Nutmeg State Community Banks Face Uncertain Times Macro-Economic Volatility Dominates Connecticut’s M&A Activity Arthur L. Loomis II
Recent economic activity has centered on bailing out the largest banks in the country and the elimination of the largest brokerage firms in the country. The turbulence is likely to impact Connecticut’s community banks in the form of higher FDIC insurance assessments. At the same time, mark-to-market requirements are being suspended and any Freddie or Fannie equity losses experienced by Connecticut community banks will be deductible. Subscribers, click here to read entire story | Click here to purchase a subscription
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