2 - February 10, 2012 | Salem Community Patriot ‘Caveat Emptor’ and ‘Beware of Greeks Bearing Gifts’
by Jay Hobson The two clichés in the headline above
The following area students have been named to the Dean’s List for the fall 2011 semester at the University of Vermont: Brett S. Berthel, a first-year student majoring in Japanese in the College of Arts & Sciences; Alan L. Leggett, a first-year student majoring in Biochemistry in the College of Arts & Sciences; and Susan E. Leggett, a senior majoring in Biochemistry in the College of Arts & Sciences. The following residents have been named to the Dean’s List at the
University of New Hampshire for the fall semester: Tony AbouJaoude (Highest Honors), Lauren Alfano (Highest Honors), Dallas Alicea (Highest Honors), Richard Bernardi (Honors), Ronak Bhatia (Honors), Cynthia Bowles (Honors), Kathryn Boyle-Steed (Honors), Ruthann Breen (High Honors), Darren Brown (High Honors), Kasey Brown (Highest Honors), Carl Bumbaca (Honors), Nicole Camuso (High Honors), Lauren Carney (High Honors), Jordan Ciaraldi (Highest Honors), Christina Clemente (Highest Honors), Brianna Cole (Highest Honors), Janelle Costigan (Highest Honors), Sean Daher (High Honors), Shayla DeRosa (Honors), Amy Desrosiers (Highest Honors), Jocelyn Dion (Honors), Melisa Donovan (Highest Honors), Ethan Duane (High Honors), Jennifer Dunne (Highest Honors), Michael Fillipon (Honors), Joshua Frederico (Honors), Nicholas Frederico (Honors), Jonathan Gallant (Highest Honors), Molly Ganley (Honors), Stephanie Gibbons (Honors), Brian Gioia (Honors), Kyle Godfrey (High Honors), Joanne Marie Graffeo (Honors), Jonathan Gray (Honors), Brittany Haidaichuk (Highest Honors), Ellen Haynes (High Honors), Meredith Hopkins (Honors), Taylor Hughes (Highest Honors), Saige Jutras (Highest Honors), Derek Kelly (Honors), James Kersey (Honors), Amy Landry (Honors), Alyssa LeBlanc (Honors), Kayla Livingston (Highest Honors), John Lyons (High Honors), Todd MacPherson (Honors), Joshua Marks (High Honors), Jacquelyn Mayo (Honors), Brett McCafferty (High Honors), Paige McCarthy (High Honors), David McEneaney (Honors), Gabrielle Mele (High Honors), Elizabeth Merriken (High Honors), Jonathan Merrill (Honors), Kristina Monteiro (Highest Honors), Erika Moretti (High Honors), Joseph Mosher (Highest Honors), Jacqueline Mundry (Highest Honors), Melissa Norton (Honors), Julia O’Brien (High Honors), Justin O’Brien (Honors), Eileen O’Leary (Honors), Sarah Oliveira (High Honors), Nicolas Palmisano (High Honors), Nicholas Pearson (Honors), Eric Poulin (High Honors), Samantha Ring (High Honors), Ellen Rodriguez (Honors), Kassia Russell (Highest Honors), Christopher Schwab (High Honors), Nicolette Schwab (Highest Honors), Ryan Shelley (Highest Honors), Trevor Sidney (High Honors), Nicholas Silva (Honors), Linnea Simm (Honors), Brendan Slein (High Honors), Connor Slein (Highest Honors), Alexander Stewart (High Honors), Haeley Stewart (Honors), Edward Tan (Honors), Erica Tilton (Highest Honors), Michaela Tremblay (Highest Honors), Leeann Vadala (High Honors), Brian White (Honors), Samantha Wholley (Highest Honors), Michaela Wojtas (Honors), Sarah Yunes (Highest Honors). Springfield College has named the following residents to the dean’s list for academic excellence for the fall term: Julia Cone (Health Science/Pre-PA), Mark Hatfield (Human Services), and Connor McGuire (Health Science/Pre-PA).
