Connecticut spent almost 1 percent of total state government expenditures on costs associated with the opioid crisis in fiscal year 2015.
The MetroHartford Alliance has named David Griggs as the organization’s new CEO and president.
Two Long Island residents were recently sentenced in federal court for their roles in two separate investment fraud schemes that victimized Connecticut residents.
Credit unions in Iowa will not be subject to state taxes, a decision viewed as a victory for credit unions nationwide in the longstanding debate over whether they should be taxed like banks.
More than 40 percent of banking institutions that must adhere to the Federal Deposit Insurance Corp. Improvement Act within the next year are behind schedule for compliance.
The parent company of New Canaan-based Bankwell Bank saw a solid increase on profits in the first quarter, but also reported an unexpected increase in its efficiency ratio and in non-performing loans.
For the first time in nearly a decade, there is a proposal to form a new bank in Massachusetts.
The parent company of Farmington Bank posted good profits in the first quarter, plunging deeper into the mortgage market and opening the bank’s 25th branch in Manchester that is quickly building deposits.
With the completed conversion and systems integration of Commerce Bank, Berkshire Bank is ready to push profitability at the now $11.5-billion asset company.
The parent company of Waterbury-based Webster Bank reported strong profits and growth in the first quarter of 2018, but that didn’t stop investors from pressing executives about the slow down in growth of health savings accounts, a core part of the bank’s business.
The parent company of Hartford-based United Bank reported strong profits in the first quarter of 2018, but is planning to take a more conservative approach for the rest of the year due to compressed credit spreads and a lower margin.
While economic conditions in the state of Connecticut are certainly not ideal, lenders are finding success in the residential and commercial sectors by taking community-driven approaches and following through on strategies they put into motion in previous years.
The parent company of Willimantic-based Savings Institute Bank and Trust reported net income of $2 million, or $0.17 diluted earnings per share, for the first quarter of 2018, compared to $1.7 million, or $0.14 diluted earnings per share, for the first quarter of last year.
Earlier this year, Wendell Davis became the new regional administrator for the New England region of the U.S. Small Business Administration.
The Securities and Exchange Commission yesterday announced charges against a Danbury, Connecticut-based investment adviser for improperly registering with the commission and violating several commission rules that apply to registered investment advisers.
To afford an average home in Connecticut based on a 30-year mortgage and 10 percent down, one would need to make a salary of $75,280, according to a recent study by HowMuch.net.
A federal judge has struck down two provisions in a National Credit Union Administration rule that makes it easier for credit unions to further expand their membership. The ruling will be seen as a partial victory for the banking industry, which strongly opposed the rule.
The cost to attend most colleges far exceeds the amount that students are allowed to borrow under federal loan limits, according to a recent Student Loan Hero study.
Rocky Hill-based Nutmeg State Financial Credit Union has filed an application with the Connecticut Department of Banking to open a full service branch in Milford.
Large ecommerce players like Amazon have upended many industries from retail to entertainment to grocers, forcing businesses in these sectors to adapt or face a future filled with uncertainty.