Financial services are economic services tied to finance provided by financial institutions . Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance .
58-655: The Nashua Pride was a professional baseball team based in Nashua, New Hampshire , in the United States, not affiliated with Major League Baseball . They played home games at Holman Stadium from 1998 through 2008, when they were sold and renamed the American Defenders of New Hampshire. In 2010 that team moved to Pittsfield, Massachusetts, and became the Pittsfield Colonials . The franchise itself no longer exists, as
116-520: A Can-Am minor league baseball team, played at Holman Stadium from 1998 through 2008, then changed to the American Defenders of New Hampshire in the 2009 season. The Defenders were evicted from the venue in August 2009, however, because of non-payment of rent, and moved to Pittsfield, Massachusetts to become the Pittsfield Colonials . Before the Pride, Holman was the home stadium for the independent Nashua Hawks;
174-886: A macroeconomic scale that impacts domestic politics and foreign relations . The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union , bank , savings and loan association , trust company , building society , brokerage firm , payment processor , many types of broker , and some government-sponsored enterprise . Financial services include accountancy , investment banking , investment management , and personal asset management . Financial products include insurance , credit cards , mortgage loans , and pension funds . The term "financial services" became more prevalent in
232-481: A business, helps businesses raise money from other firms in the form of bonds (debt) or share capital (equity). The primary operations of commercial banks include: The United States is the largest commercial banking services location. New York City and London are the largest centers of investment banking services. NYC is dominated by U.S. domestic business, while in London international business and commerce make up
290-494: A household in the city was $ 60,923, and the median income for a family was $ 76,612. Male full-time workers had a median income of $ 60,365 versus $ 43,212 for females. The per capita income for the city was $ 30,937. About 4.6% of families and 9.3% of the population were below the poverty line , including 11.4% of those under age 18 and 5.9% of those age 65 or over. Nashua has three main commercial districts. Centered on Main Street near
348-516: A key role in the development of the home video game console market. Ralph H. Baer , an employee of Sanders, developed what would become the Magnavox Odyssey , the first commercial home video game system. The arrival of Digital Equipment Corp. , now part of Hewlett-Packard , in the 1970s made the city part of the Boston -area high-tech corridor. Nashua is in southeastern Hillsborough County. It
406-548: A low-power station in Boston and subchannels of other stations) across the entire market. As WYCN-CD, it formerly carried a number of smaller networks, along with local programming and community calendar information of interest to Nashuans, until the sale to NBC. The Everett Turnpike is the major highway running through the city. U.S. Route 3 follows the turnpike from the Massachusetts border north to Exit 7E, where it branches to
464-566: A private ambulance service, American Medical Response. The department has five fire commissioners. The commission has overall responsibility for the policy decisions, promotions, discipline, hiring and terminations. The fire chief reports directly to the commission. Their responsibility is to also work with fire administration with planning and prioritizing the department budget. There are two hospitals in Nashua, St. Joseph Hospital and Southern New Hampshire Health System . An episode of MTV's MADE
522-526: A significant portion of investment banking activity. FX or Foreign exchange services are provided by many banks and specialists foreign exchange brokers around the world. Foreign exchange services include: London handled 36.7% of global currency transactions in 2009 – an average daily turnover of US$ 1.85 trillion – with more US dollars traded in London than New York, and more Euros traded than in every other city in Europe combined. New York City
580-573: A variety of reasons. Some smaller financial centres, such as Bermuda , Luxembourg , and the Cayman Islands , lack sufficient size for a domestic financial services sector and have developed a role providing services to non-residents as offshore financial centres . The increasing competitiveness of financial services has meant that some countries, such as Japan, which were once self-sufficient, have increasingly imported financial services. The leading financial exporter, in terms of exports less imports,
638-478: A weekly printed edition. Nashua radio stations include oldies station WGHM 900 AM ( ESPN affiliate), talk station WSMN 1590 AM, and 106.3 WFNQ , a classic hits station owned by Binnie Media . WEVS 88.3 and 90.3 serve as the stations for New Hampshire Public Radio . The city is part of the Manchester radio market and can also receive almost all Boston -market stations clearly. One television station
