing more than 3.5 million local AAA members with travel, insurance, finance, and auto-related services.

Share Button

Gasoline Prices Fall 10 Cents

The impact of falling oil prices continues to be seen at the pumps, as gasoline prices in Massachusetts have dropped an average of ten cents per gallon in just the past week, according to AAA Southern New England.

AAA’s December 15th survey of prices in Massachusetts found self-serve, regular unleaded averaging $2.68 per gallon, down ten cents from last week. Prices locally are 25 cents lower than a month ago. The current price is 13 cents more than the national average for self serve unleaded of $2.55. A year ago at this time the Massachusetts average price was 75 cents higher at $3.43.

The range in prices in the latest AAA survey for unleaded regular is 61 cents, from a low of $2.48 to a high of $3.09. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up — every trip, every time.

Today’s local gas prices and their ranges are as follows:

Self Serve                                                Grade

$2.689 ($2.489-$3.099)                                    Regular Unleaded

$2.959 ($2.599-$3.399)                                    Midgrade Unleaded

$3.099 ($2.699-$3.669)                                    Premium Unleaded

$3.379 ($3.199-$3.699)                                    Diesel

Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto AAA.com and clicking on Gas Saving Tips & Tools. AAA members can also obtain a copy of the Gas Watcher’s Guide at their local AAA Southern New England office.

AAA Fuel Saving Tip of the Week

Check the air and fuel filters at least twice a year. Dirty filters increase fuel consumption and can cause poor performance.

Share Button

‘Help For Energy Hogs’ Launches In Quincy

The city of Quincy, in collaboration with National Grid and the award-winning nonprofit HEET, has launched the Help for Energy Hogs program to assist nonprofit organizations –such as preschools and community centers– lower their energy bills and fossil fuel use through upgrading outdated building equipment such as boilers.

“Many of our local nonprofits struggle with aging, inefficient energy systems and high energy bills and Help for Hogs can make a big difference in helping these organizations modernize their energy systems and save money through addressing big ticket items like outdated heating and cooling equipment,” Mayor Thomas Koch said.

The partnership will offer local organizations a unique opportunity to get major energy efficiency work completed at no up-front costs.  The work will be financed through an energy efficiency developer that recoups their investment through the energy-bill savings.  After the investment is paid off, the nonprofit can enjoy the full reductions on their energy bill.

HEET selected RENEW Energy Partners as the participating energy efficiency developer through a competitive review process.  RENEW will pay for the upgrades, as well as own, insure and maintain any measures that they install.

The upgrades would include at least $35,000 worth of work that could include a new heating system, an oil-to-gas conversion, heating systems controls, combined heat and power systems, building insulation, lighting, or other conservation measures.

To participate, Quincy-based nonprofits need to own and occupy the building. At a minimum, organizations should have an annual energy bills (heating + electricity) totaling over $15,000 and a high energy-use per square foot.  Organizations will also need to demonstrate financial stability, be willing to participate in WegoWise (an online energy monitoring site that is free through the program) and provide volunteer support to tell local small businesses –such as convenience store and laundromats– about rebates and free energy-efficiency services available to them through the state.

Audrey Schulman, President of HEET, shared that, “The goal of Help for Hogs is to help the whole community become more environmentally sustainable and economically vibrant. Fossil fuel use is reduced; nonprofits save money so they can deliver more community services, and small businesses benefit through lower energy bills.”

 

Visit www.HelpforHogs.com to learn more about the program.

Share Button

Rizzi On Goldberg Transition Team

Robert Rizzi, the president of the Quincy and South Shore Building Trades, is among the new members of Treasurer-Elect Deb Goldberg’s transition team.

Rizzi is a member of the Local 3 Bricklayers and Allied Crafts Workers. He will serve on Goldberg’s Special Advisory Committee.

Rizzi is a Board Member of the Southfield Redevelopment Authority and Vice President of the AFL-CIO of Massachusetts. He previously served as president of the Archdiocese of Boston Labor Guild.

Share Button