2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Corporation”) is pleased to announce that its wholly-owned subsidiary has entered into a share purchase agreement dated May 5 2025 (the “Share Purchase Agreement”) with Iain Hayden (the “Vendor”) to acquire all of the shares (the “Purchased Shares”) of Northfield Aviation Group Inc (“Northfield Aviation”) not already owned by Spruce Goose Spruce Goose will cause the Corporation to issue to the Vendor 60,000 Class A restricted voting shares of the Corporation (the “Consideration Shares”) at a deemed issue price of C$5.23 per share Northfield Aviation is an indirect subsidiary of the Corporation in which Spruce Goose already holds a majority (91%) voting ownership interest an aggregate of 9,357 Class A common shares and 22,303 Class B common shares in the capital of Northfield Aviation) represent the remaining 9% voting ownership interest in Northfield Aviation not already owned by the Purchaser Upon completion of the Proposed Transaction the Purchaser will hold a 100% ownership interest in Northfield Aviation Completion of the transactions contemplated by the Share Purchase Agreement (collectively the “Proposed Transaction”) remains subject to a number of conditions including the approval of the TSX Venture Exchange (the “TSXV”) and the satisfaction of other customary closing conditions There can be no assurance that the Proposed Transaction will be completed as proposed or at all Subject to the satisfaction and/or waiver of all closing conditions the Proposed Transaction is expected to be completed on or about May 8 The Consideration Shares are not subject to resale restrictions under applicable Canadian securities laws The Vendor is a director of Northfield Aviation is a Non-Arm’s Length Party (as such term is defined in the policies of the TSXV) in relation to the Corporation and a “related party” of the Corporation pursuant to Multilateral Instrument – 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) The issuance of the Consideration Shares to the Vendor constitutes a “related party transaction” within the meaning of MI 61-101 and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV (“Policy 5.9”) (which incorporates the requirements of MI 61-101) the Corporation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 at the time the Proposed Transaction was agreed to neither the fair market value of the subject matter of nor the fair market value of the consideration to be delivered by the Corporation for exceeded 25% of the Corporation’s market capitalization CA Chief Financial Officer Telephone: (416) 628-5940 Forward-looking information is included in this news release Forward-looking information is identified by the use of terms such as “anticipate” and “should” and similar terms and phrases Such information may involve but are not limited to statements with respect to the Proposed Transaction as well as the anticipated timing for the completion of the Proposed Transaction are based on assumptions and are subject to important risks and uncertainties predictions or forward-looking information cannot be relied upon due to changing external events and general uncertainties of the business and its corporate structure Results indicated in forward-looking information may differ materially from actual results for a number of reasons The forward-looking information contained herein are subject to change Northfield disclaims any intention or obligation to update or revise any forward-looking information except as required under applicable securities regulations Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release Peter Kaspari is a blogger and a freelance reporter he has written for newspapers in both Iowa and Illinois including spending multiple years covering crime and courts he served as the editor for The Lake Forest Leader Peter is also a longtime resident of Wilmette and New Trier High School alumnus Barbara Brassor is a win-win for Northfield and spent decades serving in our community as town clerk tax collector and gave assistance with elections caring about the future of Northfield for our kids and grandkids She is retired and ready to commit to the Selectboard with “common sense solutions.” you agree with our use of cookies to personalize your experience measure ads and monitor how our site works to improve it for our users Last week, KYMN aired a news special about the Ice Arena Project, and this week during the news, we will be highlighting some of the important topics covered. You can find the full show here we are answering the question of who will own and operate the Northfield Ice Arena With several partners involved in the project questions have been raised about who will own the arena The land for the project is currently owned by the Northfield Hockey Association which will then donate the land to the City of Northfield The physical structure of the Ice Arena will be owned by the City of Northfield’s Economic Development Authority (EDA) The Economic Development Authority is one of the City of Northfield’s boards that advises and works with the city The Mayor and City Council appoint the members of the EDA and utilize city staff Northfield City Administrator Ben Martig stated that they are using the EDA for the ice arena project because it is a common tool for cities to use: “The City of Nothfied has actually used this tool in the past I believe for the swimming pool project that they’ve done this financing before This is not an unusual thing done in other cities This is pretty common because this is one of the debt tools that can be done.” – Ben Martig Martig stated that the EDA will serve as the way for the city to borrow the money but that facility will remain a public one controlled and operated by the City:  “They’re basically a conduit to issue the debt and the city will be the owner of the land underneath but we’ll own the land underneath as a city and then they’ll be leasing that land during the life of the bond to the EDA The EDA is going to own the building and lease it to the city.  So in the end it’s kind of like a lease purchase arrangement where at the end of the bond term it all ends up back in the city of Northfields’ ultimate responsibility.”  – Ben Martig The City of Northfield will maintain the operations of the arena and lease agreements for the space City Councilor Jessica Peterson-White stated that it was important the EDA was given this tool for economic development:  “I think it’s also important to note that it’s conceptually meaningful that the EDA has this tool Building things in a community is good for the local economy That’s why the state statute and our Charter say that this is something the EDA can do and a large part of the role of EDA’s across the state is to provide funding mechanisms for people to build things.” – Jessica Peterson-White Martig also stated that the Hockey Association and School District will pay ice rates for using the space and that they will not have a controlling stake in the arena News Director | Logan@kymnradio.net Last week KYMN aired a news special about the Ice Arena Project The City of Northfield is encouraging residents who have lawn care responsibilities to register for Less Mow May.  Formerly known as No Mow May 2025 @ 3:00 pm – Northfield Handbell Choir spring free concert Come for a few pieces or for the whole concert 2025 @ 5:30 pm – 7:00 pm – Artmakers Community free Sing-Along – Make a Joyful Noise 5:30-7pm at Imminent Brewing in Northfield Playing your old-time favorite gospel tunes sing to high heaven…or just listen and enjoy 2025 @ 11:00 am – 12:30 pm – Northfield Beaver Fest – Saturday build homes and dams to change ecosystems around them Sometimes beavers shape the landscape in ways humans don’t like–such as taking down trees 2025 @ 6:00 pm – 9:00 pm – Venue: 418 Sumner St E. Enter Door #5 (fellowship hall) Hosts: Board and Ambassadors of the Friends of College Monfant assisted by many community volunteers Menu: Bouchées à la Reine catered by Ruth’s on Stafford Program: Carleton College African Drum Ensemble Presentation of Projects by Board […] I am writing to express my strong support for Dan Campbell as the most qualified candidate to fill the vacant seat on the Northfield Selectboard He is conscientious and dedicated as evidenced by his long service to the town As a member of the Finance Committee for over 20 years he possesses a deep understanding of our town and school budgets our financial strengths and vulnerabilities and a keen awareness of the pressures and concerns of Northfield taxpayers As town clerk for 10 years and assistant town clerk for two years he knows the townspeople and has served as part of the excellent Town Hall employee team that our town administrator has built over the past several years he was co-chair of the Pioneer Valley Regional Building Committee during a period of renovation and expansion I recognize that these are impressive qualifications for a Selectboard candidate what really makes Dan the best candidate for this position is his ability to work with people his sincere interest in our town and his honesty He understands the importance of treating citizens town officials and employees with respect and possesses openness to new ideas He is the candidate who is supportive of professional town management and will work with our town administrator and other members of the Selectboard to move the town forward Please vote for Dan Campbell for NorthfieldSelectboard we will be highlighting some of the important topics covered The 4 partners involved in the Ice Arena Project are the City of Northfield and City of Dundas responsible for the main construction cost as one of the largest users and renters of the facility which donated the land and approximately $4 million to the project Today we are answering the question about why the City of Dundas is getting involved in the ice arena project especially considering that the arena isn’t located in Dundas Jenelle Teppen cited that the two cities share a school and a common goal of providing resources for young people in the community:  “We have the same goals as Northfield and the school district have in terms of providing activities for school children and there are a number of hockey players and hockey families in Dundas that play for the Northfield Hockey Association.” – Jenelle Teppen Teppen also stated that even though the arena would be in Northfield their would be economic benefits for Dundas as well:  “You know what’s good for Northfield is good for Dundas We’re inextricably linked together in that respect.” – Jenelle Teppen The Dundas City Council has also been supportive of the project Here’s Dundas Mayor Glenn Switzer in October:  “It was a unanimous vote. Without hesitation, there wasn’t any hesitation on our Council to be part of this…. hockey’s not gonna go away in the state of hockey and having a facility that just provides. That’s the basic necessities for our athletes is important.” – Glenn Switzer, Mayor of Dundas on the KYMN Morning Show taxpayers in Northfield and Dundas will pay the same share for the ice arena and so a house valued at the same amount in either city would see the same increase in taxes to pay for the project A 29-year-old Bernardston man was airlifted from Greenfield to Baystate Medical Center in Springfield following a motorcycle crash in Deerfield on Tuesday ERVING — A Northfield motorcyclist was killed following a collision with a pickup truck at the intersection of Prospect Street and Route 63 in Erving at around 4:30 p.m was transported by Northfield EMS to Baystate Franklin Medical Center in Greenfield according to the State Police Office of Media Relations The truck’s driver was not injured or charged with a crime That crash was one of two Franklin County motorcycle crashes in a short period of time Tuesday A 29-year-old Bernardston man was airlifted to Baystate Medical Center in Springfield with a lower right leg injury following a single-vehicle crash on River Road in Deerfield that occurred at around 4:45 p.m. according to Deerfield Police Chief John Paciorek Jr South County EMS transported the man