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May 30, 2008

Webster Bank Announces $225 Million Stock Offering
The holding company for Waterbury-based Webster Bank will offer 225,000 shares, or $225 million aggregate liquidation preference, of non-cumulative perpetual convertible preferred stock.

Raveis Real Estate Makes Mark in Massachusetts
By Aglaia Pikounis
At a time when some real estate firms are consolidating offices or closing up shop, William Raveis Real Estate & Home Services has grown in New England.


Retirement Plan Shift Spurs Teacher Chase
By Laura Schreier
Teachers aren’t known for their huge paychecks, but – as some financial services watchers will tell you – they’re excellent savers. There’s money to be had in teacher retirement accounts.


AG Releases Top 25 Companies Affected By Data Breach
Attorney General Richard Blumenthal and Department of Consumer Protection (DCP) Commissioner Jerry Farrell, Jr. have announced the top 25 companies with the most Connecticut residents affected by the Bank of New York Mellon data breach.

Bank Sales of Fixed Annuities on Move
By Laura Schreier
Fixed annuities have sprinted forward as the go-to conservative investment vehicle, with sales out of banks leaping from $1.9 billion in January to $4.1 billion in March, according to figures from international research firm Kehrer-LIMRA.


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