Banking & Lending

Banks’ Branch Decisions An Open-and-Shut Case
By Jeff Haynes
One Connecticut community bank is establishing its presence, another is expanding, two regional banks are merging and a mega-bank reportedly is shuttering 10 branches that it had just opened.

BREAKING NEWS:
Leadership Shakeup At The Bank Of Southern Conn.
By Staff
Michael M. Ciaburri will step down as president and chief executive officer of Southern Connecticut Bancorp, holding company for The Bank of Southern Connecticut, after less than a year on the job.

BREAKING NEWS:
People's United Slashes 420 Jobs
By Jeff Haynes
Bridgeport-based People's United Financial, parent company of People’s United Bank, announced Thursday that it has cut nearly 10 percent of its workforce.

SBA Hopes To Provide More Loans
By Jeff Haynes
Some see Gerard Fenerty as a good example. His business, and by extension his recent business loan, is making the most of the dollar’s weakness among foreign currencies.

BREAKING NEWS:
Vermont Credit Card Breach Hits Connecticut
By Staff
Attorney General Richard Blumenthal has learned of a credit card breach at a ski resort in Ludlow, Vt., that will have an impact on Connecticut customers.

SI Financial Group Schedules April Dividend
Willimantic-based SI Financial Group has declared a cash dividend of 4 cents per share on the company’s outstanding shares of common stock.