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#1732852273319696-401: Is a city in southern New Hampshire , United States. As of the 2020 census , it had a population of 91,322, the second-largest in northern New England after nearby Manchester . It is one of two county seats of New Hampshire's most populous county, Hillsborough ; the other being Manchester. Built around the now-departed textile industry, in recent decades Nashua's economy has shifted to
754-514: Is a major regional shopping destination, lying directly on the Massachusetts border and taking advantage of New Hampshire's lack of sales tax. It is anchored by the Pheasant Lane Mall and numerous smaller shopping centers. It is one of several U.S. cities nicknamed Gate City , which references a reputation for being a travel gateway—in this case between the Boston region and New Hampshire. A number of civic groups and institutions have adopted
812-527: Is bordered to the south by Middlesex County, Massachusetts . According to the United States Census Bureau , the city has a total area of 31.7 square miles (82.2 km ), of which 30.8 square miles (79.9 km ) are land and 0.89 square miles (2.3 km ) are water, comprising 2.84% of the city. The eastern boundary of Nashua is formed by the Merrimack River , and the city is drained by
870-583: Is in Nashua. The three-building campus that once housed a Digital Equipment Corporation software development facility was sold to the John Flatley Company, which has renamed it "Nashua Technology Park". Nashua has had a series of amateur, semi-professional, and professional baseball teams. The Nashua Silver Knights , part of the Futures Collegiate Baseball League of New England (FCBL), is the city's current team. The Nashua Pride ,
928-500: Is in the city's northwest corner. The nearest airports with scheduled airline service are Manchester–Boston Regional Airport in Manchester and Logan International Airport in Boston. Historically, Nashua was a hub for the trolley system in New Hampshire. Trolleys could be taken south to Boston , as well as north into Manchester and to locations as far east as Hampton, New Hampshire . The trolley also connected different areas of
986-470: Is in the northwestern part of the city and is a large thoroughfare with commercial centers along both sides. The South Nashua Commercial District, centered on Daniel Webster Highway near the Massachusetts border, is anchored by the Pheasant Lane Mall , attracting many people from Massachusetts taking advantage of the lack of sales tax in New Hampshire. The city is home to a number of technical firms, including Nashua Corporation , which took its name from
1044-462: Is licensed to Nashua. WBTS-CD (channel 15) is owned by NBC Owned Television Stations , and serves as the NBC owned-and-operated station for the Boston market. The station moved from its own transmitter to a channel share with PBS member station WGBX-TV from their Needham, Massachusetts tower in 2018 upon NBC's assumption of ownership, letting it broadcast the "NBC Boston" service (previously carried by
1102-423: Is not seeking reelection in 2024. At the presidential level, Nashua leans strongly towards Democrats. George H. W. Bush was the last Republican presidential nominee to win Nashua, in 1988 . In the 2000 U.S Census, 22,700 residents over age three were enrolled in a Nashua educational institution, approximately a fourth of the city. The local newspaper is The Telegraph , with daily news published online and
1160-461: Is proposed to have two station stops on the line, South Nashua , which would be located behind the Pheasant Lane Mall just north of the state line, and Nashua, which would be located in a rail yard near Crown Street in downtown Nashua and would utilize the existing Crown Street park-and-ride lot. Separately on October 11, 2017 the Nashua Board of Aldermen signed a memorandum of understanding with
1218-593: Is the largest center of investment services, followed by London. The United States, followed by Japan and the United Kingdom are the largest insurance markets in the world. A financial export is a financial service provided by a domestic firm (regardless of ownership) to a foreign firm or individual. While financial services such as banking, insurance, and investment management are often seen as domestic services, an increasing proportion of financial services are now being handled abroad, in other financial centres , for
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#17328522733191276-408: Is traditionally among those to receive government support in times of widespread economic crisis. Such bailouts, however, enjoy less public support than those for other industries. A commercial bank is what is commonly referred to as simply a bank. The term " commercial " is used to distinguish it from an investment bank , a type of financial services entity which instead of lending money directly to
