Bay Colony Development Corp. is pleased to announce the following promotions and retirements:

Betty Ule has been promoted to CFO and Chief Compliance Officer.  Betty has been a member of the Bay Colony family since 2003 and previously served as the SVP and Underwriting Manager.  Betty has over 25 years years of commercial lending and management experience and is a graduate of Nichols College with her B.S. in Finance.

Rosemarie Finn has been promoted to Underwriting Manager.  Rosemarie joined Bay Colony as VP and underwriter in 2012. Prior to joining Bay Colony, Rosemarie was at  Fleet Boston/Bank of America for over 20 years specializing in commercial real estate lending and portfolio management. Rosemarie received a BS in Finance from Bentley University and an MBA from Campbell University.

Barrie King will be retiring from Bay Colony Development Corp at the end of June.  Barrie has served as our CFO and Chief Compliance Officer since joining Bay Colony in 1996.  Prior to joining Bay Colony, Barrie worked in corporate finance and lending at American Express, Bank of Boston and Fleet Bank. In the public domain, Barrie has worked as the Treasurer for several non-profit agencies on whose boards she has served for many years. Barrie earned her BA in Art History from Lake Erie College and did her graduate course work at Simmons College in Art Therapy and Psychology. Barrie plans on spending her retirement traveling the world and enjoying the beautiful landscapes in Arizona.

Congratulations Betty and Rosemarie on your new positions.

Congratulations Barrie on your retirement and thank you for your 20 years of service to Bay Colony Development and the 504 Program.  We look forward to seeing many pictures from your new adventures.