Diane Arnold had a summer job in Branford as a banker teller, but after graduating from college, she began working in the insurance industry. That career was short-lived, though, after Arnold received a call from Essex Savings Bank’s Gregory Shook asking her to return to the bank and go through a management training program. She has been in banking ever since, working on commercial lending.
With the rental market strengthening, the median monthly rent outpaces the monthly mortgage payment on the median newly-bought home in most of Connecticut, according to a National Association of Realtors analysis.
Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won’t likely recoup.
First County Advisors, the wealth management division of Stamford-based First County Bank, has expanded with the hiring of Michael Rispoli as vice president relationship manager.
Torrington Savings Bank has partnered with Meriden-based Infinex Financial Group to establish TSB Investments, the bank’s new investment division.
An aggressive industry campaign against a Biden administration proposal to report bank account information to the Internal Revenue Service continued on Thursday as more than 100 trade groups and other organizations sent a joint letter to congressional leaders voicing opposition to the proposal.
The report lays out steps that could potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.