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Banking & Lending | August 1, 2008

Conn. AG Sues Three Credit Rating Agencies
Connecticut sued three of the nation’s leading credit rating firms this week, alleging they gave artificially low marks to cities and towns across the state.

Essex Savings Bank Leadership Re-Elected After 25 Percent Growth
The third quarter of Essex Savings Bank’s fiscal year was a strong one, with a 25 percent increase in its balance sheet. Because of the strong performance, most directors and trustees were re-elected at an annual meeting held late last month.