to the helipad adjacent to Baystate Franklin Medical Center and Greenfield Middle School where a LIFE STAR helicopter was already stationed Paciorek said the Deerfield crash remains under investigation by Police Officer Marissa Smith A resident casts their vote at Northfield Town Hall in 2023 Polls will be open in this year’s town election on Tuesday NORTHFIELD — Dan Campbell and Barbara Brassor are vying for a three-year seat on the Selectboard in what is the only contested race on the Tuesday is running on a platform of improving the town’s infrastructure and increasing collaboration with neighboring towns Campbell has worked in the public sector since he was 14 years old and said his experience sets him apart as a candidate He worked as a schoolteacher for 10 years before transitioning to work as a salesman for 30 years including a stint on Bernardston’s Zoning Board of Appeals and a 20-year tenure as a member of the Northfield Finance Committee and four years as its chair He also served as Northfield’s town clerk for 10 years before transitioning to assistant town clerk two years ago one of his main goals is to find the necessary funding to revitalize some of the town’s infrastructure so they must get creative when finding funding “Small towns are having a hard time right now to pay the bills and find funding to have all the programs that are necessary,” he said “We’re trying to look in the future and see how we can enhance the area with our neighbors to see if we can work together coordinating with each other to lessen the burden.” Campbell also pointed to his strong communication skills and familiarity with its roughly 3,000 residents as reasons why he should be elected is running with a goal of lessening the tax burden on townspeople Brassor spent 37 years working in Town Hall before retiring six years ago She has had stints as an election official and election warden and also served as town clerk in Bernardston for six years She promises to make the town a better place for not just her children and grandchildren Brassor looks to lessen the burden on taxpayers and make sure that residents’ money is going into systems and programs that are effective for the town she feels this is the perfect time to reintroduce herself to town government and make sure the entire population’s voices are heard “Sometimes I think they’re overboard with some of the stuff that’s going on for such a small town and with 3,000 people,” she said I just want to get in there and speak my piece and try to give the outlook of the people.” She also looks to increase accountability and make sure the Selectboard’s interests are in line with those of its citizens She looks to serve the town through “common-sense solutions” that are focused around supporting the community She also pointed to her experience in the town of Northfield as the main reason why she should be elected I graduated from [Pioneer Valley Regional School] and I have two daughters and they went through the school system,” Brassor explained “I have grandchildren that went through the school system I’ve been around a while and I pretty much know what’s going on most of the time.” two seats with three-year terms — Joshua Roman and Courtney Law ■Board of Trustees of Veterans Memorials (veteran’s position) ■Board of Trustees of Veterans Memorials (non-veteran’s position) three-year term — Raymond Zukowski two seats with three-year terms — Kathryn Bridges and Ruth Potee two seats with three-year terms — Alexander Strysky and Deborah Potee Northfield’s Trinitarian Congregational Church at 147 Main St The steeple of Northfield’s Trinitarian Congregational Church at 147 Main St. Local historian and Northfield native Joel Fowler leads a program on the 200-year history of Northfield’s Trinitarian Congregational Church in March As Northfield’s Trinitarian Congregational Church celebrates its 200th anniversary this year longtime and returning members were given the chance to reflect on the institution’s beginnings and how it has changed with time Local historian and Northfield native Joel Fowler presenting a 90-minute program at the church in March guided the 65 attendees through two centuries of reverends Fowler traced the church’s beginning across an ocean to the Church of England congregationalism budded from a Calvinistic group within the church that aimed to remove any signs of the Roman Catholic Church Many of these nonconformists traveled to the colonies where local church members governed the settlements instead of kings or bishops This structure solidified congregationalism’s identity as a tradition founded by people who “guarded the right of the congregation to administer its own affairs and allow each member a say in the governance of the church,” according to the Congregational Library & Archives website and it was the Congregational Church,” Fowler said the belief system behind the Trinitarian Congregational Church took shape later when Unitarianism spread throughout New England Fowler defined this tradition as “the basic belief that there’s no indication in the Bible that Jesus was God himself maybe even supernatural.” The leader of the church in Northfield at the time and broke off to form the first congregational association in 1825 These “dissenters,” as Fowler referred to them elected officials and first met either in a schoolhouse or an empty store until laying the cornerstone of its first meetinghouse on Nov According to “All About Northfield,” which was written by Arthur Percy Fitt in 1910 the group outgrew the building and built a new church in 1829 the Trinitarian Congregational Church of Northfield Moody’s name pervaded Fowler’s presentation his footprints speckling the church’s history the famed evangelist and Northfield native first found religion in 1855 while working at a shoe store in Boston he started Sunday School and traveled to the British Isles to meet the “great divines” whose religious teachings first enlightened him including Pennsylvanian composer and singer Ira D With Sankey’s gospel music and his charisma His fans believed his non-denominational preachings “The tents kept getting bigger and bigger and bigger until you could hold about 3,000 people under a tent,” Fowler explained his fame transformed the town into an epicenter for enlightenment Fowler said the celebrity led a few large meetings at the Trinitarian Congregational Church in 1852 Four hundred visitors crammed into the old building “The Ninety and the Nine” on a portable organ from the front lawn Hoping to shape the minds of future generations with his message Moody also opened the Northfield Seminary for Young Ladies in 1879 and the Mount Hermon School for Boys in 1881 The two institutions later merged to form Northfield Mount Hermon School Northfield hosted summer conferences for Moody and other speakers until the toll of World War II The historian described discovering photographs of college students camping out on Moody’s campuses waving Harvard The historian believes Moody enchanted his fans with the sweet simplicity of his ideas “He didn’t get hung up on theological details,” Fowler said Instead of focusing on the affiliations of his followers and let’s get down to what the real mission is,” Fowler said in Moody’s voice Moody’s magnetic name is what led the majority of the Trinitarian Congregational Church’s ministers to Northfield While Fowler highlighted the contributions of these “friends of Moody’s” to the evolution of the church pastor to ever be settled in Northfield.” According to Fowler the minister served in the late 1800s after working as a lawyer in Kansas in 1870 and breaking into politics District Attorney in Kansas with the help of a senator “he secretly helped to elect,” according to Fowler opened a law office and wrote bad checks against his widowed sister’s name when he ran out of money He tried to flee but was arrested in Wisconsin and later indicted for two or three cases before being discharged Fowler said Scofield converted to evangelical Christianity and campaigned with Moody and Sankey a “heavy drinker,” represented many men with rocky pasts whom Moody charmed with his shiny calling and he tried to bring the light to other people.” Other honorable mentions in the church’s long history include Silas Parsons Cook who founded several youth programs and established the four focuses of the church: preaching and testimony Duncan captained a pleasure trip to southeastern Asia Mark Twain wrote letters about his journey the beloved minister who served the longest tenure of 35 years Photographs of flames from a January 1978 fire lit up the screen A wave of gasps from attendees rippled through the church “You probably remember that event,” Fowler said with a frown longtime member and Northfield native Martha Morse said she remembered her friend calling at around 9 p.m “I walked down the street with my two kids and my husband and we all came down and watched the church burn,” she said said she remembered watching the ferocious flames through the windows of her house The next morning with smoke still in the air members of the congregation worshipped in Sage Chapel their new building for 21 months until the church was rebuilt A singer in the choir since she first arrived in 1971 Morse drove her children to Sunday School at the Trinitarian Congregational Church Kellogg and her kids were baptized in the church She took Parrill’s first confirmation class and her son took his last “It definitely feels like a family,” Kellogg stressed roller skated with the church’s youth group as a child she played an angel in the Christmas pageant When Kellogg looked out at the church pews in third grade she and Morse hope celebrating the church’s evolution will honor longtime members and draw more visitors through the door “We want to be able to serve the people who have been here and for whom the church has meaning over many generations,” Morse stated “We also want to be able to meet the needs of young people.” The two are spearheading the 200th anniversary festivities a commemorative worship service in September and two concerts in the fall The festivities will end with a November fair Kellogg and Morse want to continue the organization’s “living legacy,” as Fowler described located at 1205  Tilton Road in the spot that used to be home to Manhattan Bagels I stopped in on Sunday morning and grabbed two bagels and a jalapeño bagel with cream cheese; both were very good.  It appeared the jalapeño bagel was baked on-site and was very good Featuring a menu that includes the classics plus a variety of bagel sandwiches that include the names of the Downbeach area towns My favorite part of this group is the Northfield or Jalapeño bagel as well as nine varieties of flavored cream cheese Another part of their signature menu is named after some of New Jersey's counties You get to choose your side of either coleslaw Jersey Hot Bagels are priced at $2 each or $28 for a dozen Their bagel sandwiches range from $8.25 to $12.95 and their signature sandwiches are between $12.25 and $14.25 and more options to pair with your bagel or breakfast sandwich The building where Jersey Hot Bagels is located was previously home to Manhattan Bagels and also a few other food options like LaCucina Restaurant If you were a fan of Manhattan Bagels with one in EHT and another in Mays Landing by Target Jersey Hot Bagels is now open in Northfield at 1205 Tilton Road, offering fresh-baked bagels, creative sandwiches named after local towns and counties, and a full breakfast menu.