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October 6, 2006     Barnstable Patriot
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October 6, 2006
 
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HYANNIS Tourist, visitor or guest? By Richard Angelini A lot has been written lately about who are the folks that come to Cape Cod during the busy season. Having been labeled as a neophyte, I commissioned the help of a publication that has been around for some time -Noah Webster's diction- ary circa 1828, now publish- ing its eleventh edition. So what is the definition of a tourist, Noah? A person who is traveling especially f or pleasure . OK, that might work, although some community leaders think "tourism is dying." Next I ask, what is a visitor? Noah tells me persons who visits, asfor reasons of friendship, business, duty, travel, or the like are visitors. Ahh, could that be a second- home owner as mentioned in previous news articles or perhaps visiting friends and relatives? Let's move on to the next category -guest. According to Noah a guest is anyone receiving hospitality, and the word has been extended to in- clude anyone who pays for meals and lodging. That's it! Did we get it wrong all these years? Should we have identified "guestism" instead of "tourism" as the Cape's traditional econom- ic cluster? Now that I have the official definitions, I head out to the streets and ask the people who they see themselves as. First is a nice family from Germany exiting the JFK Museum on Main Street. After some small talk, I ask them if they are tourists, visitors or guests, and why. The lovely Missus answers "wizitauh." Which I take to mean "visitor." She further tells me her husband is here on business so the family came along for the ride. Right on the money, Noah. Next is a polite Japanese couple making their way to the waterfront on Ocean Street. Hi - can I ask you a question? Are you a tourist, visitor or guest and why? It took a considerable amount of dialog between the two, and a couple of digital photographs to get the answer: "guest." Why, I ask? "We are staying in a guest house on 6A so we must be guests." OK Noah, you are two for two. I'm eager to press on, so as I'm watching a football game at a waterfront bar I ask a couple sitting next to me where they're from. "New Jersey," they say. So, would you say you're a tourist, visitor or guest, and why? They laugh and say "tourist" in unison, be- cause they're just traveling through for the day. No business, no relatives, no second home. Just plea- sure. Noah, you convinced me after all these years you still have the right answers. So what's the trend? Tourist, visitors or guest? I would have to say from my unscientific research -all CONTINUED ON PAGE A:11 Proposed bank looks to fill a niche New England Savings Bank gets FDIC approval By David Still II dstill@barnstablepatriot.com DAVID STILL II PHOTC AT THE PROPOSED HELM - Joe Medeiros (left) and Frank Perfetuo are the proposed vice president and president, respectively, of New England Savings Bank, which received FDIC approval last month. The merger and closing of local banks and branches presented an opportunity for a locally-drivenbank to find support.That proved to be a popular idea. "We thought we had this greatidea,"saidJoe Medeiros of HyannisMortgage Compa- ny and aprincipal in the now- forming NewEngland Savings Bank. "Then we woke up one day and found out someone else had the same idea." That "someone else" just held a grand opening. After doing a little poking around, Medeiros's group discovered organizers for Bank of Cape Cod were about four months ahead of them. While that was discourag- ing on one level, it was by no means a deal stopper, and actually confirmed some of their thinking. "Wefeel that there'sastrong need for community banking to come back to the Cape," said Frank Perfetuo , the pro- posed president and CEO of New England Savings Bank. Medeiros said that his cus- tomers asked why he couldn't handle their car loans or other financialneeds.As amortgage service,that was not possible, but it started the thinking for a new bank. BothMedeiros and Perfetuo are confident that the various niches and the size of the Cape'sbankingmarket means that there'splenty of room for another local bank. The state 's Division of Banks agrees. New England SavingsBank received aCertificate of Public Convenience from the Divi- sion of Banks in late July and last month received approval from the Federal Deposits Insurance Corporation. With these inhand the capital cam- paignto raise $10.5 millionin start-up money, higher than the state-required $8 million, continues. This will be done through a $5 a share offering, with a minimum 2,000-share investment.Medeiros believes that pricingwillbe attractive. Bank of Cape Cod raised its capital the same way, but at $10 a share. Perfetuo retired after a successful career in banking, but soon found himself rest- less. He answered a want-ad placed by Medeiros for his Hyannis Mortgage Company. From the outset, they talked about forming a local bank, but did not get the ballrolling for about a year. Perfetuo said he figured he knew how to run a bank, "so it can't be much more difficult to start a bank." Is it? "Yeah...much,"he said with a laugh. The loss in local banks also meant aloss in localdecision- making, Perfetuo said. That often means less flexibility in how loans are assessed and approved , he said, as larger banks have difficulty moving outside of the boxes on their applications. It'sthe ability to move out- side ofthose boxes and "hand- craft" products for homebuy- ers and other bank customers where New England Savings Bank'sorganizers hope to find their niche. "We want to make a differ- ence in people's lives," Me- C0NTINUED 0N PAGE A.-11 Hawk eye monitors snowbird nests By Paul Gauvin pgauvin@barnstablepatriot.com PAUL GAUVIN PHOTO PIPES PEEK - Bill Owens checks for leaks in an outdoor shower. Bill Owens used to keep watch over the nation's most precious and vulnerable asset - children - as a teacher and 20-year elementary school principal.Now he is devoting himselfasahawk eyeguarding another precious and vulner- able commodity-the nests of Cape snowbirds. Retired andlivingon Ocean Street in Hyannis, Owens has launched apart-timebusiness called Cape Cod Housecheck after finding aperceived need for such a service through personal experience. He purchased his Cape house in 1987 as a summer home while he was still em- ployed by a Worcester area school system. One year he didn't shut off the water and "the outside shower let go.My neighbor called me and said water was running down the street." He said he had to make the two-hour drive each way to come and arrange repairs. On another occasion, rac- coons had gotten into the house and did considerable damage while he was ab- sent. "That's how I got the idea for Cape Cod Housecheck,"he said while sitting on his front deck this week. He moved to the Cape permanently in 2004. CONTINUED ON PAGE A:11 A THE ^^ I i' ' i rrrMmtrr ,^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ H mW* JK^ ^v lM IP- ¦ ML --'¦¦*¦.-• w » Urn W taa^K V #•> ft? ¦ W, ^"H I " ¦ ^¦ ^¦ ^¦ ^¦Etaaa P ¦ :'/ : K^K JB ^BBBB BW PaBBBE^i^BBBBB> ^^ Comfortable. Efficient. Intelligent Heating. Quality Doesn't Cost - It Saves. A complete line of Energy Start and high efficiency boilers ensure that we have a Buderus boiler that Is just right for your application. Calltoday... we're in your neighborhood. FREE ESTIMATES! At UBS, we work with you like a two-person organization. Our financial advisors take the time to understand your needs and goals to help you make confident decisions. 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