ZEO Makes the News

Attached is an article from Forbes Small Business that describes the ZEO product. We are early investors in this company.

Herald Bank Presentation

This is the presentation that David Bagatelle, President & CEO of Herald Bank gave to the Eliphalet Nott Society last evening.

Herald Bank ENS Presentation

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"Thriving on Chaos: Herald National Bank Arrives Amidst a Financial Crisis"

Thursday, March 26, 2009

6:00 – 9:00 pm

The Cornell Club

6 East 44^th Street

New York City

Cocktails and hors d’oeuvres $30 per person




David Bagatelle
President & CEO Herald National Bank

David Bagatelle founded Herald National Bank to cater to the New York area’s middle market businesses, their high net-worth owners and senior managers. In the face of a banking meltdown, Herald raised $62 million in capital (a record for a de novo bank in New York State) and gathered $22 million in deposits in their first five weeks of operations.

David draws on 20 years of experience developing, starting and growing financial services businesses. Throughout his career, David has been client, shareholder and employee focused. He draws on experience from senior roles at institutions such as Signature Bank, Republic National Bank of New York, and M&T Bank.

David proudly represents his father, the late Warren Bagatelle ’60 - banker, philanthropist and co-founder of the Eliphalet Nott Society.

Reducing Our Carbon Footprint…One Pint At a Time!

Date: WEDNESDAY, FEBRUARY 25, 2009
Time: 6:00 – 9:00 PM
Place: THE WESTIN COPLEY SQUARE BOSTON
10 HUNTINGTON AVENUE • BOSTON, MASSACHUSETTS 02116


Beer (of course), wine and hors d’oeuvres $25 per person

Featuring:
Craig Theisen ‘01
Regional Manager, Peak Organic Brewing Company

“Reducing Our Carbon Footprint…One Pint At A Time!”

Craig Theisen had a steady career in Boston’s insurance industry for six years after graduation. But in 2007, he quit insurance sales and helped launch Peak Organic, an organic craft beer brewer with a creative marketing plan but limited budget.
Founded by Theisen’s childhood friend, Jon Cadoux, Peak Organic brews six types of craft beer in Portland, Maine. The company’s roots stretch back to 1998, when Cadoux and a friend began brewing beer at home. As Peak Organic has grown, Cadoux has recruited Theisen and several other friends from their summer camp days as part owners and sales representatives. Today, the team is spread along the eastern seaboard.
Craig Theisen covers parts of New England and upstate New York, lives in Saugus, MA and is pursuing an MBA from Babson College during the evenings. He earned a Bachelor of Science degree at Union College in 2001.

RSVP by 2/20/09 online at: www.union.edu/Alumni/Events or detach and send the reservation form below via mail to: Mike O’Hara, College Relations, 807 Union Street, Schenectady, NY 12308, or via fax to: 518.388.6060.

Questions? Call 518.388.6166 or email oharam@union.edu For more information about Union College’s entrepreneur network—The Eliphalet Nott Society - please visit: www.union.edu/Alumni/Development/ENottSociety

ENS Invests in Heritage Bank Startup

ENS recently made an investment in Heritage Bank in New York City. Below is the press release on the formation of the bank.

June 25, 2008 06:00 AM Eastern Daylight Time

Heritage Bank (in organization) Announces Receipt of
Conditional Approval for National Charter
Bank Targets Late Summer Opening in Manhattan, Long Island and Brooklyn

NEW YORK--(BUSINESS WIRE)--The organizers of Heritage Bank, N.A. (in organization) announced today that the Office of the Comptroller of the Currency (OCC) has granted conditional approval of its application for a national commercial bank charter. Heritage Bank is presently targeting a late summer opening and intends to raise between $60 to $85 million in capital to fund the bank’s formation and opening.

“Conditional approval from the OCC is a great milestone for us. We look forward to meeting the conditions of the approval by commencing our capital raise with a soon-tobe-released effective offering circular and continuing to prepare for the pre-opening exam in order to open for business in late summer,” explains David S. Bagatelle, President and CEO of Heritage Bank.

“We are tracking very well toward our goals,” comments Daniel M. Healy, Chairman of Heritage Bank. “The conditional approval and the affirmations we have received through the expressed interest of investors and prospective banking teams, demonstrate that we have the right management team and right model in place to establish a premier bank in the New York metropolitan area.”

Subject to the receipt of final regulatory approvals, the Bank will begin operations during late summer, 2008. The Bank’s initial offices will be located in midtown Manhattan, Long Island and Brooklyn, New York. Each office will contain multiple private commercial banking teams.

The organization of the bank is led by an experienced team of New York City banking executives, each of whom has a strong track record of serving the Bank’s target market: privately owned businesses and the middle market in the New York metropolitan area. David S. Bagatelle will serve as President and Chief Executive Officer. Bagatelle is a former Executive Vice President of Signature Bank and a member of its founding group. Daniel M. Healy will serve as Chairman of the Board. He is a former North Fork Bancorporation Executive Vice President and Chief Financial Officer and director. The Vice Chairman of the Board is Raymond A. Nielsen, who was the former leadindependent director at North Fork. He was also the former President, Chief Executive Officer and director of Reliance Bancorp.