\nRead More If you were a fan of Manhattan Bagels, there are a few still in the area, with one in EHT and another in Mays Landing by Target. Northfield's tap water has higher manganese levels than recommended by the Minnesota Department of Health.Steve Johnson for PexelsGo Deeper.CloseCreate an account or log in to save stories We have added it to a list of your favorite stories the Northfield City Council decided not to build a new water treatment facility The council rejected plans to spend about $83 million on a new plant in January has been grappling with water quality since 2019 That’s when the city discovered its drinking water had more manganese than recommended by the Minnesota Department of Health Mayor Erica Zweifel voted against building a water treatment facility is a great place to live for affluent residents but tougher on people who don’t have a lot of money that it’s getting less affordable to live in Northfield,” Zweifel said MPR News helps you turn down the noise and build shared understanding Turn up your support for this public resource and keep trusted journalism accessible to all The council approved plans to build a new plant last year when the project was estimated to cost $60 million But when the construction bids came in at about $83 million a majority of council members rejected plans to move forward “We are caught between a rock and a hard place,” said Ben Martig “No one is voting against healthy drinking water but construction costs are skyrocketing in the current economic climate.” Manganese is commonly found in drinking water and can also be found in rocks and soil But if children and adults drink water with levels of manganese above the guidance level over a long period of time They could develop learning and behavior problems if they drink water with too much manganese Despite the current condition of Northfield’s water Martig said there are things residents can do to make it safe “People can have manganese removed from their system by… using a reverse osmosis system,” he said “Softening water can be a way also to have it removed most people do not have their water softener directly connected to their drinking process because of the salty kind of flavor that you often get from that it’s pretty common that it doesn’t go direct Northfield is advising residents to primarily use bottled water or use under-the-sink filters to avoid manganese in their drinking water 300 micrograms of manganese per liter of water or less is safe for those older than one year old But some Northfield residents are still concerned about water safety Laurel Quill said she was unaware about the health risks with the city’s tap water for her son “We had been giving it to our less than 1-year-old child for the last six months without any knowledge,” Quill said “There was not as much awareness as we maybe would have hoped “We just put in a note with our pediatrician,” Quill said since he wasn’t having formula mixed with the water,” she said She is disappointed Northfield’s plans fell through to build a new water treatment facility and hopes to see it built in the future she’s using bottled water and relying on a filtered water system in her home for safe drinking water Beth Cox has lived in Northfield for eight years She says it’s expensive and is skeptical of how the city is spending tax dollars “Property taxes went up like 20 percent this year we’re also seeing major cuts to our school system.” Cox says building a new water facility should be a priority “I would like to see better spending of the tax money in other places so that the water treatment plant didn't feel like another extra on top of everything else,” she said Northfield Mayor Erica Zweifel, Northfield VFW Commander Tracy Closson and VFW Auxiliary President Nola Matheson talk about the mission, events, and activities sponsored by the Northfield VFW, Post 4393 May 3 will be clean-up day at Veteran’s Park followed by a free lunch for first responders; Memorial Day ceremony on May 26 at Veteran’s Park (St Olaf gym in inclement weather) followed by Beyond the Yellow Ribbon lunch MN District 58A Representative Kristi Pursell provides her weekly legislative update provides information about upcoming programs Rice County Sheriff Jesse Thomas talks about the recent tornado in Rice County Northfield residents are being advised to use bottled water or reverse osmosis filtration for drinking water in light of the city council’s decision to reject plans for a new water treatment facility The level of manganese in drinking water is a concern Elevated levels of manganese can lead to memory issues attention deficits and problems with motor skills Infants under one year old are particularly susceptible to exposure The Minnesota Department of Health (MDH) says the threshold for manganese in drinking water for infants under one year old is 100 micrograms per liter A spokesperson for the City of Northfield said three of the five wells currently test above the 100 microgram level “We have put out communications with the public.  We have also talked with providers about talking with pregnant women and young families,” said Justin Wagner City officials say tap water is still safe to use for bathing The rejected water treatment facility was previously approved by the 2024 city council but council members later voted to rescind that decision due to higher-than-expected bids from consultants which increased the project’s cost by tens of millions of dollars “We are caught between a rock and a hard place No one is voting against healthy drinking water but construction costs are skyrocketing in the current economic climate While our staff are disappointed with the current situation we understand that councilors are working diligently to reflect the will of the people that elected them delays will likely only increase costs in the future meaning we may end up getting a poorer facility for the same or more money Nobody wants that but it is the hard reality of the world we live in.” If you are caring for infants or are pregnant Northfield officials say experts suggest you should: Northfield Utilities Manager Justin Wagner said in a statement may reasonably be expected to contain at least small amounts of some contaminants The presence of contaminants does not necessarily indicate that water poses a health risk we want to provide Northfield residents and the people who work here with all the pertinent information available to help them make decisions that impact their daily lives I encourage all Northfielders to educate themselves on the issues to help you and your elected officials to make the best decisions possible for the city and your loved ones.” The City of Northfield did not provide a timeline for when people can expect to drink tap water again Any person with disabilities who needs help accessing the content of the FCC Public File may contact KSTP via our online form or call 651-646-5555 Northfield’s town election is on Tuesday and there is a race for Selectboard I want to share some information about one of the candidates Barbara Brassor grew up in Northfield and graduated from PVRS Her brother and sister and niece and nephew still live in town and she and her husband Dave raised their two girls here They keep a garden and brought their girls through 4H and Barb continues to help the kids with 4H at their daughter’s dairy farm in Gill She spent many years working and volunteering in the community and has walked in Greenfield’s Relay for Life for 25 years to raise money for cancer research — a quiet act of care and commitment comes from a lifetime of showing up: in schools and through the relationships she’s built raising her family here Her widespread support is emblematic of her demonstrated care for the community but it is not the primary reason I believe Barb would be an excellent addition to the Selectboard Barb has spent 37 years working in town halls — first in Bernardston as town clerk for six years then in Northfield in various roles: town clerk She brings a wealth of knowledge about the history of Northfield’s municipal structure and finances along with a hands-on understanding of the nitty-gritty details and day-to-day operations of town government Her knowledge would be an invaluable addition to the board She has shown composure under duress and handled herself admirably in the face of harassment As someone who has experienced such behavior firsthand I admire her ability to keep her composure and willingness to be accountable to the people of Northfield would make Barb an excellent addition to the Selectboard Please join me in considering Barbara Brassor for a seat on the NorthfieldSelectBoard By Logan Wells, News Director | Logan@kymnradio.netLast week, KYMN aired a news special about the Ice Arena Project, and this week during the news, we will be highlighting some of the important topics covered. You can find the full show here we are answering the question about why there is no referendum for the Ice Arena Project the question of a new Ice arena was put to voters voters are not being given a choice on the ice arena The answer ultimately depends on how the city is funding the project the city was seeking to use a Sales Tax to pay for the project; now instead the city will be using property taxes to cover the bill Northfield City Administrator Ben Martig cited state law as their guide in the process:  “We follow a policy of following what the state statutes have for the debt mechanisms that we’re using and the current one that we’re using with the lease levy doesn’t require that that vote Rice County is another good example of that recently where they approved the building of the new jail with property taxes They did go after the fact and ask the voters though do you want to use a sales tax to pay for it?” – Ben Martig Martig noted that the State Government has implemented a moratorium prohibiting new sales taxes meaning the city has to pursue property taxes to fund this project The city hires a lawyer who specializes in city debt and financing to verify each time that their debt process is legal and Martig stated that Northfield has particularly reputable counsel.  who has been with the city for a very long time is one of the most reputable in the state of Minnesota she does the majority of bond work across all entities and been familiar with it.” – Ben Martig It also feels like it’s worth noting at this point why the Northfield School District had to put the High School renovation questions to a referendum That comes down to the different laws governing Cities and School Districts and that school funding is highly regulated compared to cities school districts have sought voter approval to raise taxes Joe Coughlin is a co-founder and the editor in chief of The Record. He leads investigative reporting and reports on anything else needed. Joe has been recognized for his investigative reporting and sports reporting, feature writing and photojournalism. Follow Joe on Twitter @joec2319 The City of Northfield is encouraging residents who have lawn care responsibilities to register for Less Mow May.  Less Mow May is an effort to support pollinators who emerge from hibernation or migrate to Minnesota in early spring and are in deep need of nectar and pollen for food.  The Northfield City Council approved a resolution that temporarily suspends enforcement of the tall weeds and grass code from May 1 to May 31 owner-occupied properties and renters with landlord consent The program is not open to business or city-owned greenspace Staff and the City Council will review the results and if successful could expand it to include other properties in Northfield in future years.  and display a “Less Mow May”  sign in their yard or on their home to educate other residents and promote the program Residents can pick up one free reusable yard sign for their registered address while supplies last at City Hall.  