Business in Brief: Dec., 9, 2012

S. Alexander Pellish and Mark J. Steffen, financial advisors with Ameriprise Financial in Groton, have been named recipients of the 2012 Five Star Wealth Manager award by Five Star Professional. The award goes to less than 7 percent of the wealth managers in the region based on research administered by Five Star Professional, a third party research firm. To receive the 2012 Five Star Wealth Manager award, a wealth manager must meet 10 objective eligibility and evaluation criteria associated with providing quality services to clients including client retention rates, client assets administered, firm review and favorable regulatory and complaint history.

For more information, contact Pellish or Steffen at 495 Gold Star Hwy., Suite 100, Groton, 06340 or by phone at (860) 445-2045.

Liberty Bank has made a $5,000 donation on behalf of its customers to Read to Grow, a Connecticut-based nonprofit dedicated to early childhood literacy.

The bank will supplement the donation with a book drive in its 44 branches in central and shoreline Connecticut through Dec. 14. The public is invited to bring new and gently-used children's books to any Liberty Bank branch during this time.

F&F Distributors is handling Batch 19, a new project from Coors Brewing. A few years ago an old recipe book was found in the basement archives of a Coors brewery. The book dated back to pre-Prohibition times. Coors reformulated the recipe and called it Batch 19, inspired by the beers that were brewed before 1919. Coors says that Batch 19 is brewed using Hersbrucker hops for a subtle, herbal aroma and Strisslespalt hops for notes of black currants. For more information

Scott A. McCaughey has been named vice president and commercial lending officer at and Robert R. Kent has been appointed Senior Vice President and Commercial Lending Team Leader for Westerly-based Washington Trust Co.

McCaughey, of West Warwick, R.I., will be responsible for developing and maintaining commercial banking relationships throughout the bank's market area.

Kent, of Franklin, Mass., will be responsible for leading the Providence-based commercial lending team, as well as oversight and continued development of the credit underwriting staff. Additionally, he will oversee changes to the commercial credit underwriting template, enhanced pipeline reporting, and implementation of the new customer relationship management system.

Both will be headquartered at Washington Trust's Weybosset Street Office in Providence.

Lisa M. Berube has joined Essex Savings Bank as Assistant Vice President, Branch Manager of the Chester office located at 203 Middlesex Ave.

Berube most recently served as Branch Manager at the Chester Branch of Bank of America. She is a member of the Deep River and Chester Lions Club, serves as treasurer for the Salvation Army Mid-Middlesex County Service Unit, and is a member of the Mount Saint John Gala Committee.

Essex Savings Bank opened its sixth branch Dec. 3, within the Chester Town Hall building. Berube will be joined by Sarah May, Karyn Shultz, Isabel Roberge and Jennifer Frohlich.

Lee's Toy & Hobby is celebrating 60 years in business this holiday season. The Marcus and Hendel families started the business in New London in 1952 and opened its current location in 1962. Sixty years later, Lee's is still owned and operated by the Marcus family. Last year, Lee's expanded its brick-and-mortar store to include an E-commerce website (, a Facebook page, a Twitter account and a blog.

For more information, call 860-445-4411 or email Lee's is located in the Groton Shoppers Mart with Big Y and Groton Cinemas. Hours of operation are 9:30 a.m.-5:30 p.m. Monday through Saturday and 11 a.m. to 4 p.m. on Sundays.


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