1334-635: Is unclear whether the highway will ever be completed. If finished, the Nashua-Hudson Circumferential Highway would be part of the Everett Turnpike, and would rejoin the mainline highway at a hypothetical Exit 9 in northern Nashua. In 2015, after four years of construction, the city completed the Broad Street Parkway, which connects Exit 6 of the Everett Turnpike to the city's downtown area ("Tree Streets" neighborhood), with
1392-508: The Great Northeast Athletic Conference (GNAC). The Spartans Drum and Bugle Corps (1997, 1998, 2004, 2007 Drum Corps International Division II Champions and 2019 Open Class Champions) is based in Nashua. The city's government is headed by a mayor and fifteen aldermen : six at-large aldermen elected three at a time every four years, and nine ward aldermen, one for each ward in the city, elected every two years. In
1450-446: The Merrimack River , with the town of Nottingham West (now the town of Hudson, New Hampshire ) created out of the eastern portion. The previously disputed boundary between Massachusetts and New Hampshire was fixed in 1741 when the governorships of the two provinces were separated. As a result, the township of Dunstable was divided in two. Tyngsborough and some of Dunstable remained in Massachusetts, while Dunstable, New Hampshire ,
1508-524: The Nashua River and Salmon Brook , tributaries of the Merrimack. The Nashua River roughly bisects the city. Pennichuck Brook forms the city's northern boundary. The highest point in Nashua is Gilboa Hill in the southern part of the city, at 426 feet (130 m) above sea level . Nashua has a four-season humid continental climate , which has transitioned to the hot summer subtype, ( Köppen Dfa ), as of
1566-536: The Nashua Transit System , which has nine scheduled bus routes in the city. Boston Express , a subsidiary of Concord Coach Lines , operates a Nashua-Boston bus line that runs out of the Nashua Transit Center off Exit 8 on the Everett Turnpike. This line transports passengers to South Station and Logan International Airport in Boston. Nashua Airport (Boire Field), a general aviation facility,
1624-592: The New Hampshire General Court , Nashua is represented in the House by Hillsborough County's 3rd (Ward 4), 4th (Ward 2), 5th (Ward 1), 6th (Ward 3), 7th (Ward 7), 8th (Ward 6), 9th (Ward 5), 10th (Ward 9), and 11th (Ward 8) districts and in the Senate by District 12 (Wards 1, 2, and 5, shared with Hollis , Mason , Brookline , Greenville , New Ipswich , and Rindge ) and District 13 (Wards 3, 4, 6, 7, 8, and 9). In
1682-598: The New Hampshire Senate , Nashua is represented by two state senators: In the New Hampshire Executive Council , Nashua is included within the 5th District and is currently represented by Republican Dave Wheeler. Nashua is included within New Hampshire's 2nd congressional district and is currently represented (until 2025) by Democrat Ann McLane Kuster in the U.S. House of Representatives ; Kuster
1740-561: The Southern Maryland Blue Crabs of the Atlantic League, while former Boston Red Sox outfielder Rick Miller was hired as manager in Nashua. Former Boston Red Sox firstbaseman/outfielder Brian Daubach was hired as the hitting coach midway through the 2008 season. American skier Bode Miller played one home game each year for the team in 2006, 2007, and 2008. Former Red Sox reliever Rich "El Guapo" Garces appeared in
1798-527: The United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank , keeps the original brands of
Nashua Pride - Misplaced Pages Continue
1856-470: The financial services , high tech , and defense industries as part of the economic recovery that started in the 1980s in the Greater Boston region. Major private employers in the city include Nashua Corporation , BAE Systems , and Teradyne . The city also hosts two major regional medical centers, Southern New Hampshire Medical Center and St. Joseph Hospital . The South Nashua commercial district
1914-515: The 1991 to 2020 normals, with short spring and autumn transitions, long humid and warm to hot summers, and cold winters full of snow. The monthly daily average temperature ranges from 22.7 °F (−5.2 °C) in January to 70.9 °F (21.6 °C) in July. On average, there are 9.4 days of 90 °F (32 °C)+ highs and 8.7 days of sub-0 °F (−18 °C) lows. Precipitation is well-spread throughout
1972-587: The 2000 season, the team swept the Somerset Patriots in three games to win the Atlantic League Championship Series. However, the Patriots answered that loss by defeating the Pride in the 2003 and 2005 championships. Despite their on-field success, the Pride suffered as a result of having one of the lowest average attendances and being the farthest team from the core of the league. In 2006,
2030-726: The AA Nashua Pirates ; the AA Nashua Angels; and the A Nashua Dodgers , the first racially integrated professional baseball team in the 20th century. After minor league baseball began in Nashua in 1885, the team hosted the Nashua Millionaires franchise, with the team playing in the New England League from 1901 to 1933. In collegiate sports, Nashua is home to the Rivier University Raiders, who compete in