Rich Larson is the owner and General Manager of KYMN Radio As a Northfield business owner that has existed for 60 years I am concerned about the current voting majority of our Selectboard Let the readers judge by the continuous choice of ill-fated projects and failures linked to the Northfield town administration over the past five years The current elected and appointed individuals do not have the wisdom or experience to manage our $14 million a year business I am endorsing Barbara Brassor as a superior candidate for this year’s May 6 Selectboard election I cannot ever remember an election choice where a more qualified individual presents herself for public service Barb has 30 years of experience of leadership in the Northfield Town Hall Please don’t miss out on an opportunity to improve our local government construction of the new ice arena could start in May Hockey players in Northfield have long faced a glaring contradiction: The area’s high school teams have standout players but the city’s rink is about a half-century old beset with ventilation issues and outfitted with cramped locker rooms But better digs for hockey players are on the way A $25 million ice arena is set to replace the aging rink in August 2026 Northfield Hockey Association’s arena committee chair “I’ve just been really amazed by the outpouring of support.” The project is headed to the City Council on May 6 for final approval But the new arena was never guaranteed — and some people still aren’t sure it’s worth the cost Voters in 2018 defeated a referendum to build a $22 million The City Council greenlit the current project’s funding scheme last summer after attempting to seek a solution to the weathered arena for some 20 years Opponents of the rink take issue with the tax increases that will help fund the project, noting ice arenas typically cater to a select group of people. That’s a common gripe in Northfield, where a slate of public projects has left residents queasy about rising taxes. “I get why this is a necessity, but to put all this on the taxpayers, it’s just hard,” said former Council Member George Zuccolotto last June before casting the sole dissenting vote against the project. But supporters of the rink say it’s impossible to predict who will use the space. And they note a nicer arena offers room for tournaments, drawing visiting hockey families who will bolster the local economy and improving amenities for local athletes. “You gain a lot in sports,” said Northfield resident Tom Baraniak. “So having the opportunity to participate in a sport like hockey, which is important to the state of Minnesota, obviously benefits students.” A bevy of issues — the stands aren’t accessible for disabled people and the locker rooms lack showers — has long attested to the need for a new arena, Kennelly said. But Bennett said it wasn’t until 2023 when the current project came together. That year, officials began developing a funding scheme for the effort: The city of Northfield will finance the bulk of the project, with nearby Dundas also chipping in. The Northfield Public School District will pay for $250,000 annually to use the space for 20 years, and the hockey association has so far raised over $4 million to offset the bill. That public-private partnership has allowed officials to develop ambitious plans for the arena at 1900 Cannon Road, Bennett said. The design features one rink flanked by a locker room for high school teams and a space for figure skaters. An elevator offers an accessible option for people to reach the bleachers, and a large room could host birthday parties or other events. “If all the parties didn’t see the need and work together to come to a solution, we’d still be trying to figure out what to do,” Bennett said. Tom Betti, a sports venue designer at JLG Architects, the architecture firm behind the new rink, pointed to a few benefits of its design. The arena will be energy efficient, with solar panels covering the roof. And its planned layout lends itself to events beyond hockey, like Northfield’s spring book fair. Matt Hillmann, the superintendent of Northfield Public Schools, hopes the new facility draws more families to the district. Hillmann said the district, which serves about 3,900 students, risked losing scores of hockey players to schools with nicer rinks if Northfield didn’t improve its arena. “Youth activities are something that are really important to people,” Hillmann said. “And of course,” he added, “every student brings a certain amount of money with them. So it’s not just about recruiting new families, but it’s also about retaining the families that we have.” Indeed, questions about money dominated the debate about building a new arena. Even elected officials who voted in June to approve the arena’s funding partnership were concerned about the expense it will impose on Northfield residents. “I’m having a very difficult time continuing to vote for projects that I know are pricing people out of this town who have been here for generations,” Council Member Davin Sokup said at a meeting last summer. “I think we’re shifting who can live in Northfield in a way that is really problematic.” Bennett, the public works director, noted architects and city officials have tweaked some design elements to reduce costs, swapping concrete bleachers for aluminum and shrinking the rink’s footprint. Kennelly, of the youth hockey association, said the group is pushing ahead with its fundraising efforts, amassing donations that range from $26 to over $1 million in hopes of paying for some of the features that were cut. Eva Herscowitz covers Dakota and Scott counties for the Star Tribune. Twin Cities Suburbs Conservative board members had questioned the content of the books and curricula prompting criticism from the teachers union Doğukan Günaydin was arrested March 27 by plainclothes officers from the U.S Immigration and Customs Enforcement in Minneapolis James Duane Ortley made his first appearance on four counts of second-degree murder and remains jailed on $2 million bail Three men were charged in a separate slaying that took place four blocks away several hours later Last week, KYMN aired a news special about the Ice Arena Project, and this week during the news, we will be highlighting some of the important topics covered. You can find the full show here we are answering the question: Why does Northfield need a new Ice Arena Northfield Public Works Director Dave Bennett stated that the refrigerant system is nearing the end of its life and will need to be replaced soon which would be a significant cost to do in the old building The second main item is that the building is currently not up to code and is in need of improvement including accessibility issues and overall lack of features Northfield City Councilor Brad Ness cited that the ice arena “It was built to get a roof over a piece of ice They didn’t consider a whole lot more If you look at the existing one.The locker room space is not adequate for today’s usage The insulation and all that in the building is probably not up to codes today so there would need a lot of money in that existing facility to bring it up to code and even a whole lot more to bring it up to current standards.” – Brad Ness City Councilor Jessica Peterson-White cited the issue of accessibility as one of her main concerns: “And there are some pretty significant issues with accessibility and you know I think we all know like we got a lot of really engaged grandparents showing up for their grandkids’ games these days people of all ages really need accessibility” – Jessica Peterson-White Northfield City CouncilorAnother issue cited with the space was the lack of adequate restrooms and lockrooms forcing players to share space with audience members Here’s Public Works Director Dave Bennett:  the players during intermissions have to commingle with the visitors that are trying to use the locker room And they’re trying to get back to listen to their coaches but they have to share the lock locker rooms with the spectators who are using the restrooms.” – Dave Bennett Councilor Ness stated that when comparing the costs of a new ice arena and fixing the old arena “it made no sense to invest another dime into the current facility.” Thanks for visiting The use of software that blocks ads hinders our ability to serve you the content you came here to enjoy We ask that you consider turning off your ad blocker so we can deliver you the best experience possible while you are here 2025 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP The decrease in net income for the three months ended March 31 compared to the trailing quarter was primarily due to a $3.4 million gain on sale of property in the trailing quarter The increase in net income in the current quarter as compared to the first quarter of 2024 was primarily the result of an increase in net interest income attributable to lower funding costs and higher yields on interest-earning assets partially offset by an increase in the provision for credit losses on loans the Company’s Chairman and Chief Executive Officer stated “The Northfield team continued to focus on growing our franchise and delivering solid financial performance for the quarter.” Mr “We remained focused on serving our communities and the fundamentals of reducing our funding costs and increasing the yield on our interest-earning assets resulting in higher net interest income and net interest margin.” Mr “We remain committed to prudently managing our operating expenses and managing our strong capital levels through dividends and stock repurchases.” “I am pleased to announce that the Board of Directors has declared a cash dividend of $0.13 per common share Comparison of Operating Results for the Three Months Ended March 31 Net income was $7.9 million and $6.2 million for the three months ended March 31 Significant variances from the comparable prior year period are as follows: a $3.9 million increase in net interest income a $2.2 million increase in the provision for credit losses on loans a $359,000 decrease in non-interest income an $897,000 decrease in non-interest expense and a $616,000 increase in income tax expense Net interest income for the three months ended March 31 from $27.9 million for the three months ended March 31 due to a $2.5 million decrease in interest expense and a $1.4 million increase in interest income The decrease in interest expense was primarily due to a decrease in the cost of interest-bearing liabilities which decreased by 15 basis points to 2.74% for the three months ended March 31 from 2.89% for the three months ended March 31 driven by a 20 basis point decrease in the cost of borrowed funds to 3.67% from 3.87% partially offset by a two basis point increase in the cost of interest-bearing deposits to 2.51% from 2.49% due to a higher concentration of certificates of deposit The decrease in the average balance of interest-bearing liabilities was primarily due to a $413.6 million or 37.3% decrease in the average balance of borrowed funds increase in the average balance of interest-bearing deposits The increase in interest income was primarily due to a 23 basis point increase in the yield on interest-earning assets specifically higher yields on mortgage-backed securities decrease in the average balance of interest earning assets The decrease in the average balance of interest-earning assets was primarily due to decreases in the average balance of other securities of $273.9 million the average balance of loans of $167.4 million and the average balance of interest-earning deposits in financial institutions of $143.9 million partially offset by an increase in the average balance of mortgage-backed securities of $483.9 million Net interest margin increased by 35 basis points to 2.38% for the three months ended March 31 from 2.03% for the three months ended March 31 The increase in net interest margin was primarily due to higher yields on mortgage-backed securities coupled with a decrease in the cost of borrowed funds The Company accreted interest income related to purchased credit-deteriorated (“PCD”) loans of $223,000 for the three months ended March 31 as compared to $426,000 for the three months ended March 31 included loan prepayment income of $245,000 as compared to $351,000 for the three months ended March 31 The provision for credit losses on loans increased by $2.2 million to $2.6 million for the three months ended March 31 compared to $415,000 for the three months ended March 31 including a reduction in prepayment speeds and an increase in loss given defaults in the multifamily loans related to risk rating downgrades of certain loans in the portfolio Net charge-offs were $2.8 million for the three months ended March 31 primarily due to $2.4 million in net charge-offs on small business unsecured commercial and industrial loans as compared to net charge-offs of $911,000 for the three months ended March 31 Management continues to closely monitor the small business unsecured