With two large corporations heading to Boston, a shrinking population and no state budget for at least the first three months of this fiscal year, all parts of Connecticut’s economy may have trouble generating new growth.
The capital ratios of Webster Financial Corp. and its $26 billion asset subsidiary, Webster Bank, would exceed regulatory minimums during a severely adverse economic time period, according to the company’s latest Dodd-Frank stress test results.
Speaking at a conference in Boston Friday, Eric Rosengren said he also expects current low inflation, the main factor that could hamper projected interest-rate hikes, to get much closer to the Fed’s 2 percent target next year.
One day after announcing the resignation of CFO Donald E. White, Salisbury Bancorp Inc., the holding company for Salisbury Bank and Trust Co., has found its replacement.
The chief financial officer of Lakeville-based Salisbury Bank is leaving the company to pursue another career opportunity.
Activist investor Lawrence Seidman has taken a 7.4 percent stake in SBT Bancorp, the holding company of Simsbury Bank, according to a regulatory filing from yesterday.
Nutmeg State Financial Credit Union has filed an application with the Connecticut Department of Banking to open its first full-service branch in Stratford at 250 Barnum Avenue Cutoff.
Waterbury is one of the slowest growing cities in America, according to a recent WalletHub study.
Webster Bank added more deposits than any other bank in Connecticut, according to recently released data on statewide deposit share at the end of the second quarter of this year.
SBT Bancorp, the holding company of Simsbury Bank, is planning to terminate the registration of its common stock, according to a regulatory filing yesterday.
A recent survey by the Consumer Financial Protection Bureau (CFPB) shows that more than 40 percent of U.S. citizens are struggling to pay their bills.
The National Credit Union Association closed the Temporary Corporate Credit Union Stabilization Fund on Oct. 1, meaning the NCUA could distribute between $600 million to $800 million to federally insured credit unions in 2018, barring no significant changes in the economy.
After graduating into a very difficult job market in 1974, John Trentacosta said he would have taken a job in any sector. He considered himself lucky to land a job at Banker’s Trust Co. in New York, and from that moment forward, he fell in love with banking.
Banks may not be perfect, but one they product they seemed to have nailed down is the mobile application.
New Canaan-based Bankwell Bank has received national recognition for its performance over the last year.
Sikorsky Credit Union recently filed an application with the Connecticut Department of Banking to open its first full-service branch in Trumbull, filling a hole in its branch network between Bridgeport, Danbury and Seymour.
At least 70 percent of federally-insured credit unions in Connecticut reported positive net income through the second quarter, according to the National Credit Union Association.
Housing starts in August saw a modest monthly decline, while building permits made significant gains.
After 30 years at the helm of Webster Bank, James C. Smith, chairman and CEO of the bank and its holding company, Webster Financial Corp., will retire at the end of the year.
The Consumer Financial Protection Bureau has been busy as of late.