2088-568: The Colonials folded after the 2011 baseball season. The Nashua Pride was one of the founding members of the Atlantic League of Professional Baseball in 1998. The team name was based on the fact that Money magazine twice named Nashua the "best place to live" in the America. The team's primary home uniform logo was the word "Pride" in script, and included the number "1" inside the capital "P." In
2146-692: The Jackson Manufacturing Company was incorporated. In 1836, the New Hampshire half of Dunstable was renamed "Nashua", after the Nashua River; the Dunstable name lives on across the Massachusetts border. The Nashua River was named by the Nashaway people, and in the Penacook language it means "beautiful stream with a pebbly bottom", with an alternative meaning of "land between two rivers". In 1842,
2204-640: The Pride bullpen in 2007 and 2008. Following the 2008 season, when the Pride lost an estimated $ 500,000, former owner John Stabile sold the team to the American Defenders of New Hampshire , LLC. Stabile, a Nashua resident, had bought the team in January 2006 to prevent it from relocating, and got assurances from the new owners that they would keep the team in Nashua. American Defenders of New Hampshire, LLC consisted of Nokona executives Buddy Lewis and Jerry O'Connor, former Boston Red Sox general manager Dan Duquette , and Terry Allvord. The new owners changed
2262-546: The acquired firm, and adds the acquisition to its holding company simply to diversify its earnings . Outside the U.S. (e.g. Japan ), non-financial services companies are permitted within the holding company. In this scenario, each company still looks independent and has its own customers, etc. In the other style, a bank would simply create its own insurance division or brokerage division and attempt to sell those products to its own existing customers, with incentives for combining all things with one company. The financial sector
2320-400: The average family size was 3.01. In the city the population was spread out, with 22.1% under the age of 18, 9.3% from 18 to 24, 28.0% from 25 to 44, 27.8% from 45 to 64, and 12.7% who were 65 years of age or older. The median age was 38.5 years. For every 100 females, there were 97.3 males. For every 100 females age 18 and over, there were 95.8 males. In 2011 the estimated median income for
2378-433: The city and river. Nashua Corp. was a leading producer of floppy disks through the early 1990s, making the Nashua name well known in the world of personal computers . Defense contractor BAE Systems (formerly Sanders Associates ), computer firm Dell , and software company Oracle Corporation are the largest representatives of the high-tech industry prominent in the region. The Boston Air Route Traffic Control Center
Nashua Pride - Misplaced Pages Continue
2436-545: The city, with the Nashua line ending at the city dance hall. The trolley system decreased in popularity in the 20th century, finally closing in 1932. Efforts are being made to extend the MBTA Commuter Rail's Lowell Line from Lowell to Manchester, stopping at Nashua along the way. The state legislature created the New Hampshire Rail Transit Authority (NHRTA) in 2007 with the goal of overseeing
2494-432: The city. The population density was 2,719.9 inhabitants per square mile (1,050.2/km ). There were 37,168 housing units at an average density of 1,202.8 per square mile (464.4/km ). The racial makeup of the city was 83.4% White , 2.7% African American , 0.3% Native American , 6.5% Asian , 0.03% Pacific Islander , 4.6% from some other race , and 2.5% from two or more races. Hispanic or Latino of any race were 9.8% of
2552-600: The club's name from the Nashua Pride to the American Defenders of New Hampshire, placing less of an emphasis on the Nashua market. They kept General Manager Chris Hall and promoted Brian Daubach from Hitting Coach to Manager. The team was evicted from Holman Stadium in Nashua midway through the 2009 season because of nonpayment of rent. The Pride was one of several professional teams to play in Nashua, and one of five to have played at Holman Stadium : Nashua, New Hampshire Nashua ( / ˈ n æ ʃ ə w ʌ / )
2610-529: The development of commuter rail in the state. The proposed line would connect Lowell, Massachusetts , to Bedford, New Hampshire , with the end station being near the Manchester–Boston Regional Airport . As of November, 2022, an ongoing study by AECOM and the State of New Hampshire for design and financing is due to be completed by early 2023, and the project is awaiting federal funding. Nashua
2668-457: The geographic center of the city, Downtown Nashua is the oldest of the commercial districts, featuring commercial, entertainment, and dining venues, near historic commercial buildings and homes as well. Recent plans have incorporated the Nashua River into the design of a pedestrian-friendly walkway. The downtown Nashua Riverwalk is a large, public/private venture funded through the use of tax increment financing (TIF). Amherst Street ( Route 101A )
2726-413: The goal of easing traffic congestion and opening up Nashua's old mill-yard as part of the city's economic development. The new parkway provides a third crossing of the Nashua River and a way for traffic to avoid Library Hill, a busy downtown intersection. The idea of a road connecting Broad Street with Hollis Street within the city had been discussed since the 1960s. Public transportation is provided by