commercial and industrial loan portfolio to $3.0 million for the three months ended March 31 compared to $3.4 million for the three months ended March 31 The decrease was primarily due to a decrease of $998,000 in gains on sales of trading securities partially offset by an increase in income on bank-owned life insurance of $675,000 primarily related to the exchange of certain policies late in the fourth quarter of 2024 which have higher yields Losses on trading securities in the three months ended March 31 as compared to gains of $699,000 in the three months ended March 31 The trading portfolio is utilized to fund the Company’s deferred compensation obligation to certain employees and directors of the plan Gains and losses on trading securities have no effect on net income since participants benefit from changes in the trading securities market values the Company records an equal and offsetting amount in compensation expense reflecting the change in the Company’s obligations under the plan to $21.4 million for the three months ended March 31 compared to $22.3 million for the three months ended March 31 The decrease was primarily due to a $990,000 decrease in employee compensation and benefits primarily attributable to a decrease in deferred compensation expense there was a $268,000 decrease in advertising expense Partially offsetting the decreases were increases of $263,000 in professional fees related to outsourced audit services and recruitment fees and $164,000 in other expense The Company recorded income tax expense of $2.9 million for the three months ended March 31 compared to $2.3 million for the three months ended March 31 The effective tax rate for both the three months ended March 31 The effective tax rate for three months ending March 31 were negatively impacted by increased tax expense of $79,000 and $18,000 Net income was $7.9 million and $11.3 million for the quarters ended March 31 Significant variances from the prior quarter are as follows: a $2.1 million increase in net interest income a $640,000 increase in the provision for credit losses on loans a $4.0 million decrease in non-interest income a $613,000 increase in non-interest expense and a $246,000 increase in income tax expense Net interest income for the quarter ended March 31 primarily due to a $1.7 million decrease in interest expense and a $370,000 increase in interest income The decrease in interest expense was primarily due to an 11 basis point decrease in the cost of interest-bearing liabilities to 2.74% for the quarter ended March 31 from 2.85% for the quarter ended December 31 decrease in the average balance of interest-bearing liabilities attributable to an $80.4 million decrease in the average balance of borrowed funds partially offset by a $73.3 million increase in the average balance of interest-bearing deposits The increase in interest income was primarily due to an 11 basis point increase in the yield on interest-earning assets and a $206,000 increase in the average balance of interest-earning assets primarily due to an increase in the average balance of mortgage-backed securities of $182.4 million partially offset by decreases in the average balance of interest-earning deposits in financial institutions of $85.2 million the average balance of other securities of $59.4 million and the average balance of loans of $37.5 million Net interest margin increased by 20 basis points to 2.38% for the quarter ended March 31 from 2.18% for the quarter ended December 31 primarily due to higher yields on loans and mortgage-backed securities coupled with a decrease in the cost of funds included loan prepayment income of $245,000 as compared to $215,000 for the quarter ended December 31 The Company accreted interest income related to PCD loans of $223,000 for the quarter ended March 31 as compared to $568,000 for the quarter ended December 31 The provision for credit losses on loans increased by $640,000 to $2.6 million for the quarter ended March 31 from $1.9 million for the quarter ended December 31 The increase in the provision for the current quarter was primarily due to an increase in reserves in the commercial and industrial and in multifamily loans related to risk rating downgrades of certain loans in the portfolio Net charge-offs were $2.8 million for the quarter ended March 31 as compared to net charge-offs of $2.0 million for the quarter ended December 31 Non-interest income decreased by $4.0 million to $3.0 million for the quarter ended March 31 from $7.0 million for the quarter ended December 31 The decrease was primarily due to a $3.4 million gain on sale of property in the quarter ended December 31 there was a $367,000 decrease in gains on sales of trading securities compared to gains of $68,000 for the quarter ended December 31 Partially offsetting the decreases was a $362,000 increase in income on bank owned life insurance Non-interest expense increased by $613,000 to $21.4 million for the quarter ended March 31 from $20.8 million for the quarter ended December 31 The increase was primarily due to increases of $280,000 in occupancy expense related to higher repairs and maintenance costs $201,000 in data processing costs due to an increase in core system expenses $310,000 in professional fees primarily due to an increase in outsourced audit services and recruitment fees and a $158,000 increase in credit loss expense/(benefit) for off-balance sheet exposure The increase in credit loss/(benefit) for off-balance sheet exposure was due to a provision of $103,000 recorded during the quarter ended March 31 as compared to a benefit of $55,000 recorded during the quarter ended December 31 Partially offsetting the decreases was a $283,000 decrease in other expense The Company recorded income tax expense of $2.9 million for the quarter ended March 31 compared to $2.7 million for the quarter ended December 31 The effective tax rate for the quarter ended March 31 compared to 19.2% for the quarter ended December 31 The effective tax rate for the quarter ending December 31 was positively impacted by the revaluation of certain state deferred tax assets The increase was primarily due to an increase in available-for-sale debt securities of $145.7 million partially offset by decreases in cash and cash equivalents of $66.1 million Cash and cash equivalents decreased by $66.1 million as excess liquidity was deployed into purchasing higher-yielding mortgage-backed securities Balances fluctuate based on the timing of receipt of security and loan repayments and the redeployment of cash into higher-yielding assets such as loans and securities or the funding of deposit outflows or borrowing maturities primarily due to decreases in multifamily real estate loans partially offset by increases in home equity and lines of credit and construction and land loans The decrease in loan balances reflects the Company's continued strategic focus on managing concentration risk within its commercial and multifamily real estate loan portfolios while maintaining disciplined loan pricing commercial real estate loans decreased $7.2 million one-to-four family residential loans decreased $3.4 million and commercial and industrial loans decreased $1.3 million Partially offsetting these decreases were increases in home equity and lines of credit of $7.3 million and construction and land loans of $4.4 million non-owner occupied commercial real estate loans (as defined by regulatory guidance) to total risk-based capital was estimated at approximately 424% Management believes that Northfield Bank (the “Bank”) maintains appropriate risk management practices including risk assessments board-approved underwriting policies and related procedures which includes monitoring Bank portfolio performance performing market analysis (economic and real estate) and stressing of the Bank’s commercial real estate portfolio under severe Although management believes the Bank has implemented appropriate policies and procedures to manage its commercial real estate concentration risk the Bank’s regulators could require it to implement additional policies and procedures or could require it to maintain higher levels of regulatory capital which might adversely affect its loan originations Our real estate portfolio includes credit risk exposure to loans collateralized by office buildings and multifamily properties in New York State subject to some form of rent regulation limiting rent increases for rent stabilized multifamily properties office-related loans represented $182.4 million with an average balance of $1.7 million (although we have originated these type of loans in amounts substantially greater than this average) and a weighted average loan-to-value ratio of 59% The geographic locations of the properties collateralizing our office-related loans are: 50.0% in New York 48.5% in New Jersey and 1.5% in Pennsylvania our largest office-related loan had a principal balance of $90.0 million (with a net active principal balance for the Bank of $29.5 million as we have a 33.3% participation interest) was secured by an office facility located in Staten Island and was performing in accordance with its original contractual terms multifamily loans that have some form of rent stabilization or rent control totaled approximately $435.8 million or approximately 11% of our total loan portfolio with an average balance of $1.7 million (although we have originated these type of loans in amounts substantially greater than this average) and a weighted average loan-to-value ratio of 51% our largest rent-regulated loan had a principal balance of $16.7 million was secured by an apartment building located in Staten Island Management continues to closely monitor its office and rent-regulated portfolios For further details on our rent-regulated multifamily portfolio see “Asset Quality” PCD loans totaled $9.0 million and $9.2 million at March 31 The majority of the remaining PCD loan balance consists of loans acquired as part of a Federal Deposit Insurance Corporation-assisted transaction The Company accreted interest income of $223,000 attributable to PCD loans for three months ended March 31 compared to $426,000 for three months ended March 31 PCD loans had an allowance for credit losses of approximately $2.7 million at March 31 Loan balances are summarized as follows (dollars in thousands): The Company’s available-for-sale debt securities portfolio increased by $145.7 million The increase was primarily attributable to purchases of securities partially offset by paydowns and maturities $1.21 billion of the portfolio consisted of residential mortgage-backed securities issued or guaranteed by Fannie Mae the Company held $33.4 million in corporate bonds substantially all of which were investment grade $683,000 in municipal bonds and $608,000 in U.S on available-for-sale debt securities and held-to-maturity securities approximated $16.7 million and $307,000 Equity securities were $10.9 million at March 31 Equity securities are primarily comprised of an investment in a Small Business Administration Loan Fund This investment is utilized by the Bank as part of its Community Reinvestment Act program The decrease in equity securities was primarily due to a decrease in money market mutual funds The increase was primarily attributable to an increase in borrowings of $42.8 million partially offset by a decrease in total deposits of $6.5 million The Company routinely utilizes brokered deposits and borrowed funds to manage interest rate risk and funding needs related to loan originations and deposit activity 2025 as compared to $4.14 billion at December 31 Brokered deposits decreased by $140.1 million as the Company placed less reliance on brokered deposits which were used as a lower-cost alternative to borrowings in the trailing quarter was primarily attributable to increases of $97.1 million in transaction accounts and $41.6 million in time deposits partially offset by decreases of $4.5 million in savings accounts Growth in transaction accounts and time deposits was primarily due to new municipal relationships and new commercial customer relationships Estimated gross uninsured deposits at