are warnings that need to be heeded by some segments of the public that tend to trust the large organizations that they do business with, especially banks and financial organizations and others. The first is “caveat emptor” which is Latin for “buyer beware” and the second, “beware of Greeks (or anyone for that matter) bearing gifts” is a reference to the Trojan Horse, where, in a strategy of deception, the Greeks sent their enemy, the Trojans, who by all accounts had appeared to defeat them in battle, a “tribute” which was a statue of a horse. Unknown to the Trojans, the statue was filled with Greek
soldiers. The Trojans brought the gift from the ‘vanquished’ enemy into their city and as they slept, the Greeks exited the statue and in the middle of the night attacked the city of Troy from within. Here’s the modern day version. Stephen Pappas was unhappy with his bank and withdrew his funds. He then opened an account at a credit union and received the option of either a camcorder or a $100 gift card. Pappas chose the gift card. At the end of the year, Pappas realized that the gift card was a gift that kept on giving as he now received a 1099 tax form - he has to pay taxes on his gift. “What gets me is that the gift cards and camcorders were probably bought by the
Jamie Gabriel Appointed as Senior Vice President of Human Resources at Enterprise Bank
submitted by Enterprise Bank Jamie Gabriel, a well-known community banker, was recently named Senior Vice President of Human Resources at Enterprise Bank. Jamie has 13 years of commercial banking experience in the human resources area. She completed Enterprise Bank’s Management Trainee Program in August of 2000 and has increased responsibilities at Enterprise Bank each year. Jamie is a graduate of the University of Massachusetts-Lowell
(B.S.), Suffolk University (M.S.) and earned her certification as a Professional in Human Resources (PHR) from the Society of Human Resources Management Certification Institute. According to CEO Clancy, “Jamie’s promotion is due to continued learning, superior judgment and strong management skills. She has the talents needed to attract high caliber employees to Enterprise Bank. Jamie oversees an office of nine human resource professionals and provides staffing to the entire Enterprise Bank community. In addition, Jamie has superior interviewing, recruiting and hiring skills and has a deep knowledge of all areas of banking operations. Jamie and her husband, Kenneth, live in Salem with their family. She currently is a board member and human resources committee chair of the Boys & Girls Club of Greater Salem. Enterprise Bank has 18 full-service branch offices located in the
Massachusetts cities and towns of Lowell, Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Leominster, Methuen, Tewksbury, and Westford, MA, and in Hudson, Salem and Derry. Enterprise will open in Pelham in February 2012. As of December 31, 2011, assets were posted at $1.4 billion. Total assets, investment assets under management and mortgage loans serviced totaled $2.0 billion. Enterprise Bank and Trust Company is listed on the NASDAQ Global Market under the stock symbol “EBTC.” For further information on Enterprise Bank, log on to our Website at EnterpriseBanking.com
credit union in bulk so they were probably bought at a discount, on top of that they were given out as a business promotion and written off their taxes, but I have to pay a tax on the card’s full value,” Pappas said. According to tax accountant and financial planner Tyler Buck of Salem Tax and Financial Inc., 51 Main St., Pappas does indeed owe the tax. “If there’s anything good that can come out of this, it is that even though the IRS sees the gift card as taxable income, it is not subject to self-employment tax as are some 1099 forms,” Buck said. There is a lesson here: this is one gift horse that should have been looked in the mouth.
Elks Office of the Year awarded to Joseph Morawski, Jr.
Joseph Morawski, Jr., being presented with plaque for Office of the Year from PER Joe Hugh.
submitted by Louise Landry The Past Exalted Association of the Derry-Salem Elks Lodge 2226 each year pick one officer to receive the honor of Office of the Year. This is presented to the Office who has shown devotion and dedication the lodge and the works that have been done during the current year. The award this year was presented to Joseph Morawski, Jr., the Current Lecturing Knight.
Malley Electric I Heart the Manager! at Pentucket Bank’s Salem Branch!
Join us as we introduce our new Sr. Branch Manager
Kevin Collins to our community!
Kevin has over 30 years of business operations experience, the last seven in the retail / commercial banking industry. Prior to joining Pentucket Bank, Kevin held the positions of senior small business specialist, commercial relationship manager and credit liaison for the state of New Hampshire.
Pentucket Bank is pleased to have Kevin on board! To contact Kevin:
~ (603) 894-7810
Visit Pentucket Bank’s Salem Branch
234 No. Broadway, Salem During the Week of
and introduce yourself to Kevin for a chance to win a
Play & Stay Getaway at Atkinson Resort & Country Club! *Must be 21 or older to be eligible to win. You must meet Kevin during Pentucket Bank business hours to enter the drawing. One entry per person.
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Haverhill, MA Hampstead, NH Salem, NH (978) 372-7731 (603) 329-7333 (603) 893-3588 www.pentucketbank.com
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