Chittenden Bank Donates $10,000 to the Vermont Fuel Dealer Association’s Patch/Chit Neighbor-in-Need Program

first_imgPeople’s United Bank,Founded in 1963, the Vermont Fuel Dealers Association (VFDA) represents more than 100 independent heating fuel dealers in the state, that have first hand experience with the growing need for fuel and heating assistance in our communities.  The Patch Chit/Neighbor-in-Need Program has responded to emergency home fuel situations statewide for over 20 years, and serves as a “safety net” for Vermonters who do not qualify for state sponsored heating assistance programs, but find themselves in dire need.  The Patch Chit Program was created in honor of the late David Patch, the owner of Patch’s Petroleum, who was a dedicated and generous community servant.   Currently underway is the “Split the Ticket” campaign, which shares the cost of the fuel delivery ticket 50/50 with the participating Patch Chit/Neighbor-in-Need Program fuel dealer.  VFDA members who take part in this program agree to donate a delivery of up to 150 gallons of heating oil, kerosene or propane to one of their own customers.  If the fuel dealer is unable to indentify a needy customer for “Split the Ticket”, the VFDA will work with other local non-profit organizations to find a recipient.  “Thanks to the generosity of Vermont Fuel Dealers, along with local businesses such as Chittenden Bank, the VFDA’s Patch Chit “Split the Ticket” campaign will provide more than 4,000 gallons of heating fuel for Vermonters in need,” said Matt Cota, Executive Director of VFDA.”Chittenden Bank is proud to continue our commitment to the wellbeing of fellow Vermonters by donating $10,000 to the Vermont Fuel Dealers Association’s “Split the Ticket” campaign.  Nothing is more fundamental than food and fuel, and this year, more than ever, people will need help keeping warm,” said Kathy Schirling, Chittenden Bank Senior Vice President.About the VFDAVFDA represents companies in the business of keeping Vermonters warm.  VFDA members sell heating oil, Bio-Heat®, diesel, biodiesel, gasoline, kerosene, wood pellets and propane. Members also sell, install and service a variety of heating systems.  VFDA is Vermont’s leading provider of training for energy conservation analysts and heating technicians.  For more information visit www.vermontfuel.com(link is external) or call 802-223-7750.About Chittenden BankChittenden Bank, which has proudly served individuals and businesses statewide since 1906 is a division of People’s United Bank, a federally-chartered savings bank with $20 billion in assets. People’s United Bank provides consumer and commercial banking services through a network of more than 300 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and New York. Through additional subsidiaries, People’s United Bank provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.  For more information please call 800-545-2236 or visit www.chittenden.com(link is external).last_img read more

Commission calls for Solvency II rule change to boost infra spending

first_img“These targeted changes to the Solvency II Delegated Regulation will further support investment in infrastructure.”Solvency II regulations – introduced across Europe at the start of last year – require insurance companies to hold cash buffers on their balance sheet to offset the risk posed by different types of investment.The capital requirement for infrastructure projects was reduced last year.Insurance Europe, the continent-wide trade body for the sector, has lobbied in the past for a less restrictive approach to infrastructure investment within the Solvency II rules.Two years ago, responding to the first consultation about the creation of the CMU, Insurance Europe called for a “flexible definition” of infrastructure as an asset class and changes to the definitions of infrastructure-related debt and equity.In December 2015, the former EU commissioner for financial stability Jonathan Hill made the case for supporting insurance company investment in infrastructure.“By making changes to Solvency II, we can define infrastructure as an asset class and reduce the capital ratios associated with it by about one-third,” he said at the time.Meanwhile, the Commission also confirmed plans to press ahead with a legislative proposal for a pan-European personal pension product Insurers may have to hold less capital against infrastructure companies as part of a bid by the European Commission to secure more funding for the asset class.The proposal to alter Solvency II rules was announced as part of the Commission’s mid-term review of the development of the Capital Markets Union (CMU).It said it wanted to “encourage long-term investment” and would do so through a review of “prudential calibration for investments in infrastructure companies”.“We propose reducing the amount of capital that insurance companies need to hold when they invest in infrastructure corporates,” the Commission said in a statement.last_img read more