March 31 This total includes fully collateralized uninsured governmental deposits and intercompany deposits of $1.01 billion leaving estimated uninsured deposits of approximately $934.7 million estimated uninsured deposits totaled $896.5 million Deposit account balances are summarized as follows (dollars in thousands): Included in the table above are business and municipal deposit account balances as follows (dollars in thousands): Borrowed funds increased to $770.7 million at March 31 The increase in borrowings for the period was primarily due to a $67.0 million increase in borrowings under an overnight line of credit partially offset by a decrease of $24.2 million in other borrowings due to maturities Management utilizes borrowings to mitigate interest rate risk The following table sets forth borrowing maturities (excluding overnight borrowings and subordinated debt) and the weighted average rate by year at March 31 Total stockholders’ equity increased by $6.5 million to $711.1 million at March 31 The increase was attributable to net income of $7.9 million for the three months ended March 31 an $8.1 million increase in accumulated other comprehensive income associated with an increase in the estimated fair value of our debt securities available-for-sale portfolio and a $900,000 increase in equity award activity partially offset by $5.0 million in stock repurchases and $5.4 million in dividend payments the Board of Directors of the Company approved a $5.0 million stock repurchase program the Company repurchased 440,150 of its common stock outstanding at an average price of $11.36 for a total of $5.0 million pursuant to approved stock repurchase plan the Company has no outstanding repurchase program The Company's most liquid assets are cash and cash equivalents and unpledged mortgage-related securities issued or guaranteed by the U.S We also have the ability to surrender bank-owned life insurance contracts The surrender of these contracts would subject the Company to income taxes and penalties for increases in the cash surrender values over the original premium payments We also have the ability to obtain additional funding from the Federal Home Loan Bank and Federal Reserve Bank of New York utilizing unencumbered and unpledged securities and multifamily loans The Company expects to have sufficient funds available to meet current commitments in the normal course of business The Company's on-hand liquidity ratio as of March 31 The Company had the following primary sources of liquidity at March 31 (1) Excludes $12.5 million of cash at Northfield Bank.(2) Represents estimated remaining borrowing potential The Company and the Bank utilize the Community Bank Leverage Ratio (“CBLR”) framework the Company and the Bank's estimated CBLR ratios were 12.08% and 12.62% which exceeded the minimum requirement to be considered well-capitalized of 9% The following table details total non-accrual loans (excluding PCD) loans over 90 days delinquent on which interest is accruing and accruing loans 30 to 89 days delinquent at March 31 Loans 30 to 89 days delinquent and on accrual status totaled $6.8 million and $9.3 million at March 31 The following table sets forth delinquencies for accruing loans by type and by amount at March 31 The decrease in delinquent multifamily loans was primarily due to one relationship totaling $2.1 million that became current during the quarter ended March 31 The decrease in delinquent commercial and industrial loans was primarily due to five unsecured small business loans that were charged off totaling $797,000 Management continues to monitor the unsecured small business commercial and industrial loan portfolio which represents the majority of the commercial and industrial delinquencies in the table above The Company accounts for PCD loans at estimated fair value using discounted expected future cash flows deemed to be collectible on the date acquired Based on its detailed review of PCD loans and experience in loan workouts management believes it has a reasonable expectation about the amount and timing of future cash flows and accordingly has classified PCD loans ($9.0 million at March 31 even though they may be contractually past due 2.1% of PCD loans were past due 30 to 89 days Our multifamily loan portfolio at March 31 included loans collateralized by properties in New York with units subject to some percentage of rent regulation The table below sets forth details about our multifamily loan portfolio in New York (dollars in thousands) The table below sets forth our New York rent-regulated loans by county (dollars in thousands) None of the loans that are rent-regulated in New York are interest only 27 loans with an aggregate principal balance of $46.0 million will re-price operates 37 full-service banking offices in Staten Island and Brooklyn For more information about Northfield Bank Forward-Looking Statements: This release may contain certain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of such words as "may," "believe," "expect," "anticipate," "should," "plan," "estimate," "predict," "continue," and "potential" or the negative of these terms or other comparable terminology Examples of forward-looking statements include estimates with respect to the financial condition results of operations and business of Northfield Bancorp Any or all of the forward-looking statements in this release and in any other public statements made by Northfield Bancorp They can be affected by inaccurate assumptions Northfield Bancorp might make or by known or unknown risks and uncertainties as described in our SEC filings those related to general economic conditions particularly in the market areas in which the Company operates competition and demand for financial services in our market area fluctuations in real estate values and both residential and commercial real estate market conditions the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio competition among depository and other financial institutions including with respect to fees and interest rates changes in laws or government regulations or policies affecting financial institutions including changes in the monetary policies of the U.S Treasury and the Board of Governors of the Federal Reserve System the imposition of tariffs or other domestic or international governmental policies changes in the quality and/or composition of our loan and securities portfolios our ability to access cost-effective funding changes in the value of our goodwill or other intangible assets inflation and changes in the interest rate environment that reduce our margins reduce the fair value of financial instruments or reduce our ability to originate loans the failure to maintain current technologies and to successfully implement future information technology enhancements cyber security and fraud risks against our information technology and those of our third-party providers the ability of third-party providers to perform their obligations to us our ability to successfully integrate acquired entities and adverse changes in the securities markets no forward-looking statement can be guaranteed does not intend to update any of the forward-looking statements after the date of this release or conform these statements to actual events JacobsChief Financial OfficerTel: (732) 499-7200 ext (2) The efficiency ratio represents non-interest expense divided by the sum of net interest income and non-interest income.(3) Non-performing loans consist of non-accruing loans and loans 90 days or more past due and still accruing (excluding PCD loans) and are included in total loans held-for-investment net.(4) Includes originated loans held-for-investment acquired loans and loans held-for-sale.(5) Excludes loans held-for-sale.(6) Includes originated loans held-for-investment (1) Tangible book value per share is calculated based on total stockholders' equity excluding intangible assets (goodwill and core deposit intangibles) divided by total shares outstanding as of the balance sheet date Core deposit intangibles were $57 and $69 at March 31 Firefighters respond to a house fire Sunday on Burton Avenue in Northfield NORTHFIELD — The state Fire Marshal's Office is investigating a fire at a home in the 500 block of Burton Avenue on Sunday according to a Facebook post from the city's Fire Department Additional firefighters from Pleasantville Somers Point and Egg Harbor Township assisted nhuba@pressofac.com Subscribe to our Daily Headlines newsletter Email notifications are only sent once a day Download the new Press of Atlantic City News Mobile App Sign up for a digital subscription to The Press of Atlantic City now and take advantage of a great offer Get up-to-the-minute news sent straight to your device Account processing issue - the email address may already exist Invalid password or account does not exist Submitting this form below will send a message to your email with a link to change your password An email message containing instructions on how to reset your password has been sent to the email address listed on your account Today in the ArtZany Radio studio Paula Granquist welcomes Northfield poets Becky Boling (Here Beyond Small Wonders) and Susan Jaret McKinstry (Tumblehome) to preview their upcoming event at Content Bookstore Celebrate National Poetry Month with us and discover the joy Poetry Night: Becky Boling and Susan Jaret McKinstry 7:00 PM – 8:30 PM at Content Bookstore in Northfield Content welcomes Northfield poets Becky Boling and Susan Jaret McKinstry for a delightful evening of poetry Join us as Becky reads from her new collection Here Beyond Small Wonder by Becky Boling: These 37 poems find mystery and wonder in everyday objects and settings–from Adirondack snow-covered chairs to an autumnal beach on an inland sea to a city garden between high-rise walls A puppy refuses to give up a dead mouse he’s tracked to the bushes the poet takes a shower with a large black ant an entire neighborhood parades daily just to get a glimpse of nesting owls Boundaries are transgressed by ordinary events pay homage to the permeable worlds we all inhabit. In Here Beyond Small Wonders, there is no such thing as an insignificant life or death taught Latin American Literature and Language at Carleton College for 36 years Her poetry appears in Agates, 3rd Wednesday, Gleam, Lost Lake Folk Opera, Misfit, Persimmon Tree, Willows Wept Review as well as in recent anthologies: We Look West she won Pennsylvania Poetry Society’s First-Place Prize Tumblehome by Susan Jaret McKinstry is structured like a musical fugue moving in three sections from the west coast of Ireland to London and back to a small town in Minnesota as it interweaves and deepens themes of home The poems contemplate vast human history and the small space of our lives in distinct voices and episodes water – reappearing and echoing to create a harmonic poetic travelogue Susan Jaret McKinstry has published poems in Plain Songs I & II, Crosswinds and The Journal of General Internal Medicine. A professor of 19th century British literature and creative writing at Carleton College in Northfield Today in the ArtZany Radio studio Paula Granquist welcomes Alyssa Herzog Melby from St Alexus Kreft from the Northfield Public Library and the Northfield History Center Today in the ArtZany Radio studio Paula Granquist welcomes novelist Peter Geye to discuss A Lesser Light Set on the rocky shores of Lake Superior at the turn Today in the ArtZany Radio studio Paula Granquist welcomes director Will McIntyre and actor Cody Jensen from the Paradise Center for the Arts production of tick The Northfield High School will be hosting Arts à la Carte on Friday evening The event is an exciting evening filled with several events one of the art teachers at the High School stated that this is the 23rd year of Arts à la Carte and that the program is run and supported by the students:  “It is the high school students who are in the arts, so in the Fine Arts who put on essentially a giant arts carnival, for the community, and last year we had 1200 people show up and enjoy the evening.” – Kathrine Norrie, Northfield High School Arts Teacher, on Raider Wrap Norrie said that she had over 20 honor students among those who support the program Among some of the other events include clay wheel lessons The event is open to art lovers of all ages and proceeds from admissions and concessions go to support the Fine Arts Booster Club.  