Additional executives include: Michael S. Carleton, Executive Vice President and Chief Operating Officer; Gerard A. Perri, Executive Vice President and Chief Financial Officer and Treasurer; and Joseph R. Harpster, Executive Vice President and Chief Credit Officer.

Please visit www.heritagebankny.com for additional information. This press release is not an offer to sell or a solicitation of an offer to buy stock of Heritage Bank, N.A. (in organization), which will be made only by means of the Bank’s prospectus filed with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. To the extent that this press release contains forward looking statements, those statements will be subject to the limitations contained in the prospectus.

Contact:
Heritage Bank
Adam Moskowitz
623 Fifth Avenue, 11th floor
New York, NY 10022
212.421.0030
amoskowitz@heritagebankny.com

Upcoming Meetng Thursday May 15 in Waltham, MA

Date: Thursday, May 15, 2008

Time: 6:00 – 9:00 pm

Place: The Westin Waltham Boston

70 Third Avenue · Waltham, Massachusetts

http://www.starwoodhotels.com/westin/property/area/directions.html?propertyID=1036

Cocktails and hors d’oeuvres $30 per person

Featuring: David P. Dickinson ‘77

“Why Sleep is the New Sex and Startups are for Lovers”

Sleep deprivation is becoming an epidemic around the world. According to The Wall Street Journal, three-quarters of Americans (225 million) report suffering at least one symptom of a sleep problem each week. Insomnia is now the third biggest health complaint in the U.S. and has now been clinically linked to obesity, diabetes, heart failure, depression and memory loss. Leveraging sleep science, cognitive neuroscience and artificial intelligence technology, startup Axon Labs has created a personal sleep device that will help people wake-up feeling more alert and energized by teaching them how to get a better night’s sleep.

As the CEO of Axon Labs, Dave Dickinson will review how he helped three different startups raise almost $20 million in venture and angel capital, how he discovered his “startup DNA” after many years at four Fortune 500 companies, and what it takes to lead, survive and love the startup lifestyle.

After he received a B.S. in Industrial Economics from Union 1977, Dave worked as an Assistant Dean of Admissions for the College and as a sales representative for Procter & Gamble. He also received an MBA in Marketing from Northwestern's Kellogg Graduate School of Management in 1982.

Dave, his college sweetheart and wife Diane (DiMeo ’79) and their three daughters reside in the Boston area.

Upcoming Meeting in New York City

You are cordially invited to join Union College alumni, parents and friends for a Business Forum and Reception in New York City sponsored by Union’s entrepreneur network—The Eliphalet Nott Society and The Union Business Network. This is an excellent opportunity for business leaders, professionals and current/prospective entrepreneurs to gather and network.

Date: Tuesday, March 4, 2008

Time: 6:00 – 9:00 pm

Place: The Cornell Club

6 East 44^th Street

New York City

http://www.cornellclubnyc.com/about_directions.html

At the Nexus of Technology, Medicine and Entrepreneurship: Bringing New Biomedical Devices to Market

Ting Pau Oie ’68 will share his 30 years of experience on the complexities of identifying the right products and the viability of bringing them to market. Entrepreneur Chris Macomber ’05 will join Mr. Oei and pitch his light-emitting diode tanning and lupus phototherapy devices in a quest for funding for his fledgling company, Opthera, Inc., with critique and Q&A to follow.

Mr. Oei is a partner in L Capital Partners and leads the firm's investments in the healthcare sector. He has broad experience in the healthcare and pharmaceuticals industries. Prior to joining L Capital Partners, Mr. Oei was at Johnson & Johnson Development Corporation, J&J's venture arm, for more than a decade. He was involved in more than 50 investments, such as in Barrier Therapeutics, Immunicon, Neurocrine Biosciences and Shire Pharmaceuticals Group. He has held positions at Merck & Co., Abbott Laboratories and American Cyanamid. Mr. Oei received a BA in economics from Union College and an MBA from Columbia Business School.

Mr. Macomber is the COO of Opthera, an ultra-violet light emitting diode company, and President and CEO of Exousia, an electronic medical records software services company, both based in Albany. Currently, Mr. Macomber is conducting research on ultra-violet light at Albany Medical Center and will be commencing several ultra-violet LED studies - both basic science and human clinical trials - at universities across the country. Mr. Macomber earned his BS at Union College, his MBA at Union Graduate College and will earn his medical degree at Albany Medical College in 2009, completing Union College’s 8 year Leadership in Medicine Program. He is pursuing a residency in plastic surgery.

RSVP by Tuesday, 2/26 online at: https://www.alumniconnections.com/olc/pub/UNN/events/UNN2154309.html

or detach and send the reservation form below via mail to: Mike O’Hara, College Relations, 807 Union Street, Schenectady, NY 12308, or via fax to: 518.388.6060.

Questions? Call 518.388.6166 or email oharam@union.edu For more information about Union College’s entrepreneur network—The Eliphalet Nott Society - please visit: www.union.edu/Alumni/Development/ENottSociety

Eliphalet Nott Society Business Forum & Reception, Cornell Club, NYC – Tuesday, March 4, 2008

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Payment Method: Check (please make payable to Union College)

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Return this form to: Mike O’Hara, College Relations, 807 Union Street, Schenectady, NY 12308, or fax to: 518.388.6060 by February 26, 2008.