Ziemke’s bill expanding addiction, mental health resources could soon be law

first_imgIndianapolis, In. — After receiving unanimous support in the House and Senate, Republican state representative from Batesville Cindy Ziemke’s legislation allowing more qualified health professionals to work without burdensome oversight could soon become law.According to Ziemke, licensed social workers, mental health counselors, clinical addiction counselors and marriage and family therapists have the skills necessary to administer outpatient treatment to patients struggling with addiction or mental health. However, these health professionals in Indiana must currently have additional oversight from a doctor.“These barriers push qualified clinical social workers to look for work in other states with this law already in place,” Ziemke said. “Indiana should provide them the flexibility to administer treatment plans to those struggling with addiction or mental health issues. Our state faces a workforce shortage in the health care field, and this legislation could help attract qualified individuals to work in our communities.”Ziemke said these licensed professionals would need to possess a master’s degree to offer outpatient treatment to patients.House Enrolled Act 1175 is now eligible for action by the governor. For more information, click here.last_img read more

Grant guides Syracuse to win with 8 in overtime, career-high 24 overall

first_img Published on February 2, 2014 at 3:25 pm Contact Trevor: tbhass@syr.edu | @TrevorHass Facebook Twitter Google+ When Amile Jefferson and Jabari Parker fouled out, 6-foot-8 forward Rodney Hood became Duke’s center.The Blue Devils’ next-tallest player was 6-foot-5 guard Andre Dawkins. He was tasked with guarding the 6-foot-8, ultra-athletic Jerami Grant.Dawkins had absolutely no chance.Grant ripped off eight points in overtime — including three dunks in a row — en route to a career-high 24 points to go with 12 rebounds. C.J. Fair was the star of the night, but Grant was a consistently dominant second option. His inside presence guided No. 2 Syracuse (21-0, 8-0 Atlantic Coast) to a thrilling 91-89 overtime win over No. 17 Duke (17-5, 6-3) on Saturday, in front of a record-setting 35,446 in the Carrier Dome.“Jerami’s a weapon we have,” SU point guard Tyler Ennis said, “and I think we don’t utilize him a lot.”AdvertisementThis is placeholder textOn the majority of teams in the country, Grant would be the No. 1 option.He’ll likely be a lottery pick next year, and he’s one of the most explosive players in the country. But on Syracuse, he’s the third option, as Ennis and Fair often run the show.On Saturday, Grant was sensational, shooting 7-of-11 from the field and 10-of-10 from the free throw line.After an up-and-down first half, Grant was unstoppable in the second frame. He shot 4-of-5, including a sweet jumper off a pass from Ennis.Yet most of his work came in overtime with the game on the line.“Jerami Grant picked it up,” head coach Jim Boeheim said. “They had the little guard in there. He was able to get post down low and get some buckets in the overtime.”Those buckets all came in succession — one throwdown after the next.With Syracuse down 81-78 and in desperate need of a basket, Grant called for the ball inside. He swiveled his body around Dawkins, who frantically tried to cling to Grant before helplessly tumbling out of bounds.The only man Grant had to beat was Hood, who came over to help on the play. They were the same size, but Hood couldn’t jump like Grant. Not even close.So Grant took one power dribble, rose up and flushed it. Right in Hood’s eye.Then he caught a pass in transition from Ennis, shielded Dawkins once again, and stuffed it. He pointed his finger at Ennis as he glided downcourt.“Makes me feel good,” Grant said. “After I got the first dunk down, they just kept feeding me and I kept getting easy layups.”Syracuse made a conscious effort to work the ball inside all game. Duke took a whopping 36 3s, while the Orange shot just four. There was a clear contrast in styles.SU shot 57.4 percent from the floor, but the Blue Devils hung around by way of the 3 ball. Whenever Duke hit from downtown late in the game, Fair or Grant would counter inside or from mid-range.At the end of regulation it was Fair. In overtime, it was Grant.SU guard Trevor Cooney said it’s extremely difficult to guard Grant in the post. For a player who used to just be raw, now his game is polished. The only thing Cooney and Ennis had to do was feed him the rock.“They were all pretty much just twos and 3s out there,” Cooney said. “Then you’ve got Jerami, who’s as big as a five on most teams and you just give him the ball.”On a magical night in the Carrier Dome, Grant helped seal the win that gave Syracuse its best start in school history.He was the spark Syracuse needed on Saturday, and the spark he has the potential to be on a nightly basis going forward.Said Ennis: “We wanted to keep going to him as long as possible.” Commentslast_img read more