Arts à la Carte takes place tomorrow night from 5:30pm to 9pm at the Northfield High School Newscasts on KYMN air on weekdays at 6am, 7am, 8:30am, Noon, 3pm, and 5pm. If you miss it live, you can subscribe on your preferred podcast app:> Click here to listen on Spotify> Click here to listen on Apple PodcastDo you have a news tip or press release NORTHFIELD — The Open Space Committee recently announced its former chair as the 2024 Citizen Stewardship Award winner who served on the committee for roughly a decade and was at the helm for three years recently had her name added to the 16 others on a plaque hanging in the Northfield Town Hall entryway She was formally recognized at the Selectboard meeting on April 15 “I was delighted and honored,” she said of receiving the award “I had certainly put a lot of effort into helping the town’s trails both in terms of physical maintenance and upgrades and also the trails’ website and brochures like little trail guides at the trail head I’m really passionate about people having access to outdoor spaces and I’m interested in conservation of land and seeing open spaces being protected.” The Open Space Committee’s job is to implement the Northfield Open Space and Recreation Plan which aims to ensure that the town protects farmland recognizes someone who is an excellent steward of natural resources and who helps achieve the goals of the Open Space and Recreation Plan According to a statement from the Open Space Committee Blyth is a longtime environmental volunteer who has actively promoted responsible habitat management projects and encouraged community involvement in protecting open space and trails She mapped GPS coordinates for the trails and for the Calvin Swan homestead site at Brush Mountain Conservation Area After applying for and successfully securing a community preservation grant for the Mill Brook project Blyth organized construction crews for bridge building and trail work at Mill Brook This project included replacing two smaller bridges and rebuilding a long marsh bridge as part of the Sunshine Trail from Birnam Road to School Street are active members of Friends of Alderbrook Meadows a group of volunteers who work with Mount Grace Land Conservation Trust to ensure the accessible trail to the beaver pond is ready for walkers “I can’t think of a more deserving person,” Selectboard member Barbara “Bee” Jacque told Blyth during the April 15 meeting “It feels really good to be recognized for a lot of time and energy put into the town’s work,” Blyth said in an interview She grew up in Ohio and moved to Northfield in 2013 Reach Domenic Poli at: dpoli@recorder.com or 413-930-4120 Help wanted: the communities of Turners Falls Shelburne Falls and Northfield are seeking a rural downtown coordinator to work on a state-funded downtown revitalization pilot program The Franklin County Chamber of Commerce has been awarded an $87,800 contract from the Franklin Regional Council of Governments, which received a $100,000 Rural Development Fund grant through the state Executive Office of Economic Development to support the new position as part of the rural downtown development project The coordinator for a yearlong pilot program will be tasked with testing a model for economic development in these downtown areas in coordination with business owners and municipal leaders “This project is an exciting opportunity to plug in additional administrative capacity to enhance regional collaboration and downtown vibrancy and test a replicable regional model for economic growth,” Jessye Deane executive director of the Franklin County Chamber of Commerce & Regional Tourism Council low-risk opportunity to pilot a regional coordination model and give our downtowns a measurable boost.” this project is about building capacity and supporting our communities to grow their local economies sustainably,” Ted Harvey senior economic development planner at FRCOG “The chamber is well-positioned to bring this program to life in the three downtown districts.” Harvey mentioned that each of the three pilot communities prioritized enhanced coordination in their Local Rapid Recovery Plans making them ideal locations to pilot this approach The job description from the Franklin County Chamber of Commerce states the ideal applicant should have project management The person who is hired will be expected to identify and start two to three projects per town by partnering with downtown working groups comprised of business owners municipal officials and other stakeholders and will leverage existing resources and grants to support businesses 12-month position that carries a $65,000 to $75,000 salary plus benefits though there is a possibility the position may be extended after the year Hybrid hours between Deerfield (where the Chamber of Commerce is located) Shelburne Falls and Turners Falls are offered to accommodate for public events and community meetings While the chamber prepares to take on its administrative role in the project the three participating communities are exploring what they want to see in a rural downtown coordinator and what projects they could take on who owns Cameron’s Winery and The Back Room Brewing Co said the position will be a great tool for expanding the existing work in town A group of community members and business owners led by the Recreation Department meet every other month to plan events and programs to highlight the business community Having a full-time coordinator working on efforts to support businesses will only grow them It’ll be like adding fertilizer to your garden,” Cameron said we sparkle and shine when it comes to tourism … This project sort of jet sets what we’re already doing.” director of the Recreation Commission and leader of the unofficial Northfield Events Coalition said the town has a strong volunteer base working to bring residents and businesses together for fun events but it could use help with marketing and economic development Bond said whoever is selected for the rural downtown coordinator position should know that Northfield is a beautiful agricultural community with a long history that should be celebrated She feels the town has plenty going for it that just needs to be promoted and the coordinator could help attract new businesses There’s beautiful buildings and it’s a beautiful town … We’re in a really nice spot with a beautiful countryside,” Bond said there’s so much to it and it has such great stories.” In Shelburne Falls, business owners have not had a strong coordination of marketing efforts since the Greater Shelburne Falls Area Business Association dissolved during the COVID-19 pandemic, according to Cate Chadwick, a community volunteer and manager of ShelburneFalls.com Volunteers have been working to revitalize community marketing efforts and will form a Shelburne Falls Steering Committee to work with and guide the new coordinator “The business owners seem really curious about what this will look like,” Chadwick said She said the Steering Committee will work with the chamber and other communities to create an action plan for the new hire and marketing the region’s offerings and events Chadwick said whoever takes on the rural downtown coordinator role should remember that Shelburne Falls is a village with land in two municipalities a community with natural and cultural landmarks and an area where residents celebrate its history and future “Shelburne Falls is truly one of a kind — a vibrant downtown village that spans two towns but functions as one close-knit community and cultural hub With its unique geography and rich history the village has long been a cherished destination for both locals and visitors,” Chadwick said “What sets Shelburne Falls apart isn’t just its attractions — it’s the people community groups and residents alike are invested in the village’s future.” Montague Planning Director Maureen Pollock said she’s met with local business owners who have expressed a variety of ideas for what a rural downtown coordinator could help with A unique part of the community is the RiverCulture municipal program which is part of the Montague Planning Department that hosts and promotes cultural events; shares information about business arts and recreation in Montague; and helps support the creative economy These are all efforts that a new hire could be a valuable partner for Pollock said feedback on what a rural downtown coordinator could do has centered on bolstering existing infrastructure for cultural attractions implementing marketing campaigns and social media and improving communication between businesses are goals she’s heard from community members “It’s all building upon the great assets here and how do we promote and communicate them?” Pollock said “How do we market Montague to our own community?” One of the people Pollock has touched base with about the pilot program is Peter Chilton co-owner of Nova Motorcycles on Second Street in Turners Falls Chilton said given the niche nature of his motorcycle repair business he sees a downtown coordinator as being a beneficial point person for information and resources on business finances permits and other logistics involved in owning a small business He also sees this person as taking on goals that business owners in Turners Falls hope to bring to the forefront such as revitalizing the Great Falls Festival and getting more foot traffic to the food trucks at Unity Park If a coordinator is hired full-time to work with people on goals like these he thinks ideas and projects could get off the ground “We almost need someone who just connects the dots for us,” Chilton said I’m super busy with the day-to-day business stuff And then it would be nice to have someone sort of come in once a month or once a week and say Reach Erin-Leigh Hoffman at ehoffman@recorder.com and Madison Schofield at mschofield@recorder.com CC Linstroth of Age Friendly Northfield discusses services and activities for senior citizens available in the Northfield area as well as the organization’s efforts to assist individuals to establish and access an online social security account And in the lead up to Northfield’s Earth Day celebration on Saturday KYMN is covering some of the Environmental Do Gooders in Northfield We are concluding this series by talking about the Northfield Earth Day celebration that is set to take place primarily tomorrow The celebration starts tonight with a Contra Dance including those who are not good dancers:  folks will kind of learn some of the moves that you need but it’s kind of like square dancing Event Organizer of Northfield Earth Day  The Contra Dance takes place from 7pm to 10pm Hear all of the different conversations with Northfield’s Environmental Do Gooders: Starting on Saturday at 9:30am will be several workshops at Armory Square The eco-fair begins at Armory Square at 11am The workshops and eco fair go until 2:30pm Starting at 3pm will be a panel discussion titled: Lets Adapt: Flooding and Resilience in Northfield.  