With final guidelines not published until after 5 p.m. yesterday, uncertainty has surrounded the launch of a $349 billion rescue loan program created by the CARES Act to help stop the collapse of thousands of small businesses nation-wide.
Gov. Ned Lamont has ordered all of the state’s hotels and other lodging houses to close their doors to leisure travelers as part of efforts to stop the spread of COVID-19.
Even as the coronavirus crisis has shuttered restaurants and retail stores across the U.S., Berkshire Bank has moved ahead with financing a massive, mixed-use development in New Hampshire.
Single-family home and condo sales increased in February on a year-over-year basis and the median sale price for both property types also saw notable gains.
Stamford-based Patriot Bank will no longer have a president or a chief lending officer after eliminating these positions as part of a plan to strengthen the bank’s profitability “ahead of uncertain times,” according to an SEC report made today.
A West Haven warehouse has been sold to the area’s power company.
A West Haven industrial-retail property has been sold.
Developer Lendlease has sold a 16-megawatt solar project under construction in Wallingford to NextEra Energy Resources, which will sell the power to Eversource Energy and The United Illuminating Co.
The CARES Act and an interim final rule by bank regulators provided conflicting guidance on CECL implentation, prompting federal bank regulators to issue another joint statement clarifying the rule.