Seven Stars Cloud Group, a New York-based global fintech with plans to establish its headquarters in West Hartford later this year, is changing its name.
Banks in Connecticut employed more people halfway through the year than at this point last year..
A nongovernmental organization focused on fairness in the financial services industry has come out against People’s United Bank’s proposed acquisition of the parent company of Farmington Bank.
Al Alper has been working in the cybersecurity space for close to three decades. In 1991, he founded Wilton-based Absolute Logic, an information technology and security firm that provides cybersecurity, compliance, technology support and consulting to businesses of all sizes.
The parent of Farmington Bank had solid profits in the second quarter as it prepares to be acquired.
Profits at the parent company of Hartford-based United Bank slowed in the second quarter due to unforeseen expenses, but growth is shaping up solid for the rest of the year.
The Office of the Comptroller of the Currency announced yesterday that it would begin accepting applications for national bank charters from fintech companies, a move that could streamline the regulatory process for innovators in the banking space.
Long-term strategic investments helped Webster Bank to a strong second quarter, even as the company continued to see fierce competition from nonbank lenders in commercial real estate.
With the world of banking getting more and more digital every day, financial institutions need to be creative with physical branches to ensure they are efficient, but still able to successfully generate foot traffic.
Holyoke-based PeoplesBank is expanding into Connecticut.
The parent company of Berkshire Bank continued to grow loans and deposits at a healthy clip during a time of deposit competition and spread compression.
The top regulator at the Federal Reserve has provided more clarity into how the agency plans to regulate banks between $100 billion and $250 billion, following the passage of the Dodd-Frank relief bill earlier this year.
Financial information, bank account logins, IP addresses, domain names and other financial records are considered valuable details that can be used for many types of attacks. Now, more of that data is being offered on the black market.
Martin Geitz is the president and CEO of the roughly $514 million asset Simsbury Bank.
The parent company of Stamford-based Patriot Bank has raised $10 million in a private placement offering, a portion of which will be used to acquire Hana Small Business Lending.
One week after acquiring Farmington Bank, Jack Barnes, CEO of People’s United Bank and its parent company, has a new title.
People’s United Financials’ $544 million purchase of the parent company of Farmington Bank is one of this year’s largest bank deals in the U.S.
While a bipartisan bill that would pave the way for financial institutions to bank marijuana picks up steam, panels in the U.S. House and Senate are defeating measures and amendments that are essentially attempting to do the same thing.
People’s United Bank announced this morning that it will acquire the parent company of Farmington Bank in an all stock transaction valued at roughly $544 million and 180 percent tangible book value.
The National Credit Union Administration on June 21 will consider a final rule regarding field of membership, a move that bankers are fiercely opposed to.