Sarah Fortner is the Director of Sustainability at Carleton College and one of the panelists in the discussion:“But over the longer run considering the riverfront development to support new infrastructure Both Gray and green [infrastructure]  is really important so the chance for us to ask questions about that to hear a little bit about the climate change part of it to hear a little bit about other work and resiliency.” – Sarah Fortner Fortner said that the panel will include a presentation and a question-and-answer session. You can see the full list of events for the Earth Day celebration at https://northfieldearthday.com/ KYMN’s Logan Wells talks with the different partners involved in the Northfield Ice Arena project The discussion primarily involves City of Northfield leaders but also includes interviews with representatives from the City of Dundas You can listen to the full show or the individual segments below: Northfield city leaders discuss the history of the ice arena the community’s need for a new arena Guests include Northfield City Councilors Brad Ness & Jessica Peterson-White Individual interviews with each funding partner The interviews are in the following order: The city of Northfield leadership concludes the show by talking about the design of the arena and the economic impact of an ice arena Listen to the show wherever you get your podcasts Previous Stories By KYMN RadioNorthfield Hockey Association’s fundraising website City of Northfield’s Project Page the main item on the agenda is the final vote on the $6 million in proposed budget reductions The board will first go through the public comments section and the consent agenda before taking up the budget discussion.Here’s Superintendent of Schools Dr Matt Hillmann describing how the process will work:  The process of budget reductions began in January when the district published its annual financial forecast and community members to create priorities and make the budget reduction package The School District then held a public forum that gathered 177 community members to share their opinions The District Youth Council also held two forums for students to ask questions and share opinions with school leadership Hillmann stated that board has also received more than 80 emails in the last few weeks regarding the topic Here’s School Board Chair Claudia Gonzalez-Geroge:   “And we’re, of course immensely grateful and appreciative of all the community members, the administrators and vow for putting together these proposed reduction packages. I like to. Recall what Doctor Hammond says is we’re we can be proud of that process and still not like the result.” – Claudia Gonzalez-George, Northfield School Board Chair at the 4/14/2025 School Board Meeting We will hear from both Hillmann and Gonzalez-George tomorrow morning at 7:20am.  If you are interested in attending the school board meeting the meetings are held in the District Office Board Room; use Door #2 located on the north side of the District Office on 2nd Street West The meetings are also streamed live on Zoom; you can find the link to the video in the agenda at Northfieldschools.org Recordings of the meetings are also posted on the district’s YouTube page View the full packet of budget reduction recommendations here The Northfield History Center is hosting a reception tonight for its new exhibit featuring Doug “Mr The exhibit is a celebration of the work of Peterson a retired elementary guidance counselor for Northfield Public Schools Generations of students waited patiently each month for Mr Jayhawk and the gang to tell stories to their class.  Sean Allen is the Executive Director of the Northfield History Center: “He had a program that he kind of pioneered here with puppets helping elementary school kids really understand their feelings. Learn how to deal with their feelings with others.” – Sean Allen, Executive Director of the Northfield History Center on the KYMN Morning Show Allen recalled his own experience as a student with Peterson and his puppets:  “The dolphin would come out once a month or whatever, and come to our classroom, and we just loved it. And so we’re going to do a special kind of exhibit on on him.” – Sean Allen, Executive Director of the Northfield History Center on the KYMN Morning Show The opening reception tonight will be at 5pm to 7pm and is also an opportunity to meet Peterson. If you can’t attend the reception the History Center is open Tuesdays-Fridays 10 am to 5 pm Admission to the museum is $10 for adults and free for History Center members Also on display right now in the museum is the permanent exhibit about Jesse James and his gang’s attempted raid the First National Bank Newscasts on KYMN air on weekdays at 6am, 7am, 8:30am, Noon, 3pm, and 5pm. If you miss it live, you can subscribe on your preferred podcast app:> Click here to listen on Spotify> Click here to listen on Apple PodcastDo you have a news tip or press release we are meeting the Environmental Quality Commission of Northfield The board serves as an advisory group to the Mayor and City Council and the staff liaison to the group Assistant to the City Administrator Risi Karim shared the board’s goals:  “The EQC advises on matters concerning the quality and our Environmental Quality and natural resources and they give their feedback and advice to the City Council and they also assist with some of the implementation of the Climate Action Plan… EQC members really had a strong hand in the creation of the Climate Action Plan.” – Risi Karim The EQC has worked to support several programs and initiatives in the city One of those programs includes a rebate program to help pay for making homes and businesses more energy efficient: “So when residents carry out those energy efficiency projects in their home depending on whether it’s a heat furnace or installation they are able to work with contractors to submit rebates to excel And then once they get their rebate from Excel they can apply for additional funds through the city and get 50%.” – Risi Karim Karim gave the example that if a project cost $2,000 residents could apply for a $1,000 rebate from Excel and then an additional $500 rebate from the City to help pay for the energy efficiency improvements You can find more information about the program by going to the city’s website which will also have the link in today’s news:  You can hear each of the Earth Day conversations this week at 6:30am on our website kymnradio.net under the morning show tab or search KYMN Morning Show wherever you get your podcast.  Carolyn Baskowski in her classroom at Northfield Elementary School For her work in developing students’ abilities and her creative approaches to help them succeed Baskowski has been honored with a 2025 Pioneer Valley Excellence in Teaching Award NORTHFIELD — For nearly a quarter of a century Carolyn Baskowski has welcomed students into Northfield Elementary School who is in her 24th year at the school on Main Street and has about 30 years of experience in all has made it her goal to work with every child who comes through the door and make an impact on their lives Baskowski said she has learned an effective approach to teaching is to “be a guide on the side,” and to let her young learners exercise their curiosity and work out their struggles It’s been a good lesson for me in some ways because it is helping me to do some reflection on all the years I’ve been here and all the work I have done,” Baskowski said in her classroom “My whole goal of being a teacher is to make a difference in children’s lives in one way or the other.” With a background that includes teaching sixth graders Baskowski said she loves working with fourth graders because at 9 and 10 years old the kids are about to make that mental transition “between fantasy and reality” and they really start to mature “I do like them to just get to know themselves as learners to be comfortable with making mistakes and understanding that that’s totally fine,” Baskowski said “I love them because they are just on the brink They’re still really thirsty for learning and they love to have fun and engage together And they’re very independent and can think and talk quite deeply about things.” has been presented since 2003 thanks to the Harold Grinspoon Charitable Foundation in partnership with the Irene E Baskowski and other winners throughout Franklin Hampshire and Hampden counties will be honored at a banquet at The Log Cabin in Holyoke on April 30 Northfield Elementary School Principal Krissy Schreiber highlighted Baskowski’s compassion and her efforts to build relationships with each student who comes through her door “Carolyn is an amazing teacher who cares about all of her students developing each person’s strengths and making connections to their interests in her lessons Students feel heard and loved in her classroom as they learn each day,” Schreiber said “Carolyn’s classroom is a place where students think critically Baskowski also organizes one of the school’s biggest community events each year in the annual food drive that benefits the Northfield Food Pantry The event began in 2014 and sees the students collect hundreds of nonperishable food items that are then delivered across the street to the food pantry As she continues to teach the students of Northfield Baskowski said she is just one of many teachers who help mold the minds of the next generation “It’s really just about being a part of that ladder,” she said Chris Larabee can be reached at clarabee@recorder.com Bill Noyes recorded a hole-in-one on Wednesday at Northfield Golf Course sinking the ace on the par 3 sixth hole using a 5 wood It was Noyes’ fourth career ace and was witnessed by Larry Petrin The Thomas Memorial Women's Golf League opened their season on Wednesday Donna McKemmie and Jenn Murphy winning a four person scramble with a score of 33 two RBI) led Lundgren to a victory in AAA action Wednesday Theo Schulte had two hits while Gavin Marshall-Hamberg and Ben Trombley each had a hit for Liberty Rotary Club 5 — Cooper Deane pitched and knocked two hits Charlie Tyler tripled and Owen Little pitched a scoreless inning in Aubuchon’s AAA win Wednesday Kydanie Rivera hit while Ellison Hayman added two hits and pitched for Rotary The Northfield School Board and District Staff meet together for a nearly 3-hour work session meeting to discuss the budget reductions and answer any questions The Northfield School Board met again on Tuesday for a nearly 3-hour-long work session meeting to discuss the proposed $6 million in budget reductions.  In attendance were all seven members of the board and several of the district’s Principals and administrators the goal of the meeting was not to make any final decisions but to get all the information and questions answered before the final vote.  While each package of proposals (Activities the Middle School schedule changes was one of the longest discussed items The original proposal would reduce the Middle School’s day from 7 hours to 6 hours the school district could eliminate the 7th-grade health teacher position Nearly every board member raised concerns with some or all of the proposal Board member Corey Butler stated that he thought the board was moving too quickly on the Middle School change and a more comprehensive discussion about the issue should occur later in the year Board member Ben Miller compared the size of the budget cuts to their potential impact on students noting that the actual effect was far greater than the budget cuts themselves The board discussed finding a way to implement a 7-period day with some alterations to find some savings.  Other topics discussed by the board include: school nurses charging for using the school bus while living within two miles of school the number of high school counselors and administrators The School Board ultimately can reject any of the budget cuts entirely there are some that the board has requested alternative options be brought forward; those items are listed below: View the full packet of budget reduction recommendations here. The Northfield School Board meets for the final vote Monday at 6pm.  The Northfield Hospital Auxiliary Book Fair opens today The annual event raises money that aids and benefits projects at the Northfield Hospital The sale fills the Ice Arena with over 70,000 books and while many people begin lining up in advance event organizer Mark Heiman says that isn’t necessary: “Everybody’s in those doors in about 5 minutes and you can walk in at 5:05 and there’s no wait and it’s just an amazing scene. So if you don’t mind crowds and you like the excitement of a big sale, that’s the time to go.” – Mark Heinman, Chair of the Hospital Book Fair on the KYMN Morning Show The fair opens tonight at 5pm and goes until 9pm The fair is open Wednesday – Friday from 9am to 9pm with anything fitting in a bag being $5 from 8am to 12:30pm (bags provided) and then anything is free until 3pm Volunteers preparing for the Book Fair last week sorting and organizing through thousands of books