2784-513: The mills in the city over an attempted wage cut and hours increase. The textile business started moving to the South during the Great Depression , with the last mill near Nashua closing in 1949. But then Sanders Associates , a newly created defense firm that is now part of BAE Systems , moved into one of the closed mills and helped restart the city's economy. Sanders Associates also played
2842-429: The northeast along the two-lane Henri A. Burque Highway to Concord Street and then heads north into the town of Merrimack. Other New Hampshire state highways in the city include: Maps of the Nashua area often show a stretch of freeway forming a circumferential highway through Nashua and the neighboring town of Hudson . Only a small section of the south end of this highway (Exit 2 off U.S. Route 3 ) has been built, and it
2900-539: The now bankrupt Boston Surface Railroad Company for the creation of a rail line. The fire department of Nashua, Nashua Fire, has 176 full-time members and is responsible for 31.9 square miles (83 km ), protecting a population of 91,322. In the city, there are six stations. There is one fire chief, one assistant chief, and four deputy chiefs. The department has six engines, three ladder trucks, one haz-mat/rescue truck (known as Special Hazards 1), two brush trucks, two spare engines, and one spare ladder truck. Nashua uses
2958-410: The population. There were 35,044 households, out of which 28.7% had children under the age of 18 living with them, 45.9% were married couples living together, 11.6% had a female householder with no husband present, and 37.6% were non-families. 29.4% of all households were made up of individuals, and 9.6% had someone living alone who was 65 years of age or older. The average household size was 2.42 and
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#17328522733193016-468: The rival Amoskeag Manufacturing Company upriver in Manchester , the Nashua mills prospered until about World War I , after which a slow decline set in. Water power was replaced with newer forms of energy to run factories, such as coal, and cotton could be manufactured into fabric where it grew, saving transportation costs. In 1922, it was affected by the 1922 New England Textile Strike , shutting down
3074-587: The team moved to the Canadian American Association of Professional Baseball , (Can-Am League). As Nashua is closer in proximity to the teams of the Can-Am League than those of the Atlantic, the Pride was relieved of the expensive travel to away games. In 2007, the Pride won the Can-Am League championship. After that season, long-time manager Butch Hobson left the Pride to take the managerial job with
3132-512: The title. The area was part of a 200-square-mile (520 km ) tract of land in Massachusetts called "Dunstable", named after Edward Tyng of Dunstable in England. Located at the confluence of the Nashua and Merrimack rivers, Dunstable was first settled about 1654 as a fur trading town. Nashua lies approximately in the center of the original 1673 grant. In 1732, Dunstable was split along
3190-476: The town split into two towns. Eleven years later, they joined back together under the name "Nashua", and were re-incorporated as a city. During the split, the northern area, known today as "French Hill", called itself " Nashville ", while the southern part kept the name Nashua. Six railroad lines crossed the mill town , namely the Nashua and Lowell , Worcester and Nashua , Nashua and Acton, Nashua and Wilton, Concord and Nashua, and Rochester railroads. Like
3248-433: The year, though winter is the driest. Snowfall, the heaviest of which typically comes from nor'easters , averages around 55 inches (140 cm) per season, but can vary widely from year to year. Nashua recorded the New Hampshire state record high temperature of 106 °F (41 °C) during the deadly 1911 heat wave . As of the census of 2010, there were 86,494 people, 35,044 households, and 21,876 families residing in
3306-584: Was filmed in 2004 at Nashua High School North . Russian dressing was created in Nashua by James E. Colburn, likely in the 1910s. In the American version of The Office , a branch of the fictional paper company Dunder Mifflin is located in Nashua and features in several episodes. Financial services The finance industry in its most common sense concerns commercial banks that provide market liquidity , risk instruments , and brokerage for large public companies and multinational corporations at
3364-547: Was incorporated in 1746 from the northern section of the town. Like many 19th century riverfront New England communities, New Hampshire's Dunstable was developed during the Industrial Revolution with textile mills operated from water power . In 1823, the Nashua Manufacturing Company was incorporated. The company eventually had four mills and employed approximately 1,000 people. The following year,
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